A Bridge on Economic Issues between China and the World
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“Golden Ages”: A Tale of the Labor Markets in China and the United States
Hanming Fang, Xincheng Qiu, Dec 15, 2021We examine the Chinese growth experience in the last three decades through the lens of the labor market, focusing on evolving cross-sectional earnings distributions. We contrast the Chinese labor market with that of the United States and provide an interesting tale of the two labor markets over the last 30 years.
Misallocation, Selection, and Productivity: A Quantitative Analysis with Panel Data from China
Tasso Adamopoulos, Loren Brandt, Jessica Leight, Diego Restuccia, Jan 05, 2022We examine the distorting effects of China’s land institutions on aggregate agricultural productivity and other outcomes. We argue these distortions affect two key margins: (1) the allocation of resources across farmers (misallocation); and (2) the type of farmers who operate in agriculture (selection).
A Biological Clock Explanation for the Gender Gap in Earnings: Import Competition Increases Female Fertility
Wolfgang Keller, Hâle Utar, Apr 15, 2020Rising import competition from emerging countries such as China, which are increasingly integrated in the global economy, have led to lower labor market opportunities in many high-income countries, especially for middle-class manufacturing workers (see Keller and Utar, 2019). This article shows that the implications of rising import competition go beyond the labor market and also affect family size and structure.
Impacts of Monetary-Fiscal Policy Interaction
Kaiji Chen, Haoyu Gao, Patrick Higgins, Daniel F. Waggoner, Tao Zha, Dec 02, 2020China’s 2009 stimulus presents an ideal case for exploring the impacts of monetary-fiscal interaction on credit allocation and investment. During this stimulus period, monetary stimulus itself did not favor SOEs over non-SOEs in credit access. Fiscal expansion, however, enhanced the monetary transmission to bank credit that was allocated to local government financing vehicles...
Competition and Quality: Evidence from High-Speed Railways and Airlines
Hanming Fang, Long Wang, Yang Yang, Aug 05, 2020This paper investigates whether competition spurs quality improvement using the entry of Beijing-Shanghai high-speed rail (HSR) as an exogenous increase in competition to affected flights to destination cities along the HSR line. We find that competition from the entry of HSR leads to significant reductions in the mean and variance of travel delays on the affected airline routes and that these improvements are mainly driven by reductions in departure delays and the duration of taxi-in time at the destination airport.
