Marriage Falls in China, Transforming Finances and Families (The New York Times)

The New York Times mentioned Senior Research Fellow Xiaobo Zhang’s work in a front page article on marriage in China. According to the article, fewer Chinese people are getting married, which can have a negative impact on the number of babies born and the amount of spending on family-related purchases such as homes and appliances. All of this can have an affect on the country’s economic growth. “Because they are highly educated, they hold well-paid jobs, they lose the financial incentive to get married,” said Zhang, who is also a professor of economics at Peking University’s National School of Development.