Using 1987, 1996, and 2004 data, we show that the gender pay gap in the Chinese urban labor market has increased across the wage distribution, and the increase was greater at the lower quantiles. We interpret this as evidence of the “sticky floor” effect.We use the reweighting and recentered...

Using the nationwide household data, this study examines the changes in the Chinese urban income distributions from 1987 to 1996 and from 1996 to 2004, and investigates the causes of these changes. The Oaxaca-Blinder decomposition method is applied to decomposing the mean earnings increases, and...

In contrast to the United States and European countries, China has witnessed a widening gender pay gap in the past two decades. Nevertheless, the size of the gender pay gap could still be underestimated as a result of not accounting for the low-wage women who have dropped out of the labor force....

The additive model overcomes the "curse of dimensionality" in general nonparametric regression problems, in the sense that it achieves the optimal rate of convergence for a one-dimensional smoother. Meanwhile, compared to the classical linear regression model, it is more flexible in defining an...

Electricity industry is important for our society and the nation's economic strength, and this dissertation includes two important topics in the industry: electricity market auctioning, and short-term load forecasting. In the first part of this dissertation, an optimization algorithm to solve...

This dissertation examines how households should optimally allocate their portfolio choices between risky stocks and risk-free bonds over their lifetime. Traditional lifecycle models in previous work with normal-distributed stock returns suggest that the allocation toward stocks should start...

Air quality is an important amenity that affects the labor supply to a local economy while regulations aiming at improving it can be costly and consequently reduce the local labor demand. This article studies how air quality and its regulation respectively and jointly affect the local economy...

This paper examines the impact of environmental regulations on the local labor markets by exploiting China's first air pollution regulation as a natural experiment. The identification strategy uses a new instrumental variable proposed based on engineering considerations related to polluting...

In den vergangenen Jahren ist die Untersuchung des Risikomanagements vom Baselkomitee angeregt, um die Kredit- und Bankwesen regelmäßig zu aufsichten. Für viele multivariate Risikomanagementmethoden gibt es jedoch Beschränkungen von: 1) verlässt sich die Kovarianzschätzung auf eine...