Probabilistic forecasts such as quantiles are essential inputs to decision-making under uncertainty. The most common type of forecasts often comes in the form of point forecasts, and it is therefore necessary for the decision maker to construct uncertainty measures around the obtained point...

We estimate selection and sorting effects on the evolution of the private return to schooling for college graduates during China's between 1988 and 2002. We pay special attention to the changing role of sorting by ability versus budget-constraint effects as China's education policy has changed...

Developing and fast-growing economies have some of the worse air pollution in the world, but there is a lack of systematic evidence on the health especially morbidity impact of air pollution in these countries. Based on the universe of credit and debit card transactions in China from 2013 to...

This study tests the impact of banking sector reform and competition on bank stability based on the unbalanced data from 14 transition countries during the period from 1998 to 2016. The initial results not only highlight the positive relationship between the market power and bank fragility, but...

Like most other developing countries, China experiences huge migration outflows from rural areas. Their most striking characteristic is a high geographical and temporal mobility. Rural migrants keep going back and forth between origin villages and destination areas. In this paper, we show that...