Chang-Tai Hsieh

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Between 1996 and 2003, the Peruvian government issued property titles to over 1.2 million urban households, the largest titling program targeted to urban squatters in the developing world. This paper examines the labor market effects of increases in tenure security resulting from the program. To isolate the causal role of ownership rights I make use of(More)
The positive correlation between real (PPP) investment rates and levels of PPP income across countries is one of the most robust findings of the empirical growth literature. We show that this relationship is almost entirely driven by differences in the price of investment relative to output, rather than by differences in nominal investment rates. When(More)
A central implication of the life-cycle/permanentincome hypothesis (LC/PIH) is that consumers should not respond to predictable changes in their income. To test this hypothesis, a number of recent papers have exploited natural experiments to identify anticipated income changes. In particular, recent work by Parker (1999) uses the change in after-tax income(More)
We investigate the determinants of regional development using a newly constructed database of 1,569 subnational regions from 110 countries covering 74% of the world’s surface and 97% of its GDP. We combine the cross-regional analysis of geographic, institutional, cultural, and human capital determinants of regional development with an examination of(More)
In 1960, 94 percent of doctorswere whitemen, as were 96 percent of lawyers and 86 percent ofmanagers. By 2008, these numbers had fallen to 63, 61, and 57 percent, respectively. We use a Roy model with occupational frictions to measure the contribution of discrimination faced by blacks and women in the labor market and in the acquisition of human capital to(More)
How does a country’s productivity growth a¤ect worldwide real incomes through international trade? In this paper, we take this classic question to the data by measuring the spillover e¤ects of China’s productivity growth. Our framework features traditional terms-of-trade e¤ects and new trade home market e¤ects as suggested by the theoretical literature and(More)