Abstract
ABSTRACT This article provides an analysis of the impact of the pandemic on household liquidity constraints using the China Household Finance Survey (CHFS) data. We find that households’ liquidity constraints become serious after the outbreak of COVID-19. Households’ likelihood of liquidity constraints increases with the severity of the pandemic, mainly due to the COVID-19 pandemic shock to employment and household income. Meanwhile, the deterioration of households’ liquidity significantly increases their saving willingness and decreases their consumption.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
