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. We exploit a quasi-natural experiment in China, where dual-listed bonds are traded in two mostly segmented markets: the … shift in our study period, China's Central Bank included a class of previously ineligible bonds in the interbank market to …
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We construct housing price indices for 120 major cities in China in 2003-2013 based on sequential sales of new homes … trigger an imminent financial crisis in China, even though it may crash with a sudden stop in the Chinese economy and act as …
Persistent link: https://www.econbiz.de/10013023688
We quantify the causal impact of human mobility restrictions, particularly the lockdown of the city of Wuhan on January 23, 2020, on the containment and delay of the spread of the Novel Coronavirus (2019-nCoV). We employ a set of difference-in-differences (DID) estimations to disentangle the...
Persistent link: https://www.econbiz.de/10013309534
We study the labor markets in China and the United States, the two largest economies in the world, by examining the ….S., but decreased sharply from 55 to around 35 in China; second, the age-specific earnings grew drastically in China, but … the U.S., but differed substantially in China. We propose and empirically implement a decomposition framework to infer …
Persistent link: https://www.econbiz.de/10013311003
pension reforms on labor supply, individual welfare, and government budget for China’s basic old-age insurance program. We …
Persistent link: https://www.econbiz.de/10013225623
Entertainment and Travel Costs (ETC) is a standard expenditure item for Chinese firms with an annual amount equal to about 20 percent of total wage bills. We use this objective accounting measure as a basis to analyze the composition of ETC and the effect of ETC on firm performance. We rely on...
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