In this ongoing project, we investigate how the COVID-19 epidemic affects the IT labor market, and, accordingly, how organizations choose to hire IT employees in the current situation. Using a quarterly dataset of 30,678 IT job postings from a large online employment website, we perform...

There has been rapid growth in on-demand ride-hailing platforms that serve as an intermediary to match individual service providers (drivers) with consumer demand (riders). Several major players of this market have introduced carpool services that allow passengers heading towards the same...

We study the effect of domestic tax on firms' outward foreign direct investment (OFDI) decisions. We exploit a policy change in China that unifies corporate income tax rates through raising foreign firms' but reducing domestic firms' tax rates. Using a difference-in-differences estimator that...

Purpose – With the acceleration of global integration and the deepening of the market economy, sustainable development is receiving unprecedented attention worldwide. Corporate environmental, social, and governance (ESG) performance is one of the most important ways of promoting sustainable...

What drives some households to take risks and hold financial instruments while others don’t? We document the extent to which overconfidence plays a role in households’ reported financial risk aversion and their actual investment behavior, using data from the China Household Finance Survey....

Since the Eurozone Crisis of 2010-12, a critical debate on the viability of a currency union has focused on the role of a fiscal union in adjusting for country heterogeneity. However, a fully-fledged fiscal union may not be politically feasible. This paper develops a two-country general...