Using newly published house price data for a panel of countries from 1870 to 2012, we empirically identify the surge in house prices as a factor partly responsible for the global fertility transition. A variety of approaches— including fixed effects estimations, dynamic panel estimations,...

Using newly published house price data for a panel of countries from 1870 to 2012, we empirically identify the surge in house prices as a factor partly responsible for the global fertility transition. A variety of approaches— including fixed effects estimations, dynamic panel estimations,...

Transportation systems are critical to the sustainable development and economic vitality of cities. However, they are vulnerable to disruptions that can result from natural and man-made disasters as well as maintenance activities that may require temporary closure of road segments. Previous...

This paper first finds a clear pattern of child gender difference in family migration in China. Specifically, our estimates show that on average, the first child being a son increases the father's migration probability by 25.2 percent. We hypothesize that the family's competitive earning...

This paper bridges the financial market and the marriage market using a reference-dependent mechanism. Male-biased sex ratios induce families with sons to hold more risky assets, since competitive marital payment in a tight market raises the reference level of marriage expenditure for such...

This paper bridges the financial market and the marriage market using a reference-dependent mechanism. Male-biased sex ratios induce families with sons to hold more risky assets, since competitive marital payment in a tight market raises the reference level of marriage expenditure for such...