0000000000480337
AUTHOR
Di Lu
showing 2 related works from this author
The More the Merrier? The Effect of Fertility Preference on Marriage Outcomes
2019
This paper analyzes how fertility preference affects individuals' marriage outcomes. By using the selective Two-child Policy in China, which relaxed Han Chinese and only child's birth quota hence made them more attractive, I find that after the policy, the treatment group is more likely to marry same-type spouses to have more children. Moreover, to meet their fertility preference, Han Chinese and only child men searched longer and bought more expensive houses before marriage, and transferred more to their wives in terms of income and education.
Board Gender Diversity and Firm Performance: Evidence from Supply-Side Shocks in China
2019
This paper identifies a positive causal effect of board gender diversity on firm performance by utilizing unique historical events in China. Specifically, the Famine resulted in an evident gender gap in the supply of qualified directors of certain cohorts. Since the shocks differ in both gender and cohorts, we construct a novel "Diff-in-Diff'" instrumental variable and a Bartik instrument for board gender representation. We find that a 10% increase in board female representation can lead to a 2.38% increase in return on assets (ROA). Moreover, our results support the critical mass theory and indicate that female directors are beneficial by lowering risk levels and improving solvency.