Changcheng Song

Changcheng Song's primary research interests are in household finance decisions, and the interaction between household finance, macroeconomic policies, and behavioral economics, using both observational data and experimental data. His papers have been published in the Review of Financial Studies, Journal of Financial Economics, Management Science, Journal of Monetary Economics, Journal of Development Economics, and Journal of Human Resources.

His research focuses on household finance decisions in housing market, retirement savings and insurance, household consumption and debt. He also conducts field experiments to identify the barriers to the diffusion of new financial products and assessing the potential for financial education to overcome these constraints. He has conducted fieldwork in China, Singapore, Sri Lanka, Kenya, and Uganda. He received his B.A. from Tsinghua University in China, and Ph.D. in Economics from University of California Berkeley.

Education

• Doctor of Philosophy (Ph.D.) University of California, Berkeley (2006 — 2012)
• Bachelor's degree Tsinghua University (2002 — 2006)

Companies

• Assistant Professor Singapore Management University (2019)
• Assistant Professor National University of Singapore (2012 — 2018)

Research Interests

• Household Finance
• Psychology and Economics
• Real Estate Economics
• Experimental Economics

• Journal Articles (Refereed)

• Financial Illiteracy and Pension Contributions: A Field Experiment on Compound Interest in China, Review of Financial Studies, Volume 33, Issue 2, February 2020, Pages 916-949.

• Do Real Estate Agents Have Information Advantages in Housing Markets? (with Sumit Agarwal, Jia He, and Tien Foo Sing), Journal of Financial Economics, Volume 134, Issue 3, December 2019, Pages 715-735.

• Superstition, Conspicuous Spending, and Housing Markets: Evidence from Singapore (with Jia He, Haoming Liu, Tien Foo Sing, and Wei-Kang Wong), Management Science, Volume 66, Issue 2, February 2020, Pages 783-804.

• Information Avoidance and Medical Screening: A Field Experiment in China (with Yufeng Li, Juanjuan Meng, and Kai Zheng), Management Science, forthcoming

• High Sex Ratios and Household Portfolio Choice in China (with Wenchao Li, Shu Xu, and Junjian Yi), Journal of Human Resources, forthcoming

• Benefits of Relationship Banking: Evidence from Consumer Credit Markets (with Sumit Agarwal, Souphala Chomsisengphet, Chunlin Liu, and Nicholas S. Souleles), Journal of Monetary Economics, Volume 96, June 2018, Pages 16-32.

• Do disaster experience and knowledge affect insurance take-up decisions? (with Jing Cai), Journal of Development Economics, Volume 124, January 2017, Pages 83-94.