This paper uses the 2011 China Household Finance Survey data to estimate the effect of change in housing value on homeowners' labor force participation. Using the average housing capital gains of other homes in the same community as an instrument for the housing capital gains of a given...

This paper develops a new approach for measuring the stringency of a major form of land-use regulation, building-height restrictions, and it applies the method to an extraordinary dataset of land-lease transactions from China. Our theory shows that the elasticity of land price with respect to...

In Chinese cities, migrants with rural hukou, compared to residents with local urban hukou, face more uncertainty, have limited access to mortgage finance, and are less eligible for low-cost housing. A simple model demonstrates that for these reasons, rural- to-urban migrants are less likely to...

Finding suitable employment in a city is more challenging for married than unmarried migrants. This paper provides empirical evidence that the denser and more diversified labor markets in large cities help alleviate the colocation problem of married couples. Using data from China, we show that...

We examine the effect of a large-scale administrative reorganization in China, where counties are annexed into cities to accommodate urban growth. We present a simple model to illustrate how this annexation may affect firm entry decisions and in turn land market outcomes. Using nationwide data...

Rural-urban migrants in China appear to prefer nearby destination cities. To gain a better understanding of this phenomenon, we build a simple model in which migrants from rural areas choose among potential destination cities to maximize utility. The distance between a migrant's home village and...

We analyze a large sample of participants in mixed-gender Rubik's Cube competitions. Focusing on participants who barely made or missed the cut for the second round in a competition, we examine their likelihood of joining another competition in the future. We find a significant gender...

Little is known about why cohabiting couples have fewer children than married couples. Weexplore the factors that explain the difference in fertility between these two groups using aswitching regression analysis, which enables us to quantify the contribution of differentfactors through a...

Academic entrepreneurship has become an increasingly important channel through whichuniversities contribute to economic development. This paper studies academic entrepreneursusing a comprehensive venture capital database...