This paper offers new causal evidence on how the timing of prenatal temperature shocksaffects fetal health, sex ratio at birth, and infant mortality. Analyzing data on nearly 2million live births from sub-Saharan African countries and exploiting exogenous spatialand temporal variation in monthly...

This paper empirically examines the effect of population growth on real interest rates. Although this effect is well founded in macroeconomic theory, the corresponding empirical results have been rather tenuous. Demographic interest rate theories are typically based on long-term relationships...

What are the economic consequences to U.S. natives of the growing diversity of American cities? Is their productivity or utility affected by cultural diversity as measured by diversity of countries of birth of U.S. residents? We document in this paper a very robust correlation: US-born citizens...

In this paper, we use provincial panel data on China for the 2002-19 period to conduct a spatial autocorrelation analysis of household saving rates as well as a dynamic panel analysis of the determinants of household saving rates using a spatial Durbin model. To summarize our main findings, we...

Modern economic growth is featured by rapid structural changes. In most of the industrialized countries, rising service sector is accompanied by aging population. While the young generation are more mobile and supply labor to the rising service sector, middle-aged also provide savings/capital to...