- German Long-Term Health Insurance: Theory Meets Evidence
(with Juan Pablo Atal, Martin Karlsson, and Nicolas R. Ziebarth), forthcoming, Journal of Political Economy, July 2024.
Online Appendix.
- The State of Mental Health Among Older Chinese and the Role of Children
(with Yi Chen), forthcoming, 2024, Japanese Economic Review.
- Chinese Insurance Markets: Developments and Prospects
(with Xian Xu), November 2023.
forthcoming, Handbook of Insurance, third edition, edited by Georges Dionne, Springer.
- Confidence Management in Tournaments
(with Shanglyu Deng, Qiang Fu and Zenan Wu), November 2023, Journal of Economics & Management Strategy.
- Where is China’s Economy Headed?, November 2023.
Published in Building a More Resilient US Economy, edited by Melissa S. Kearney, Justin Schardin, and Luke Pardue, Aspen Economic Strategy Group.
- Measurements, Determinants, Causes and Consequences of Corruption: Lessons from China’s Anti-Corruption Campaign, September 2023, International Tax and Public Finance.
- Delay the Pension Age or Adjust the Pension Benefit? Implications for Labor Supply and Individual Welfare in China
(with Yuanyuan Deng, Katja Hanewald and Shang Wu), 2023, Journal of Economic Behavior & Organization. -
“Golden Ages”: A Tale of the Labor Markets in China and the United States
(with Xincheng Qiu), 2023, Journal of Political Economy: Macroeconomics. -
Window Dressing in the Public Sector: Evidence from China’s Compulsory Education Promotion Program
(with Chang Liu and Li-An Zhou), 2023, Journal of Public Economics. -
Family Companionship and Elderly Suicide: Evidence from Chinese Lunar New Year
(with Ziteng Lei, Liguo Lin and Peng Zhang), Journal of Development Economics, January 2023.
- Competition and Quality: Evidence from High-Speed Railways and Airlines
(with Long Wang and Yang Yang), forthcoming, Review of Economics and Statistics, October 2022.
Online Appendix. -
Political Survival, Local Accountability, and Long-Term Development: Evidence from an Authoritarian Country
(with Linke Hou, Mingxing Liu, Colin Lixin Xu and Pengfei Zhang), Journal of Comparative Economics, October 2022.
Previously circulated as: “Factions, Local Accountability, and Long-Term Development: Theory and Evidence”
- Firms and Local Governments: Relationship Building during Political Turnovers
(with Zhe Li, Nianhang Xu and Hongjun Yan), forthcoming, Review of Finance, May 2022.
Replaces an earlier version titled
In the Shadows of the Government: Relationship Building During Political Turnovers
Online Appendix is here.
- The Affordable Care Act After a Decade: Its Impacts on the Labor Market and the Macro Economy
(with Dirk Krueger), Annual Review of Economics, August 2022.
- Police Frisks
(with David Abrams and Priyanka Goontilleke), American Economic Review Papers and Proceedings, May 2022.
- Trends in Disenrollment and Reenrollment Within US Commercial Health Insurance Plans, 2006-2018
(with Molly Frean, Gosia Sylwestrzak, and Benjamin Ukert), JAMA Network Open, February 24, 2022.
- COVID-19: The Impact On The Economy And Policy Responses: A Review in “COVID-19 Impacts and Policy Options Ahead: An Asian Perspective”, Asian Development Bank.
- The Long-Term Consequences of China’s “Later, Longer, Fewer” Campaign in Old Age
(with Yi Chen), Journal of Development Economics, Vol. 151, 2021, 102664.
Replacing the previous version: The Long-Term Consequences of Having Fewer Children in Old Age: Evidence from China’s “Later, Longer, Fewer” Campaign
September 2018.
NBER Working Paper 25041. -
Why Do Life Insurance Policyholders Lapse? The Roles of Income, Health and Bequest Motive Shocks
(with Edward Kung), Journal of Risk and Insurance, 2021.
An earlier version appeared as NBER Working Paper No. 17899.
This research was supported by NSF Grant SES-0844845.
Winners of the American Risk and Insurance Association’s Robert C. Witt Award (2022) for the best article published in the Journal of Risk and Insurance in 2021.
- Human Mobility Restrictions and the Spread of the Novel Coronavirus (2019-nCoV) in China
(with Long Wang and Yang Yang), Journal of Public Economics, Vol. 191, 2020, 104272.
Old version: March 21, 2020
LDI summary of the findings is here.
- Life Insurance and Life Settlement Markets with Overconfident Policyholders
(with Zenan Wu), Journal of Economic Theory, Volume 189, 2020, 105093.
This research was partially supported by NSF Grant SES-0844845.
- Detecting Potential Overbilling in Medicare Reimbursement via Hours Worked: Reply
(with Qing Gong), American Economic Review, December 2020.
Online Appendix is here.
- Equilibrium Labor Market Search and Health Insurance Reform
(with Naoki Aizawa), Journal of Political Economy, November 2020.
This paper also appeared as NBER Working Paper No. 18698.
This research was supported by NSF Grant SES-0844845.
- Is There a Demand for Reverse Mortgages in China? Evidence from Two Online Surveys
(with Katja Hanewald, Hazel Bateman, and Shang Wu), January 2019. Journal of Economic Behavior & Organization, Volume 169, Pages 19-37, January 2020.
Online Appendix is here.
This paper also appeared as NBER Working Paper No. 25491.
- Gradients of Power: Evidence from the Chinese Housing Market
(with Quanlin Gu and Li-An Zhou), first draft, April 2014; this draft, May 2019, Journal of Public Economics, Volume 176, Pages 32-52, August 2019.
This paper also appeared as NBER Working Paper No. 20317.
- The Chinese Pension System
(with Jin Feng), September 2018, forthcoming, Handbook of the Chinese Financial Markets, edited by M. Amstad, Guofeng Sun and Wei Xiong, Princeton University Press.
NBER Working Paper 25088.
- Life Insurance and Life Settlements: The Case for Health-Contingent Cash Surrender Values
(with Edward Kung), This version, January 2018, Journal of Risk and Insurance,Volume 87, Issue 1, Pages 7-39, March 2020.
This supersedes an earlier version titled “How Does Life Settlement Affect the Primary Life Insurance Market?
(NBER Working Paper 15761)
This research was supported by NSF Grant SES-0844845.
- Multidimensional Private Information, Market Structure and Insurance Markets
(with Zenan Wu), Rand Journal of Economics, 49(3), pages 751-787, 2018.
An online appendix is here.
This research was partially supported by NSF Grant SES-0844845.
- Exit, Voice or Loyalty? An Investigation into Mandated Portability of Front-Loaded Private Health Plans
(with Juan Pablo Atal, Martin Karlsson and Nicolas R. Ziebarth), Journal of Risk and Insurance, Vol 86(3), pages 697-727, September 2019.
This also appeared as NBER Working Paper No. 23468.
- Detecting Potential Overbilling in Medicare Reimbursement via Hours Worked
(with Qing Gong), American Economic Review, February, 2017.
An online appendix with supplemental material is here.
This research was supported by NSF Grant SES-1122902.
- Demystifying the Chinese Housing Boom
(with Quanlin Gu, Wei Xiong and Li-An Zhou), in NBER Macro Annual (Volume 30), pages 105-166, edited by Martin Eichenbaum and Jonathan Parker. This draft: April 2015.
This paper also appeared as NBER Working Paper No. 21112.
The paper is discussed in a voxEU column (May 27, 2015).
Please email me if you would like to receive the data set of the housing price indices.
- An Experimental Study of Alternative Campaign Finance Systems: Transparency, Donations and Policy Choices
(with Dmitry Shapiro and Arthur Zillante), Economic Inquiry, Volume 54, Issue 1, pages 485-507, January 2016.
An earlier version appeared as NBER Working Paper No. 17384.
- Testing for Racial Prejudice in the Parole Board Release Process: Theory and Evidence
(with Shamena Anwar), Journal of Legal Studies, Vol. 44, No. 1, 1-37, January 2015.
This paper also appeared as NBER Working Paper No. 18239.
This research was supported by NSF Grant SES-1122902.
- Estimating Dynamic Discrete Choice Models with Hyperbolic Discounting, with an Application to Mammography Decisions
(with Yang Wang), International Economic Review, Vol. 56, No. 2, 565-596, May 2015.
An online appendix is here.
An earlier version appeared as NBER Working Paper No. 16438.
This research was supported by NSF Grant SES-0844845.
- Insurance Markets for the Elderly
Prepared for Handbook of Economics of Population Ageing, edited by John Piggott and Alan Woodland.
First draft, January 2014. This draft, September 24, 2014.
This research was supported by NSF Grant SES-0844845.
- The Effect of Microinsurance on Economic Activities: Evidence from a Randomized Field Experiment
(with Hongbin Cai, Yuyu Chen and Li-An Zhou), Review of Economics and Statistics, Vol. 97, No. 2, Pages 287-300, May 2015.
An earlier version appeared as NBER Working Paper No. 15396.
- Separate When Equal? Racial Inequality and Residential Segregation
(with Patrick Bayer and Robert McMillan), Journal of Urban Economics Volume 82, July 2014, Pages 32–48
An earlier version appeared as NBER Working Paper No. 11507.
- Inference of Bidders’ Risk Attitudes in Ascending Auctions with Endogenous Entry
(with Xun Tang), Journal of Econometrics, Vol. 180, No. 2, June 2014, 198-216.
An online appendix is here.
An earlier version appeared as NBER Working Paper 19435.
- Toward an Efficiency Rationale for the Public Provision of Private Goods
(with Peter Norman). Economic Theory, Volume 56, Issue 2, June 2014, 375-408.
Appendix: Omitted Details for Some Derivations
An earlier version appeared as NBER Working Paper 13827.
- Insurance Markets in China
Entry in The Oxford Companion to the Economics of China (Oxford University Press)
edited by Shenggen Fan, Ravi Kanbur, Shang-Jin Wei and Xiaobo Zhang, 2013.
- Testing for the Role of Prejudice in Emergency Departments Using Bounceback Rates
(with Shamena Anwar). The B.E. Journal of Economic Analysis & Policy, Vol. 13: Issue 3 (Advances), Article 4, 2012.
An earlier version appeared as NBER Working Paper No. 16888.
This research was supported by NSF Grant SES-1122902.
- Dynamic Inefficiencies in an Employment-Based Health Insurance System: Theory and Evidence
(with Alessandro Gavazza), American Economic Review, Vol 101, No. 7, December 2011, 3047-3077.
An online appendix with omitted details is here.
An earlier version appeared as NBER Working Paper 13371
- Does Affirmative Action Lead to Mismatch? A New Test and Evidence
(with Peter Arcidiacono, Esteban M. Aucejo and Kenneth I. Spenner), Quantitative Economics, No. 2, November 2011, 303–333.
An online appendix with omitted details is here.
An earlier version appeared as NBER Working Paper 14855.
[Media coverage at Inside Higher Education]
- Eat, Drink, Firms and Government: An Investigation of Corruption from Entertainment and Travel Costs of Chinese Firms
(with Hongbin Cai and Lixin Xu), Journal of Law and Economics, Vol. 54, No. 1, February 2011, 55-78.
[Media Coverages: South China Morning Post, Singapore Strait Times]
[NBER Working Paper 11592 Version] [April 2009 Version]
- Field Research on Learning
Entry in Encyclopedia of the Sciences of Learning, edited by Norbert Seel, Springer, 2011.
- Optimal Provision of Multiple Excludable Public Goods
(with Peter Norman), American Economic Journal: Microeconomics, November 2010, Vol. 2, No. 4, 1-37.
Corrigendum for a printing error is here.
Detailed External Appendix.
This paper generalizes and supersedes versions previously titled “An Efficiency Rationale for Bundling of Public Goods” available as Cowles Foundation Discussion Paper 1441 and 1441R.
- Theories of Statistical Discrimination and Affirmative Action: A Survey
(with Andrea Moro), Chapter 5 in Handbook of Social Economics, Vol IA, edited by Jess Benhabib, Alberto Bisin, and Matthew Jackson, North-Holland, 2010, pp. 133-200.
- Time Inconsistency and Welfare Program Participation: Evidence From the NLSY
(with Dan Silverman), International Economic Review, November 2009, Vol. 50, No. 4, 1043-1076.
- Observational Learning: Evidence from a Randomized Natural Field Experiment
(with Hongbin Cai and Yuyu Chen), American Economic Review, June 2009, Vol. 99, No. 3, 864-882.
[Media coverage at: Wall Street Journal, LA Times, Duke News]
[Online Appendix]
[NBER Working Paper No. 13516 Version].
- Understanding Overbidding in Second Price Auctions: An Experimental Study
(with David J. Cooper), Economic Journal, October 2008, Vol. 118, 1572–1595
[Cowles Foundation Discussion Paper No. 1557 Version]
- Sources of Advantageous Selection: Evidence from the Medigap Insurance Market
(with Michael P. Keane and Dan Silverman), Journal of Political Economy, April 2008, Vol. 116, No. 2, 303-350.
Winner of the 17th Kenneth Arrow Award for the Best Paper in Health Economics Published in 2008, iHEA
Finalist, NIHCM (National Institute for Health Care Management) Foundation Annual Research Award, 2009.
[NBER Working Paper 12289 Version]
- Testing the Mechanisms of Structural Models: The Case of the Mickey Mantle Effect
(with Michael P. Keane, Ahmed Khwaja, Martin Salm and Dan Silverman), American Economic Review Papers and Proceedings, May 2007, 53-59.
[Appendix] [Click Here for a version with the complete tables]
- To Bundle or Not to Bundle
(with Peter Norman), Rand Journal of Economics, Winter 2006, Vol. 37, No. 4, 946-963.
Supplemental Material: Appendix B. Mathematica Program for Numerical Analysis.
- Disentangling the College Wage Premium: Estimating a Model with Endogenous Education Choices
International Economic Review, November 2006, Vol. 47, No. 4, 1151-1185.
- Government-Mandated Discriminatory Policies: Theory and Evidence
(with Peter Norman), International Economic Review, May 2006, Vol. 47, No. 2, 361-189.
- An Alternative Test of Racial Prejudice in Motor Vehicle Searches: Theory and Evidence
(with Shamena Anwar), American Economic Review, March 2006, Vol. 96, No. 1, 127-151.
- Distinguishing Between Cognitive Biases: Belief vs. Time Discounting in Welfare Program Participation
(with Dan Silverman), in Behavioral Public Finance, edited by Edward McCaffery and Joel Slemrod, pp. 47-81. Russell Sage Foundation, 2006.
- Multidimensional Private Value Auctions
(with Stephen Morris), Journal of Economic Theory, January 2006, Vol. 126, 1-30.
- Toward An Economic Theory of Dysfunctional Identity
(with Glenn C. Loury) in Social Economics of Poverty: On Identities, Groups, Communities and Networks, pp. 12-55. Edited by Christopher B. Barrett, London: Routledge, 2005.
- “Dysfunctional Identities” Can Be Rational
(with Glenn C. Loury), American Economic Review Papers and Proceedings, May 2005, May 2005: 104-111.
- Morale Hazard
(with Giuseppe Moscarini), Journal of Monetary Economics, May 2005, Vol. 52, 749-777.
- Assessing the Impact of Welfare Reform on Single Mothers
(with Michael P. Keane), Brookings Papers on Economic Activity, 2004, Volume 1, 1-116.
- On the Compassion of Time-Limited Welfare Programs
(with Dan Silverman), Journal of Public Economics, Vol. 88, July 2004, 1445-1470.
- On the Failure of the Linkage Principle with Financially Constrained Bidders [Typesetting Error Correction]
(with Sergio O. Parreiras), Journal of Economic Theory, Vol 110, June 2003, 374–392.
- Lottery versus All Pay Auction Models of Lobbying
Public Choice, September 2002, 351-371.
- Equilibrium of Affiliated Value Second Price Auctions with Financially Constrained Bidders: The Two-Bidder Case
(with Sergio O. Parreiras), Games and Economic Behavior, May 2002, 215-236.
- Social Culture and Economic Performance
American Economic Review, September 2001, Vol. 91, No. 4, 924-937.
