This paper examines the early effects of dismantling the one-child (fertility) policy, which China relaxed in 2013 and eliminated prior to 2017. Birth rates, female labor force participation, and saving behavior have already changed. Between 2015 and 2017, the proportion of households with...

Why does Chinese informal financing develop so well? This study answers this question from the clan perspective by using the China Family Panel Studies (CFPS). Applying genealogy as the proxy variable of the clan, empirical results indicate the clan significantly promotes informal financing, and...

This paper proposes a brand-new measure of energy efficiency at household level and explores how it is affected by household access to credit. We calculate the energy intensity and carbon intensity of the related sectors, which experience a substantial decline from 2005 to 2019. Although there...

Over the past decade, the rapidly digitizing economy and expanding digital divide have attracted much attention in both academic and policy research. Access to computers and the Internet has become increasingly important in the digital age. This paper investigates the compounding impact of the...

In this study, we construct a set of monthly de jure indexes that measure the on-going changes in capital controls in 190 countries from 1999 to 2019. The information about policy changes on capital accounts is extracted from the International Monetary Fund’s Annual Report on Exchange...

This paper comprehensively examines how subjective well-being (SWB) is influenced by various aspects of housing — tenure, living conditions, and housing values — based on an individual panel from the China Household Finance Survey. We employ a two-way fixed effects model to reduce the...