Daeyong Lee Peking University HSBC Business School   Peking University HSBC Business School #751 University Town, Nanshan Shenzhen, 518055 China   daeyong@phbs.pku.edu.cn         Primary Research Focus: Taxation and Household Financial Decisions   JEL Areas: H3 : Fiscal Policies and Behavior of Economic Agents: General H2 : Taxation, Subsidies, and Revenue: General