The impact of China's One-Child Policy on economic preferences: A regression discontinuity design

In 1979, China's government adapted the One-Child Policy (OCP), a radical approach to limiting population growth. The One-Child Policy can be regarded as a natural experiment, which allows investigation of whether being a single child in the family changes individuals' economic preferences. Using the Global Preference Survey and employing a regression discontinuity design, I found that OCP significantly changed people's risk preferences, and social preferences, which will reshape Chinese society and economy.