This paper investigates whether and how property tax limits impact female labor supply during the housing boom and bust. Theory predicts that property tax limits increase non-labor income during the housing boom and decrease non-labor income during the bust periods, leading to opposite effects...

This paper provides new evidence on the housing wealth effect on consumption using household panel data. A key advantage in studying the Chinese housing market is the absence of the collateral channel, as households are prohibited from withdrawing housing equity. The results show that for every...

This paper examines the causal effect of bank credit expansion on fertility by exploiting exogenous increases in bank credit supply generated by the U.S. interstate branching deregulation between 1994 and 2005. I employ both traditional and staggered difference-in-difference methods to estimate...