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Cash in the Darkness

Haohan Ren, Kemin Wang, Bohui Zhang, Fan Zhang, Jan 12, 2024

Relying on a large dataset on cash withdrawals of over 165 million bank cards from China, we find a higher ratio of cash withdrawals late at night is associated with criminal activity.

Environmentally Inclined Politicians and Local Environmental Performance:Evidence from Publicly Listed Firms in China

Hanming Fang, Honglin Ren, Danwen Song, Nianhang Xu, May 31, 2023

We investigate whether and how environmentally inclined politicians (EIPs), i.e., politicians with prior environment-related work experience, affect local environmental performance in China.

Employee Output Response to Stock Market Wealth Shocks

Teng Li, Wenlan Qian, Wei A. Xiong, Xin Zou, Sep 27, 2023

Exploiting individual-level data linking worker performance and stock investment, we show that a 10% increase in stock investment returns is associated with a decrease in the same investor’s work output by 3.8% in the following month.

Fertility and Delayed Migration: How Son Preference Protects Young Girls Against Mother–Child Separation

Zibin Huang, Xu Jiang, Ang Sun, Aug 14, 2024

In rural China, the son preference paradoxically reduces the likelihood of early mother-child separation for girls, while boys are more prone to such separation.

The Effect of the China Connect

Chang Ma, John Rogers, Sili Zhou, Aug 07, 2024

This article discusses that The China Connect not only introduced new learning channels by improving market efficiency, but also increased domestic firms' sensitivity to global shocks and revealed the policy trade-offs between efficiency and volatility in liberalization.