This study investigates a causal relationship between the adoption of the Closer Economic Partnership Arrangement (CEPA) trade liberalization policy and the average wage by exploiting long-term Hong Kong census data from 2001 to 2016. The individual-level analysis shows that the one-sided tariff...

As COVID-19 is pervasive in the globe, governments in different countries face a dilemma between restricting the transmission risk of the virus by social distancing and maintaining economic activities. Inadequate social distancing policies lead to more infected cases and deaths, while some...

This study investigated government speculation on spillover effect in the housing market based on a quasi-experiment related to the house purchase restriction (HPR) policy in China. Using a difference-in-differences research method and the HPR policy applying between 2016 and 2017 in China, this...

The study applies an endogenous switching probit model, using the data from the China Household Finance Survey (CHFS). Not only does it explore the joint decision mechanism between housing purchase and entrepreneurship, but also the (treatment) effect of housing-purchase on entrepreneurship. The...

The paper estimates how parents adjust bride-prices and land divisions to compensate their sons for differences in their schooling investments in rural China. The main estimate implies that when a son receives one yuan less in schooling investment than his brother, he will obtain 0.7 yuan more...