Research

How Technology and Globalization Reshape U.S. Occupational Composition  (Job Market Paper) (Download)

• Analyzes imports and tech effects on U.S. jobs (2000-2007), showing that imports accounted for 69% of 1.6 million lost machine operator jobs—80% of middle-wage job declines—challenging the view that job polarization is mainly tech-driven. Finds significant impacts of labor-saving tech on high-wage roles, countering the belief they primarily affect routine jobs. Also notes that rising demand in expanding industries drives high-wage job growth.

Asset Return Rates, Wealth Inequality, and Sustainable Wealth Effects

• Provides a novel explanation of wealth effects (1986–2020) across time and demographics using households' expected asset return rates. The model effectively predicts changes in consumption behavior driven by housing wealth shifts during the Great Recession.

Monetary Policy, Oil Price, and Inflationary Expectations: Evidence from China (co-authored with Rokon Bhuiyan. Presented at the 99th Annual Conference of the Western Economic Association International, June 2024)

• Analyzes the impact of monetary policy and oil prices on China's expected inflation (2004–2013) using a recursive VAR model. Finds that monetary policy shocks significantly affect expected inflation, while oil price shocks have a smaller impact—with impulse responses indicating that the central bank actively counters oil price shocks to mitigate negative effects.