Most Popular

Gender-Targeted Job Ads: Patterns, Impacts, and Mechanisms

Peter Kuhn, Kailing Shen, Feb 27, 2019

Gender-targeted job ads are common in many emerging economies. Using data from jobboards—which differ substantially in terms of culture, size, and user groups targeted—our empirical evidence suggests that policies that target workers’ application decisions may be at least as important as policies that target employers’ screening decisions, if not more.

China’s Rebalancing: Recent Progress, Prospects, and Policies

Rui C. Mano, Jiayi Zhang, Mar 20, 2019

While China’s growth gathered momentum in 2017, rebalancing was uneven and decelerated along many dimensions reflecting the temporary factors behind the growth pickup. Going forward, rebalancing is expected to proceed as these temporary factors recede, but elevated income inequality and leverage will remain a challenge. The authorities are...

Can Information Influence the Social Insurance Participation of China’s Rural Migrants?

John Giles, Xin Meng, Sen Xue, Guochang Zhao, Apr 10, 2019

We use a randomized information intervention to shed light on whether poor understanding of social insurance—in terms of both the enrollment process and the associated costs and benefits—drives the relatively low rates of participation in urban health insurance and pension programs among China's rural-urban migrants. Among workers without a contract...

Accounting for Urban China’s Rising Income Inequality: The Roles of the Labor Market, Human Capital, and Marriage Market Factors

Shuaizhang Feng, Gaojie Tang, Mar 27, 2019

China has witnessed persistent increases in economic inequality since the early 1990s when the urban labor market began its transformation — from centrally-controlled to market-driven. Using the Urban Household Survey data, this paper (Feng and Tang, 2018) documents the trends...

Industry/Policy View China’s High Savings: Drivers, Prospects, and Policies

Longmei Zhang, Ding Ding, Hui He, Rui C. Mano, Apr 17, 2019

China’s high national savings rate—one of the highest in the world—is at the heart of its external/internal imbalances. High savings finance elevated investment when held domestically, and lead to external imbalances when they flow abroad. Today, China’s higher savings, compared to the global average, mostly emanate from the household sector, due to demographic changes induced by the 1979 one-child policy and the reshaping of the social safety net in the 1990s. Housing reform and rising income inequality also contribute to higher household savings. Moving forward, rapid ageing will put downward pressure on savings. Still, policy efforts to strengthen the social safety net and reduce income inequality are needed to reduce savings further and boost consumption.