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Full-Text Articles in Social and Behavioral Sciences
Chinese Household Saving And Dependent Children: Theory And Evidence, Steven Lugauer, Jinlan Ni, Zhichao Yin
Chinese Household Saving And Dependent Children: Theory And Evidence, Steven Lugauer, Jinlan Ni, Zhichao Yin
Economics Faculty Publications
This paper examines the impact of family size on household saving. We first study a theoretical life-cycle model that includes finite lifetimes and saving for retirement and in which parents care about the consumption by their dependent children. The model implies a negative relationship between the number of dependent children in the family and the household saving rate. Then, we test the model's implications using new survey data on household finances in China. We use the differential enforcement of the one-child policy across counties to address the possible endogeneity between household saving and fertility decisions in a two-stage least squares …
Did Dr-Cafta Affect The Exports Of The Dominican Republic To The United States?, Maria Ivanova Reyes Peguero, Asger V. Hansen
Did Dr-Cafta Affect The Exports Of The Dominican Republic To The United States?, Maria Ivanova Reyes Peguero, Asger V. Hansen
Economics Faculty Publications
This article evaluates the impact the Dominican Republic and Central America Free Trade Agreement (DR-CAFTA) had on the exports of the Dominican Republic (DR) to the United States. We estimate a gravity model for the DR exports to the 109 trade partners of the country from 1990 to 2014. This model quantifies the effect of the DR-CAFTA since 2007, when the agreement was ratified, and finds that the DR-CAFTA negatively affected DR exports to the US. We conduct further analysis of factors that could explain the decline in exports, in spite of the ratification of the agreement. We find that …
Micro-Data Evidence On Family Size And Chinese Household Saving Rates, Steven Lugauer, Jinlan Ni, Zichao Yin
Micro-Data Evidence On Family Size And Chinese Household Saving Rates, Steven Lugauer, Jinlan Ni, Zichao Yin
Economics Faculty Publications
This paper examines the impact of family size on household saving. We first study a theoretical life-cycle model that includes finite lifetimes and saving for retirement and in which parents care about the consumption by their dependent children. The model implies a negative relationship between the number of dependent children in the family and the household saving rate. Then, we test the model's implications using new survey data on household finances in China. We use the differential enforcement of the one-child policy across counties to address the possible endogeneity between household saving and fertility decisions in a two-stage …
Land Acquisition, Labor Allocation, And Income Growth Of Farm Households, Qingjiang Ju, Jinlan Ni, Debing Ni, Yu Wu
Land Acquisition, Labor Allocation, And Income Growth Of Farm Households, Qingjiang Ju, Jinlan Ni, Debing Ni, Yu Wu
Economics Faculty Publications
This article investigates how land acquisition during urbanization affects labor allocation decisions of farm households in China. We develop an agricultural household model by including land acquisition to examine its impacts on nonfarm labor participation and income. Two data sets (self-designed household surveys at Xingwen County in 2012 and the China Household Finance Survey (CHFS) data covering 29 provinces in 2013) are adopted for empirical analysis. The results find that land reduction has significantly positive effects on the probability and the share of family nonfarm labor allocation from both data sets. We also find that land acquisition increases the household …
Revealing The Political Decision Toward Chinese Carbon Abatement: Based On Equity And Efficiency Criteria, Jinlan Ni, Chu Wei, Limin Du
Revealing The Political Decision Toward Chinese Carbon Abatement: Based On Equity And Efficiency Criteria, Jinlan Ni, Chu Wei, Limin Du
Economics Faculty Publications
China's economic reform over the past 30 years has allowed the free market to drive economic development. However, government still plays a key role in the energy sector by allocating energy conservation and emissions abatement. How does the government make an equity decision as a tradeoff to market efficiency? This is an unanswered question. The purpose of this paper is to illustrate the government's preference toward equity and efficiency. Using the provincial level CO2 intensity allocation data, we investigate the political decision that the government made based on the equity and efficiency criteria. We find that the equity index plays …
The Choice Of Technology And Equilibrium Wage Rigidity, Haiwen Zhou
The Choice Of Technology And Equilibrium Wage Rigidity, Haiwen Zhou
Economics Faculty Publications
In this general equilibrium model, firms engage in oligopolistic competition and choose increasing returns technologies to maximize profits. Capital and labor are the two factors of production. The existence of efficiency wages leads to unemployment. The model is able to explain some interesting observations of the labor market. First, even though there is neither long-term labor contract nor costs of wage adjustment, wage rigidity is an equilibrium phenomenon: an increase in the exogenous job separation rate, the size of the population, the cost of exerting effort, and the probability that shirking is detected will not change the equilibrium wage rate. …
Regional Allocation Of Carbon Dioxide Abatement In China, Chu Wei, Jinlan Ni, Limin Du
Regional Allocation Of Carbon Dioxide Abatement In China, Chu Wei, Jinlan Ni, Limin Du
Economics Faculty Publications
https://doi.org/10.1016/j.chieco.2011.06.002