Quantifying the probability of U.S. recessions has become increasingly important since August 2007. In a data-rich environment, this paper is the first to apply a Probit model to common factors extracted from a large set of explanatory variables to model and forecast recession probability. The...

Summary This study provides micro-level evidence on the close link between foreign participation and wage inequality. We investigate the wage premium and the wage spillover effect of foreign-invested enterprises in the Chinese manufacturing sector. The results indicate a significant foreign...

This paper uses an enterprise-population-level dataset to investigate the link between globalization and gender inequality in the Chinese labor market. We find that foreign and exporting firms employ more female workers than domestic nonexporters. Foreign participation and export orientation...