Annual Conference

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Economic Transformation of Asia, Senior Fellows/Fellows

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May 2017

Government Employment Guarantee, Labor Supply and Firms Reaction: Evidence from the Largest Public Workfare Program in the World

Sumit AGARWAL, Shashwat ALOK, Prasanna TANTRI, Yakshup CHOPRA
Using establishment-level data, we examine the impact of the Indian government’s employment guarantee program on labor and firm behavior. We exploit the staggered implementation of the program for identification and find that the program led to a 10% reduction in the permanent workforce in firms. ...
Keywords: Workfare, Labor Markets, Labor Supply, Labor Scarcity, Capital Investments, Labor and Finance, Labor-Technology Substitution, firm performance, MNREGA, NREGS, NREGA
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Annual Conference

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Economic Transformation of Asia

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May 2019

Government Credit and Trade War

Hong RU, Endong YANG, Yong LIU, Jinlu FENG, Ning CAI
By merging transaction-level trade data from China Customs and loan data from the China Development Bank (CDB), we analyze the effects of government credit on trade activities. We find that CDB credit mainly flows to SOEs in strategic industries at the top of the supply chain. These up-stream loans ...
Keywords: government credit, Export, supply chain, trade war
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Annual Conference

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Accounting

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May 2022

Governance Externalities of Climate-Related Disclosures: Evidence from Facility Emissions

Young Jun CHO, Jungbae KIM, Holly YANG
We examine governance externalities of a geographic peer’s climate-related disclosures on local emissions. We expect a firm’s local plants to emit a lower amount of greenhouse gases when its geographic peer provides climate-related disclosures and attracts local attention to environmental issues...
Keywords: Disclosure, Emissions, Governance, Peer effects, Geography, Sustainability
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Annual Conference

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Real Estate and Urban Economics

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May 2024

Gone with the Flood: Natural Disasters, Selective Migration, and Media Sentiment

Yi FAN, Qiuxia GAO, Yinghao Elliot SITOH, Wayne Xinwei WAN
Exploiting variations in flood timing from the United States as a quasi-natural experiment, this study shows that floods cause population replacement in affected regions with 1.9% inflow and 2.7% outflow migration, respectively. They trigger younger, highly educated, and employed residents out of, a...
Keywords: Flood, migration, media sentiment, population replacement, residential location choice
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Annual Conference

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Trade, Growth and Development, Senior Fellows/Fellows

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May 2021

Golden Ages: A Tale of Two Labor Markets

Hanming FANG, Xincheng QIU
We document stark differences in the labor market outcomes between the U.S. and China, the largest two economies in the world, during the past 30 years. (1) The peak age in cross-sectional age-earnings profiles stays constant at around 45- 50 years old in the U.S. but decreases sharply from 55 to 35...
Keywords: Age-Earnings Profiles, Human capital, Life Cycle
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