This paper constructs a growth model that is consistent with salient features of the Chinese growth experience since 1992: high output growth, sustained returns on capital investments, extensive reallocation within the manufacturing sector, falling labor share and accumulation of a large foreign...

Intergenerational inequality and old-age poverty are salient issues in contemporary China. China's aging population threatens the fiscal sustainability of its pension system, a key vehicle for intergenerational redistribution. We analyze the positive and normative effects of alternative pension...

We estimate the effect on economic development of China's industrial policy, in particular, the establishment of Special Economic Zones (SEZ). We use data from a panel of 276 Chinese cities and prefectures from 1988 to 2010. Our difference-in-difference estimator exploits the variation in the...

This report is a comparative study of worldwide transfer costs to nine countries in Europe, Asia, and Africa, and specifically at costs for immigrants to send money from major sending countries including from the United States. It also compares these international trends with costs and trends of...

This report is a comparative study of worldwide transfer costs to nine countries in Europe, Asia, and Africa, and specifically at costs for immigrants to send money from major sending countries including from the United States. It also compares these international trends with costs and trends of...