China's national saving rate rose rapidly in the 2000s after declining through the late 1990s. These dynamics are not readily explained by the precautionary motive, the institutional distribution of income, or reform related processes in general. Rather, we find a compelling explanation lies...

Two types of wage reform are analyzed in this study-- bonuses, which were originally paid to workers on an individualized basis out of a fixed enterprise fund, and profit-sharing, which linked worker wages in a more egalitarian fashion to team or enterprise performance. We test for the...

Two approaches to reform of agricultural prices in China are compared, one involving a two-tier combination of plan and market pricing, the other relying on land rent to recoup the tax on agriculture implicit in the two-tier system. The principal finding is that given the Chinese government's...