To understand whether and how movements of government debt and household debt are related, stationary equilibrium

Firms reduce investment when facing downward wage rigidity (DWR), the inability or unwillingness to adjust wages d

We show that the social capital embedded in employees’ networks contributes to superior firmperformance and p

This paper identifies an externality of a firm s unionization that affects the capital structure decisions of other

Using administrative records of home mortgages in Beijing, we show that households systematically choose to buy new homes that are closer to the wife’s workplace

This paper considers panel data models where the conditional quantiles of the dependent variables are additively separable as unknown functions of the regressors and the individual effects

This paper considers the estimation of panel data models with interactive fixed effects where the idiosyncratic errors are subject to conditional quantile restrictions

This paper measures the degree of industrial land subsidy to a firm using the ratio of the market value of land in the neighborhood to the price at which the firm purchased the land from the local government

The literature on using yield curves to forecast recessions typically measures the term spread as the difference between the 10-year and the three-month Treasury rates

Exploiting the 2011 abolishment of the mandatory-retirement provision that had allowed employers to force retirement of their 65-or-older employees in the UK, this paper estimates the effect of outlawing mandatory retirement on public-pension benefit