How do we cut carbon emissions without slowing economic growth? One way is through offset markets: markets to buy reductions in emissions from parties all over the world. Offsets are meant to incentivize projects that cut emissions. Instead of reducing emissions themselves, firms or countries can pay others to do so on their behalf. This trade in abatement can potentially lower the costs of bringing emissions down.
Reductions in rural-to-urban migration barriers have led to economic gains for both rural origins and urban destinations by reducing information frictions and facilitating the flow of goods and investments between cities and the countryside.
Higher compensation incentivizes workers to work additional hours and stay at the firm, while increased monitoring enhances work quality but also increases quitting by workers.
We find that people born in the fourth quarter tend to have better lifecycle outcomes than others in China. More importantly, this birth quarter effect is significantly larger for females than for males. Such a gendered pattern is likely driven by seasonal variations in household resources induced by agricultural seasonality, which may exert gender-differentiated effects on intrahousehold neonatal investment due to son preference. These findings have meaningful implications for the role of economic development in reducing gender inequality through the (gender-neutral) increase in household resources.
Johns Hopkins University. (The views expressed are those of the authors and should not be attributed to Johns Hopkins University.)