This study evaluates the impact of high-skilled immigrants on US technology formation. Specifically, we use reduced-form specifications that exploit large changes in the H-1B visa program. Fluctuations in H-1B admissions levels significantly influence the rate of Indian and Chinese patenting in...

Whether China's low fertility rate is the consequence of the country's strict population control policy is a puzzling question. This paper attempts to disentangle the Chinese population control policy's impacts on the fertility rate from socioeconomic factors using the synthetic control method...

Whether China's low fertility rate is the consequence of the country's strict population control policy is a puzzling question. This paper attempts to disentangle the Chinese population control policy's impacts on the fertility rate from socioeconomic factors using the synthetic control method...

Using all the data of options on the China 50 ETF, we study the pricing kernel monotonicity by adapting the recently proposed conditional density integration approach of Linn-Shive-Shumway (LSS). Methodologically, we improve LSS on several useful aspects and make its procedures applicable...