We consider large, permanent shocks to individual occupations whose arrival date is uncertain. We are motivated by the advent of self-driving trucks, which will dramatically reduce demand for truck drivers. Using a bare-bones overlapping generations model, we examine an occupation facing...

Hukou, China's household registration system, affects access to public services and signals the strength of a person's local social network, guanxi. We use a collective model and data on household consumption and spouses' hukou status to show that hukou plays a crucial role in determining...