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Fang, Hanming, Rongzhu Ke, and Li-an Zhou. Rosca Meets Financial Markets. National Bureau of Economic Research, 2015.
Fang, Hanming, Quanlin Gu, and Li-an Zhou. "Demystifying the Chinese Housing Boom." In NBER Macroeconomics Annual 2015, 105-166. Vol. 30. Cambridge, MA: National Bureau of Economic Research, 2016.
Fang, Hanming, Hongbin Cai, Yuyu Chen, and Li-an Zhou. Microinsurance, Trust and Economic Development: Evidence from a Randomized Natural Field Experiment. NBER Working Paper. Cambridge, MA: National Bureau of Economic Research, 2009.