Purpose This paper aims to identify, evaluate and integrate the findings of all relevant and
high-quality individual studies addressing one or more research questions about …

We combine national accounts, surveys, and new tax data to study the accumulation and
distribution of income and wealth in China from 1978 to 2015. The national wealth-income …

In many models, economic growth is driven by people discovering new ideas. These models
typically assume either a constant or growing population. However, in high income countries …

Much of macroeconomics is concerned with the allocation of physical capital, human capital,
and labor over time and across people. The decisions on savings, education, and labor …

China's housing prices have been growing nearly twice as fast as national income over the
past decade, despite a high vacancy rate and a high rate of return to capital. This paper …

This article documents a rapid shift toward services (tertiarization) of the Chinese economy
since 2005, as evidenced by the significant increase in both employment and value-added …

This paper studies how demographic variation affects the aggregate household saving rate.
We focus on China because it is experiencing an historic demographic transition and has …

This article is based on the presidential address delivered at the EEA Annual Congress
2016. It discusses China's institutional and economic transformation through the lens of the …

A general equilibrium model that properly captures the risks in old age, the role of family
insurance, changes in demographics, and the productivity growth rate is capable of …

There is great debate surrounding the demographic impact of China's population control
policies, especially the one-birth restrictions, which ended only recently. We apply an …