文献类型：期刊文献

英文题名：Financial income and married women's labor participation in urban China

作者：Zhao, Yan[1];Guo, Shen[2];Zhang, Qi[3];Liu, Chenran[1]

机构：[1]East China Univ Sci & Technol, Sch Business, Shanghai, Peoples R China;[2]Cent Univ Finance & Econ, China Acad Publ Finance & Publ Policy, Beijing, Peoples R China;[3]Agr Bank China, Shanghai Branch, Shanghai, Peoples R China

年份：2026

卷号：31

期号：2

起止页码：516

外文期刊名：JOURNAL OF THE ASIA PACIFIC ECONOMY

收录：;WOS:【SSCI(收录号:WOS:001398417500001)】；

基金：The authors thank the seminar participants at ECUST and CUFE for helpful comments. Yan Zhao acknowledges the sponsorship by Ministry of Education of China (Grant No. 18YJC790230). The paper does not reflect the views of the above institution, and all errors remain to the authors. 130 Meilong Road, Shanghai, China

语种：英文

外文关键词：Labor force participation; household financial investment; women's labor supply

摘要：Will financial income lead to a decreased labor force participation by its negative income effect? Using the 2017 China Household Finance Survey, we find that the household financial income significantly increases married women's probability of labor force participation in urban China, which stands in sharp contrast with transfer income, another non-labor income. We believe that this is because of the "cash in advance" property of financial income, that is, the household must accumulate cash beforehand in order to gain in the financial market. We further show that both the financial market participation decision and level of invested financial asset holdings lead to an increased labor participation. Our results dismiss the suspicion that engaging in the financial market may allure or distract people from working.