A Bridge on Economic Issues between China and the World
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Can Information Influence the Social Insurance Participation of China’s Rural Migrants?
John Giles, Xin Meng, Sen Xue, Guochang Zhao, Apr 10, 2019We 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...
Human Mobility Restrictions and the Spread of the Novel Coronavirus (2019-nCoV) in China
Hanming Fang, Long Wang, Yang Yang, Jun 03, 2020We provide a rigorous examination of the causal impact of human mobility restrictions, particularly the lockdown of the city of Wuhan on January 23, 2020, on the containment and delay of the spread of the Novel Coronavirus (2019-nCoV) in China. We employ various difference-in-differences strategies to disentangle the lockdown effect on human mobility reductions from other confounding effects, including a panic effect, a virus deterrence effect, and a Spring Festival effect...
The Impact of Migration Controls on Urban Fiscal Policies and the Intergenerational Transmission of Human Capital in China
Holger Sieg, Chamna Yoon, Jipeng Zhang, Oct 07, 2020The study explores the impact of migration controls on urban fiscal policies and the intergenerational transmission of human capital accumulation in China. It shows that migrants provide large positive fiscal externalities to major cities. The study evaluates the feasibility and effectiveness of alternative migration policies that offer the potential of decreasing inequality within China, while at the same time promoting growth via increasing the aggregate level of human capital in the economy.
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.
Does Spatial Misallocation in China’s Housing and Land Markets Drive Up Housing Prices?
Yongheng Deng, Yang Tang, Ping Wang, Jing Wu, Mar 23, 2022We documented pervasive spatial misallocations in the housing and land markets in China. We find larger cities with more competitive land markets and strict land supply restrictions have fewer subsidies in housing sales, and consequently a higher housing price compared to its frictionless benchmark. Removing frictions brings welfare gain because more individuals live in larger cities.
