This paper estimates the monetary value of cutting PM2.5, a dominant source of air pollution in China. By matching hedonic happiness in a nationally representative survey with daily air quality data according to exact dates and locations of interviews in China, we are able to estimate the...

This paper studies the impact of six main air pollutants on three key dimensions of subjective well-being (SWB) - life satisfaction, hedonic happiness and mental health. We match a nationally representative survey in China with local air quality and rich weather conditions according to the exact...

While there is a large body of literature on the negative health effects of air pollution, there is much less written about its effects on cognitive performance for the whole population. This paper studies the effects of contemporaneous and cumulative exposure to air pollution on cognitive...

This short essay surveys recent literature on the competitive saving motive and its broader economic implications. The competitive saving motive is defined as saving to improve one's status relative to other competitors for dating and marriage partners. Here are some of the key results of the...

Participating in and presenting gifts at funerals, weddings, and other ceremonies held by friends and neighbors have been regarded as social norms in many parts of the world for thousands of years. However, due to the reciprocal nature of gift giving, it is more burdensome for the poor to take...