In this study, we explore a 2013 policy shock that relaxed the One-Child Policy in China: couples were permitted to have two children if one parent is an only child. Exploiting employer-employee matched data encompassing 5.4 million employees in a major city, we show that after the policy shock...

In this paper, we investigate the determinants of household asset portfolios during the COVID-19 outbreak in China. Using an online longitudinal survey and focusing on a broad spectrum of assets, including stocks, gold, wealth management products, and houses, we show that more confirmed COVID-19...

We study the disguised pollution of industrial firms in China. We find that sulfur dioxide (SO2) readings increase by 15.9% in monitoring stations after sunset in high factory density areas, controlling for station-day and city-hour fixed effects. Physical inspections by the Ministry of...

In this study, we exploit a policy shock that differentially increased capital gains taxes for housing units with holding period less than 5 years, and document tax avoidance and tax evasion in the residential resale market in China. We show suggestive evidence that after the capital gains tax...

In this study we investigate disguised pollution by industrial firms in China. We find that sulfur dioxide (SO2) readings increase by 10.8% in monitoring stations after sunset in high factory density areas, controlling for station-year and city-hour fixed effects. Physical inspections by the...

This paper investigates the relationship between temperature and hospitalization in China. Using inpatient visit claims of two major public insurance schemes covering 47 cities in 28 provinces for three years, we see a 7.3% increase in hospital admissions on days on which the average temperature...

Lockdown policy and case disclosure during the COVID-19 pandemic can influence human behavior and health outcomes. We investigate how individuals' daily dietary patterns were affected by the lockdown policy and the case disclosure in Singapore during the COVID-19 pandemic. Employing a large...

There are widespread concerns that the ongoing COVID-19 pandemic leads to negative attitudes or even stigmatization, especially towards peoples and products from the epicenters. We study the effects of information treatments on partially mitigating the negative impacts such as stigmatization on...