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		| Zhao  Li  | 
	
	
		| Donghua University Xuri School of Business Administration | 
	
	
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		| caoan road 4800 | 
	
	
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		| Shanghai, China 200092 | 
	
	
		| 中国 | 
	
	
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		| lizhao021@163.com | 
	
	
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		JEL Areas: E2 : Macroeconomics: Consumption, Saving, Production, Employment, and Investment: General (includes Measurement and Data) G : Financial Economics |