Homeownership is widely stimulated by policy yet its economic effects are poorly understood. We exploit quasi-random variation in homeownership generated by privatization decisions of municipally-owne
Whether democratic and nondemocratic regimes perform differently in social provision policy is an important issue to social scientists and policy makers. Since political regimes are rarely changing, t
In this paper, the initial sample consists of all Chinese A-share listed companies from 2014 to 2022. This time range is chosen primarily to ensure an adequate number of observations for four years be
The recent proposal for tax reform developed by the Department of the Treasury suggests dramatic changes in the structure of the personal income tax. One likely side effect of the changes will be a si
*p<0.1; **p<0.05; ***p<0.01 Standard deviations in parentheses. T-tests test for differences in means assuming unequal variances. “Before matching” uses the full sample; “After matching” is based on 1