I was Bill’s junior colleague for seven years at Yale Economics. Bill was always sharp and curious, and most importantly, so kind and supportive. RIP, Bill. news.yale.edu/2026/10/31/wil…
Hanming Fang
@HanmingF
Norman C Grosman Professor of Economics, University of Pennsylvania. Co-Founder of VoxChina @voxchina2017. My tweets are my own.
236 Following 1.8K Followers 341 Posts
Latest posts 5
Nice summary of my JPubE paper by SCCEI! Local protectionism driven by career incentives of local politicians due to the promotion tournament.
📢 ‼️New SCCEI China Brief‼️ 📢View quoted post on X
In China, competition for promotion among local officials exacerbates misallocation and fragments China’s domestic market. Read the brief: sccei.fsi.stanford.edu/china-briefs/b…
Reposting a WSJ op-ed with Jim Heckman on the “China Shock” study published in May 2025. Academic economists used to be more carefully qualifying their research findings. wsj.com/opinion/the-re…
Market sales price in property rights uncertainty but rental rates do not; limited property rights houses show more price volatility and turnovers-signs of more speculation-relative to matched full property rights houses.
Studying how property rights uncertainty affects prices and speculative activities in the housing markets using a natural comparison of full and limited property houses in Shenzhen, from @HanmingF, Jing Wu, and Vincent Yao nber.org/papers/w35797View quoted post on X
Asset privatization as intergenerational redistribution instrument has the automatic stabilizer property, while pension based redistribution faces downward rigidity when growth slows down and population ages…
Subsidized access to appreciating public assets in rapidly growing economies can serve as a powerful instrument for intergenerational redistribution, from Kaiji Chen, @HanmingF, and Yang Tang nber.org/papers/w35754View quoted post on X