A Bridge on Economic Issues between China and the World
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Spillovers in Childbearing Decisions and Fertility Transitions: Evidence from China
Pauline Rossi, Yun Xiao, Mar 24, 2021To what extent and through which mechanisms are couples influenced by others when choosing their own family size? Recent research exploits exemptions in China’s family planning policies to show that conformism and competition drove the diffusion of small families, and hence accelerated the fertility transition in China.
The Price of Growing Like China: Higher Income Risks and Less Consumption Insurance
Raül Santaeulàlia-Llopis, Yu Zheng, Jun 20, 2018Widening income inequality in China has prompted President Xi Jinping to shift focus and to emphasize the fostering of balanced, high-quality development. But how exactly did income inequality evolve over China’s growth process and what was its impact on consumption and welfare? Using a long panel of income and consumption data from thousands of rural and urban households, we document that the increasing income inequality in China mainly reflects increasing permanent income risk, against which it became harder and harder to insure consumption, over the period of rapid income growth from 1989 to 2009. In other words, as household income grew, so did income fluctuations. These income fluctuations had an increasingly direct impact on consumption. For rural households, the welfare cost from increasing income risk and increasing exposure of consumption to income risk can almost cancel out the welfare gain from accelerated income growth over those twenty years.
How Do Workers and Households Adjust to Robots?
Osea Giuntella, Yi Lu, Tianyi Wang, Apr 26, 2023We analyze the effects of exposure to industrial robots on labor markets and household behaviors, exploring longitudinal household data from the China Family Panel Studies.
Brain Drain to the State Sector: Job Preferences and Outcomes for China’s College Graduates
Hongbin Li, Lingsheng Meng, Yanyan Xiong, Sinclair Cook, Feb 28, 2024Despite private enterprises dominating China’s labor market, college-educated workers are still highly concentrated in the state sector. Using data from the Chinese College Student Survey, we find that 64% of students in the sample expressed a strong preference for state-sector employment.
Does China’s Place-Based Land Policy Lead to Spatial Misallocation?
Min Fang, Libin Han, Zibin Huang, Ming Lu, Li Zhang, Nov 17, 2021After 2003, the Chinese central government implemented an inland-favoring land supply policy that distributed more construction land quotas to underdeveloped non-eastern regions. We investigate the effect of the policy and find that it drastically increased land and housing prices in more-developed eastern regions, which consequently created substantial spatial misallocation of land and labor. The policy seems to reduce regional output gaps; however, it hurt...
