Are Productive Scientists More Willing to Engage With the Public?
Abstract:Scientists are increasingly expected to participate in public engagement around prominent science and technology issues. However, scientists remain concerned that public engagement takes time away from conducting research. Little is known about the relationship between scientists’ productivity and their willingness to participate in different types of public engagement. Using a census survey ...
Luye Bao*, Mikhaila N.Calice, Dominique Brossard, Dietram A.Scheufele, Ezra M.Markowitz
ARTICLE |Science Communication| 2024、46、1
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China’s Commuting-Based Metropolitan Areas
Abstract:Using commuting flows derived from cellphone location data at fine geographical levels, this paper presents the first delineation of China’s commuting-based metropolitan areas (MAs). The size distribution of those MAs follows a power law, with larger MAs hosting more skilled workers, more productive firms, and offering higher wage premiums. China’s commuting-based MAs exhibit a few notable ...
Ting Chen, Yizhen Gu, Ben Zou*
ARTICLE | Journal of Urban Economics | 2024、144、103715
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Politics and Entry Deterrence: Evidence from China's Industrial Land Market
Abstract:This paper examines one million land transactions and firm census data sets to determine the effect of market concentration on entry deterrence in China from 2006 to 2013. We find that a one standard deviation increase in the Herfindahl–Hirschman Index leads to a one standard deviation decrease in local government-designated industrial land sales to nonlocal firms and to a 2.9 standard deviation ...
Chunyang Wang*
ARTICLE | Journal of Economics & Management Strategy | 2024、33、3
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Estimating Life-Cycle Income Processes Including Means-Tested Transfers
Abstract:This paper undertakes a Monte Carlo experiment to evaluate whether the canonical “persistent-transitory” model of income can effectively measure means-tested government transfer policies. First, I show that means-tested transfers (modelled as an income floor) are not well represented by a stationary stochastic process for income with the persistent-transitory structure, since means testing ...
David Lander*
ARTICLE | Economics Letters | 2024、242
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Home Location Choices and the Gender Commute Gap
Abstract:Using administrative records of home mortgages in Beijing, we show that dual-income households systematically choose to buy homes that are closer to the wife’s workplace. The wife’s commute from the newly purchased home is on average 11 percent shorter by distance than the husband’s. We estimate a discrete home location choice model and find that households derive substantially larger disutility ...
Yizhen Gu*, Naijia Guo, Jing Wu, Ben Zou
ARTICLE |Journal of Human Resources| 2024、59、41
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Lease-Adjusted Productivity Measurement
Abstract:We document that leased capital constitutes about 30% of the total productive physical assets used by US public firms. We develop an analytical framework to demonstrate how the neglect of leases leads to an overestimation of productivity. This overestimation can be decomposed into two distinct channels: one arises from the mismeasured factor share, and the other from the omitted-leased-capital ...
Weiwei Hu, Kai Li*, Yiming Xu
ARTICLE |Journal of Banking & Finance |2024、164
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Leave-One-Out Least Squares Monte Carlo Algorithm for Pricing Bermudan Options
Abstract:The least squares Monte Carlo (LSM) algorithm proposed by Longstaff and Schwartz (2001) is widely used for pricing Bermudan options. The LSM estimator contains undesirable look-ahead bias, and the conventional technique of avoiding it requires additional simulation paths. We present the leave-one-out LSM (LOOLSM) algorithm to eliminate look-ahead bias without doubling simulations. We also ...
Jeechul Woo, Chenru Liu, Jaehyuk Choi*
ARTICLE | Journal of Futures Markets| 2024、44
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Capital Inflow Liberalization and Bank Credit Risk
Abstract:Using a panel of annual data, covering 2207 banks operating in 45 emerging, and developing economies, over the period of 2009–2020, we study the impact of liberalization on capital inflows. Our results indicate that capital inflow liberalization has a robust and positive impact on bank credit risk, as measured by non-performing loans. Upon further examination, we find that the positive effect ...
Kexin Li, Zhongfei Chen, Athanasios Andrikopoulos*
ARTICLE | Journal of International Money and Finance| 2024、142
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Two-Step Estimation of Quantile Panel Data Models with Interactive Fixed Effects
Abstract:This paper considers the estimation of panel data models with interactive fixed effects where the idiosyncratic errors are subject to conditional quantile restrictions. An easy-to-implement two-step estimator is proposed for the coefficients of the observed regressors. In the first step, the principal component analysis is applied to the cross-sectional averages of the regressors to estimate ...
Liang Chen*
ARTICLE | Econometric Theory | 2024、40、2
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