The effects of institutionalization in China: A difference-in-differences analysis of the mandatory retirement age

doi:10.1016/j.chieco.2018.07.005

CORC > 上海财经大学 > 上海财经大学

	The effects of institutionalization in China: A difference-in-differences analysis of the mandatory retirement age
	Liu, Derek Tai-wei
刊名	CHINA ECONOMIC REVIEW
	2018-12
卷号	52 页码:192-203
关键词	China Institutionalization Mandatory retirement Growth Career incentives
ISSN号	1043-951X
DOI	10.1016/j.chieco.2018.07.005
英文摘要	This study takes advantage of a "natural experiment" to show how institutionalization shapes economic outcomes in China. Beijing introduced the mandatory retirement age for provincial leaders in the 1980s, but the rule was not enforced across all provinces until 2000. I use this window to construct a difference-in-differences design and show how the enforcement of mandatory retirement rule leads to better economic outcomes. Provincial leaders eligible for promotion are now motivated to perform better on growth in order to succeed under the performance-based promotion system. But this institution is not perfect, as it results in poorer performances among lame-duck leaders near the retirement age. I also find that leaders with central connection tend to have worse performances. This suggests that when politicians have connection with the center, they hold the key to promotion already, so they do not need to worry about the Chinese-style yardstick competition.
WOS研究方向	Business & Economics
语种	英语
出版者	ELSEVIER SCIENCE INC
WOS记录号	WOS:000453639900012
内容类型	期刊论文
源URL	[http://10.2.47.112/handle/2XS4QKH4/460]
专题	上海财经大学
通讯作者	Liu, Derek Tai-wei
作者单位	Shanghai Univ Finance & Econ, Sch Publ Econ & Adm, 777 Guoding Rd, Shanghai 200433, Peoples R China
推荐引用方式 GB/T 7714	Liu, Derek Tai-wei. The effects of institutionalization in China: A difference-in-differences analysis of the mandatory retirement age[J]. CHINA ECONOMIC REVIEW,2018,52:192-203.
APA	Liu, Derek Tai-wei.(2018).The effects of institutionalization in China: A difference-in-differences analysis of the mandatory retirement age.CHINA ECONOMIC REVIEW,52,192-203.
MLA	Liu, Derek Tai-wei."The effects of institutionalization in China: A difference-in-differences analysis of the mandatory retirement age".CHINA ECONOMIC REVIEW 52(2018):192-203.