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Annual Conference

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Economic Transformation of Asia

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May 2017

Rationed Fertility: Theory and Evidence

Rufei GUO, Junjian YI, Junsen ZHANG
We analyze the effect of exogenous changes in fertility on child quality both at and off the unrestricted optimal fertility level in a general model with rationed fertility. Besides the price and substitution effects analyzed in the literature, we show that a desired fertility change, representing a...
Keywords: Rationed Fertility, quantity-quality trade-off, intrahousehold resource allocation
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Annual Conference

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Economic Transformation of Asia

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May 2015

Rising Intergenerational Income Persistence in China

Junsen ZHANG, Fan YI, Junjian YI
This study attempts to provide the first systematical analysis of the temporal patterns of crosssectional inequality and intergenerational mobility amid China’s economic transition and growth. First, we estimate the declining pattern of intergenerational mobility in income and education with respe...
Keywords: The Great Gatsby curve, cross-sectional inequality, intergenerational mobility
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