The twenty-five years after WW 2 witnessed strong labour market institutions and beneficial labour market outcomes - high wage growth and integration of low-skilled immigrants. Then came the macro shocks of the mid 1970s. Labour market outcomes deteriorated as full-time employment population...

In the past 15 years around 160 million Chinese rural workers migrated to cities to work. Because of restrictions on migrant access to local health and education system a large cohort of migrant children are left-behind in rural villages and growing up without parental care. This paper examines...

We characterize the optimal bidding strategies of local and global bidders for two heterogenous licenses in a multi-unit simultaneous ascending auction. The global bidder wants to win both licenses to enjoy synergies; therefore, she bids more than her stand-alone valuation of a license. This...

We analyze the optimal reserve price in a second price auction when there are N types of bidders whose valuations are drawn from different distribution functions. The seller cannot determine the specific type of each bidder. First, we show that the number of bidders affects the reserve price....

In the laboratory experiment reported in this paper we explore how evolving institutions and social norms, which we label 'culture', change individuals' preferences and behaviour in mainland China. From 1949 China experienced dramatic changes in its socio-economic institutions. These began with...

Between 1966 and 1976, China experienced a Cultural Revolution (CR). During this period, the education of around 17 birth cohorts was interrupted by between 1 and 8 years. In this paper we examine whether, and by how much, this large-scale schooling interruption affected their children's...

Over the past two decades, more than 160 million rural residents have migrated to cities in China. They are usually separated from their rural families and work in an unfamiliar, and sometimes hostile, city environment. This paper investigates to what extent city social networks alleviate mental...

This paper analyses the relation between individual migrations and the risk attitudes of other household members when migration is a household decision. We develop a simple model that implies that which member migrates depends on the distribution of risk attitudes among all household members,...

Social scientists have long been interested in the effects of social-political upheavals on a society subsequently. A priori, we would expect that, when traumas are brought about by outsiders, within-group behaviour would become more collaborative, as society unites against the common foe....

Over the past two decades, more than 160 million Chinese rural workers have migrated to cities to work. They are separated from their familiar rural networks to work in an unfamiliar, and often hostile environment. Many of them thus face significant mental health challenges. This paper is the...