Main description: Over 630 million Chinese escaped poverty since the 1980s, the largest decrease in poverty in history. Studying 700 manufacturing firms in the Yangzi region, the authors argue that the engine of China’s economic miracle—private enterprise—did not originate at the top but...

McDonald and Moffitt's (1980) decomposition method for Tobit coefficients disaggregates the total changes in a censored outcome variable into the changes in the probability of attaining noncensored values and the changes in the noncensored values themselves. McDonald and Moffitt, however, did...

This paper examines how the rise of a market economy in urban China redefines the rules governing economic activities and affects on earnings inequality. We identify three causal mechanisms linked to institutional change that are transforming the firm's employment practices: the higher marginal...