The theoretical literature argues that labor markets outcomes are affected by real minimum wages. Real minimum wages, however, co-move with the business cycle; their correlation with labor market outcomes should therefore not be interpreted causally. We employ structural vector autoregression to...

This paper investigates the relationship between parental health shocks and fertility decisions in China, utilizing a longitudinal dataset of Chinese households. We find that parental health shocks significantly delay the reproductive age and decrease the desire for additional children among...

Do generations growing up during recessions have different socio-economic beliefs than generations growing up in good times? We study the relationship between recessions and beliefs by matching macroeconomic shocks during early adulthood with self-reported answers from the General Social Survey....