Female post-childbirth labor market participation and labor intensity are extraordinarily high in China, given that public childcare subsidies are limited and supportive policies for childbearing female employees are largely absent. Establishing a panel dataset that tracks female employment and...

This paper investigates how government-led banking liberalization affects credit allocation by banks using as a quasi-natural experiment the establishment of city commercial banks (CCBs) in China. Based on more than three million corporate financial statements spanning over 16 years, we find...

This paper considers the role of grandparental childcare in China's extraordinarily high female la-bor-market participation rate. Indeed, the high female labor-market participation and low labor-income penalty for childbirth is all the more remarkable given the lack of public subsidies for...