This paper studies the impacts of the 2018 U.S. tariff surges on export prices and adjustments of sales across different markets of Chinese exporters. The complete tariff passthrough result is robust to controlling for firm-related fixed effects. While firms’ exports to the U.S. dropped...

This paper investigates whether "natural" trade barriers of a country due to geography and other factors outside the country's control stimulate more or less policy barriers such as tariffs. Our theory predicts that the politician's relative weight on private benefits over social welfare in a...

Quality of public institutions has been recognized as a crucial determinant of macroeconomic outcomes. We propose that a country's intrinsic level of openness (due to population size, geography, or exogenous trade opportunities) affects its incentives in investing in better institutions. We...

This paper investigates the firm-level linkage between international finance and trade. We present evidence that firms respond to higher export shares by borrowing larger shares of debts in foreign currency. Crucially, we address the endogeneity concerns by capitalizing on South Korea’s and...

This paper investigates whether "natural" trade barriers of a country due to geography and other factors outside the country's control stimulate more or less policy barriers such as tariffs. Our theory predicts that the politician's relative weight on private benefits over social welfare in a...

It is widely recognized that African Americans have a higher level of mistrust for the healthcare system, which results in insufficient utilization of public health services, a higher likelihood of non-participation in clinical research, and a growing refusal to be immunized. The Tuskegee Study...

Using data from the National Longitudinal Survey of Youth 1979, we show that returns to wage growth of work experience for mothers are lower than those women with no child even when controlling for accumulated work experience and tenure. This is not fully explained by self-selection into...

This paper examines the impact of culture on industrial similarity during the trade liberalization process between 1998 and 2007. The identification strategy relies on the regional variation in exposure to trade and compares the industrial structures of pairs of adjacent counties that do or do...

This paper studies the causal effect of temperature on students’ time use for both college and high school students. Students substitute study time with leisure on days with extremely low and high temperatures. Extreme temperatures also have a noticeable heterogeneous effect on time allocation...

Using two waves of surveys (2019 and 2021) among Chinese economists with support from the Chinese Economists Society (CES), we capture a current profile of Chinese academic economists on their demographics, education, academic rank, wage, time use, research interests, and productivity. Our data...