Higher compensation incentivizes workers to work additional hours and stay at the firm, while increased monitoring enhances work quality but also increases quitting by workers.
We examine how China’s recent wave of city-county mergers reshaped local labor markets. Using individual-level data from the China Migrants Dynamic Survey and a staggered difference-in-differences approach, we find that the reform boosted wages by strengthening local economies and improving governance...
Johns Hopkins University. (The views expressed are those of the authors and should not be attributed to Johns Hopkins University.)
Barriers to entry facing new firms are a major source of regional economic differences. Removing these barriers can play an important role in economic convergence and growth.
We study China’s extensive high-speed rail (HSR) expansions to address a key policy concern that large-scale transport infrastructure may undermine agriculture and food security. We find that HSR expansion facilitates the outflow of labor and land from agriculture, yet does not reduce agricultural output because productivity rises.