Trust is vital for market development, but how can trust be enhanced in a marketplace? A common view is that more trusting may help to build trust, especially in less developed economies. In this paper, we argue that more trusting may lead to less trust. We set up a rational expectation model in...

Using a large, unique dataset on the Chinese housing market, we propose to measure corruption using the price differences paid by bureaucrat buyers and non-bureaucrat buyers in the housing market. We find that the housing price paid by bureaucrat buyers is on average 1.05 percentage points lower...

The within-firm gender wage gap plays an important role in understanding the overall gender gap in the labor market. This paper describes how parenthood is associated with the within-firm gender gap using a unique personnel dataset from a large Chinese company. We find that the wage gap is small...