June 16 (Tuesday) 6:30pm NBER participants and companions meet in the hotel lobby 7:00pm Reception at the CCER June 17 (Wednesday) 8:45 - 8:50am: Opening remarks Yang Yao (CCER), James Poterba (MIT and NBER), Chong-En Bai (Tsinghua) 8:50 - 9:50am: Energy and Environment (I) Chair: Yang Yao (CCER) Mar Reguant (Stanford and NBER): Wind Uncertainty in Electricity Markets: Practical Challenges Min Wang (CCER): Are Renewable Energy Policies Climate Friendly? The Role of Capacity Constraints and Market Power 9:50 - 10:15am: Group photo and Coffee/tea break 10:15am - 11:15am: Energy and Environment (II) Chair: James Poterba (MIT and NBER) James Bushnell (UC Davis and NBER): Emission Uncertainty and Cap and Trade Market Design Hua Wang (World Bank and China EPA): Economic Cost of Environmental Pollution in China 11:15 - 11:30 coffee break 11:30 - 12:30: Development and Growth Chair: Justin Lin (CCER) Shang-jin Wei (Asian Development Bank and NBER): Inferring the unofficial income of the officials: with an application to China Jinfeng Luo (Tsinghua) and Yi Wen (Tsinghua): Institutions Do Not Rule: Reassessing the Driving Forces of Economic Development 12:30 - 1:30 pm: Lunch 1:30 - 2:30 pm Trade Chair: Marty Zimmerman (Michigan and NBER) Kalina Manova (Stanford and NBER): China’s International Trade: Finance, Quality and Global Value Chains Miaojie Yu (CCER): Distribution Outward FDI and Firm Heterogeneity: Evidence from Chinese Firms 2:30 - 2:45 pm Coffee/tea break 2:45 - 4:15 pm: Labor I Chair: Shang-jin Wei (ADB, Columbia and NBER) Till von Wachter (UCLA and NBER): U.S. and Chinese Trends in Employment and Labor Force Participation Xiaoyan Lei (CCER): The Great Expectations: Impact of One-Child Policy on Education of Girls Gordon Liu (CCER): Fertility Transition in China: Does the One-Child Policy Matter? 4:15 - 4:30 pm Coffee/tea break 4:30 - 5:30 pm Labor II Chair: Michael Devereux (UBC and NBER) Kathryn Shaw (Stanford and NBER): The Effectiveness of Human Resources Management Practices: Evidence from Insider Econometrics Dandan Zhang (CCER): Stealing Your Way to My Heart: China's One Child Policy, Marriage Markets and Crime Wouter Dessein (Columbia), Managerial Style and Attention 7:00 pm: Dinner hosted by the CCER Keynote speech (TBC) Chair: Yang Yao (NSD Peking University) June 18 (Thursday) 8:30 – 9:30 am: Education Chair: Joseph Gyourko (University of Pennsylvania and NBER) Eric Hanushek (Stanford and NBER): Minimal Skills, Knowledge Capital, and Economic Growth Binzhen Wu and Xiaohan Zhong (Tsinghua): Mismatch in China’s College Admission 9:30 - 9:45am Coffee/tea break 9:45 - 11:15am: Industrial organization and regional economics Chair: Kathryn Shaw (Stanford and NBER) Wei Xiong (Princeton and NBER): Demystifying the Chinese Housing Market Joseph Gyourko (University of Pennsylvania and NBER): Real Estate Market in China Xiaobo Zhang (CCER): E-commerce Development in China 11:15 - 12:00pm: Lunch Afternoon: Trip to the Great Wall (Simatai) Bus leaves from Lakeview Hotel at 12:30 pm. Casual dinner at/near the Great Wall June 19 (Friday) 8:45am NBER participants check out the Lakeview Hotel (optional) 9:00 - 10:30am: Public Finance Chair: Chong-en Bai (Tsinghua) James Poterba (MIT and NBER): Drawdown Patterns in Tax-Favored Retirement Saving Accounts Fan Zhang (CCER): The Credit Risk of China’s Local Government Debt Kevin Milligan (UBC and NBER): Work Capacity of Older Workers: Canada and the United States 10:30 – 11:00am Coffee/tea break 11:00 – 12:30am: International Economics Chair: Xiaobo Zhang (CCER) Michael Devereux (UBC and NBER): Exchange Rate Pass Through, Currency of Invoicing, and Mar ket Share Jianguo Xu (CCER): Capital account liberalization and economic growth revisited: Different effects of inflow and outflow liberalization Meixin Guo and Lin Lu (Tsinghua): Trade Costs and Income Inequality in China 12:30 - 1:30pm: Concluding remarks and Lunch (Open to Alumni) 1:30pm: Adjourn 1:30pm Bus leaves from the CCER for Lakeview Hotel (or for Grand Hyatt) Other information: