in The Review of Financial Studies
November 2010; p ublished online October 2010 .
Journal Article. Subjects: Multiple or Simultaneous Equation Models; Multiple Variables; Household Behaviour and Family Economics; Intertemporal Choice and Growth; Mobility, Unemployment, and Vacancies; Household Analysis. 18059 words.
This article examines how price risk affects housing demand. It identifies two relevant channels: a financial risk effect that reduces demand, and a hedging effect that increases demand...
National Wage Trends and Migration in a Chinese Village Economy: A Micro Level Modeling Approach Based on a Composite Utility Function
in American Journal of Agricultural Economics
April 2015; p ublished online September 2014 .
Journal Article. Subjects: Household Behaviour and Family Economics; Economic Development; Demand and Supply of Labour; Particular Labour Markets; Wages, Compensation, and Labour Costs; Agricultural Economics; Household Analysis; Mobility, Unemployment, and Vacancies. 14355 words.
China’s economy is experiencing a regime shift away from a fully elastic supply of labor from a large pool of rural surplus labor and toward a situation of increasing labor scarcity and...
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