In this paper I examine the impact of firms' political connectedness on firm performance in private listed Chinese firms in the manufacturing sector, exploiting a policy shock, that is, the 4-trillion-yuan ($586-billion) economic stimulus plan in 2009 in response to the 2008 financial crisis. I...

I study the long-term impact of class identity (chengfen) on individuals' income and households' wealth in urban China using Chinese Household Income Project (CHIP) data. Chinese government launched movements to make income and consumption in cities substantially homogeneous and assigned an...

In this paper I study whether social capital has an effect on household decisions to participate in Rotating Labor Associations (ROLAs) in rural China. I find that households in communities with higher levels of social capital are more likely to participate in ROLAs using household data...

The paper was prepared by John F. Helliwell, Haifang Huang, Shawn Grover and Shun Wang in collaboration with Mario Marcel, Martin Forst and Tatyana Teplova. This paper has three main objectives. The first is to review existing studies of the links between good governance and subjective...