This study examines the impact of the prevalence of long-term equity-based CEO compensation incentives on GDP growth, and we address the moderating role of individualist versus collectivist cultures on this relationship. We argue long-term incentives given to CEOs in some firms may convey to...

Contents: Foreword -- Introduction -- 1. Accumulating human capital for sustainable development -- 2. Education bubble and widening inequality -- 3. Making education diversification reform happen -- 4. Turning around failing vocational high schools -- 5. Deteriorating skills and weak life-long...

Chapter 1 Introduction -- Chapter 2 Impact of the 2008 Financial Crisis -- Chapter 3 National Intellectual Capital Development of the Five Emerging European Countries -- Chapter 4 Beyond the 2008 Global Financial Crisis -- Chapter 5 Future Prospectives and Policy Implications.

This paper addresses the question of how bureaucratic incentives affect economic performance in China at the provincial level. This paper develops a novel model to measure promotion incentives of the Chinese provincial standing committee members from 1995 to 2015. Using machine learning...

This paper studies the rise of performance pay contracts and their aggregate effects on the labor market. First, using the Panel Study of Income Dynamics and National Longitudinal Survey of Youth, I document three patterns: (i) the share of performance pay workers grew from 15% in 1970 to 50% by...