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Commentaries

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Senior Fellows/Fellows, 2020, Pandemic

Containing the Virus or Reviving the Economy? Evidence from Individual Expectations During the Covid-19 Epidemic

Keyang LI, Yu QIN, Jing WU, Jubo YAN
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Senior Fellows/Fellows

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Senior Fellows/Fellows, Pandemic

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May 2020

Containing the Virus or Reviving the Economy? Evidence from Individual Expectations During the COVID-19 Epidemic

Keyang LI, Yu QIN, Jing WU, Jubo YAN
How does an epidemic affect individuals’ expectations on economic prospects? Do people care more about containing the disease or sustaining normal economic activities during the epidemic? We implement an incentivized longitudinal online survey on economic expectations with randomized controlled tr...
Keywords: COVID-19, Expectation, Longitudinal Survey, RCT
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Annual Conference

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Real Estate and Urban Economics, Senior Fellows/Fellows

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May 2019

Tax Evasion, Capital Gains Taxes, and the Housing Market

Jing WU, Sumit AGARWAL, Keyang LI, Qin YU, Jubo YAN
In this paper, we exploit a policy shock that differentially increased capital gains taxes for some residential property sellers and document tax evasion in the residential resale market in China. Having precise information of the transaction price and the reported price to the tax authority, we sho...
Keywords: Tax evasion, capital gains tax, housing market, housing policy
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