Recent years have seen a sustained decline in the labor share around the world. This paper studies this trend by focusing on the effect of corporate income taxes on firm-level labor shares. From 2010 to 2013, the Chinese central government cut the corporate income tax rate in 21 cities for...

Declining maternal fertility desire has been recognized as a key factor in understanding China’s sharp drop in realized fertility. Using results from a nationally representative survey, this paper presents the first causal evidence on the relation between maternal education and fertility...

The COVID-19 pandemic has disrupted global trade and production. It has affected firms' operations directly and indirectly through their production networks. To cope with the crisis, many firms have allowed their employees to work from home. This study examines whether firms more exposed to the...