This paper analyses the determinants of earnings differentials among enterprises of different ownership in urban China in 1995, using an extended version of Oaxaca-Blinder decomposition methods. We find strong evidence of a non integrated multi-tiered labor market in China, pure...

We study how information disclosure affects financial intermediation when the payoff to the long-term investment is risky. The analysis is based on a business-cycle version of the bank run model wherein a bank provides risk sharing to demand depositors who experience unobservable shocks to their...

This paper analyzes the impact of market liberalization on gender earnings differentials and discrimination against women in urban China at the beginning of the 90s. The observed stability in the overall gender earnings gap between 1988 and 1995 is shown to result from a complex set of...

China introduced its stringent family planning policies from the early 1970s, known as the “Later, Longer, Fewer" policies, and followed it with the One-Child Policy from 1979. The number of children born to Chinese parents significantly decreased from 5.7 in late 1960s to 2.5 in 1988. In Chen...

On the eve of its economic reforms, China achieved a much higher level of secondary education than other countries with a similar per capita income at the time. This study investigates the pre-reform formation of China's human capital by examining a massive rural education expansion program...

Though the positive income gradient of child health is well documented in developed countries, evidence from developing countries is rare. Few studies attempt to identify a causal link between family income and child health. Utilizing unique longitudinal data from the China Health and Nutrition...

Using auxiliary internal cooling is an effective way to improve the dehumidification effectiveness of the liquid desiccant dehumidifier (LDD) compared with the adiabatic dehumidifier. Indirect evaporative cooling (IEC) is a promising solution for internal cooling owing to its high efficiency and...

We present a theory of anticompetitive exclusive dealing. In it, exclusive deals do not serve to disadvantage rivals or exclude them from the market. In equilibrium, it is often the case that multiple suppliers each form their own exclusive networks, with some downstream firms remaining...

We consider a dynamic model featuring two firms that test a regulator’s enforcement propensity through their misconduct and a regulator that disciplines them to build a reputation for strict enforcement. We show that when the regulator has full discretion over the enforcement criterion, peer...