Dr. Shing-Yi Wang is an Associate Professor of Business Economics and Public Policy at Wharton. She received her Ph.D. in Economics from Yale University and her B.A. from Wellesley College. Prior to joining Wharton, she was an Assistant Professor in the Department of Economics at New York University.
She specializes in development economics and labor economics with a focus on microeconomic issues related to property rights and migration. While much of her research is on China, she has also examined questions in India, Mongolia, and the United Arab Emirates. She is currently a co-editor at the Journal of Human Resources.
(May 2020). Property Rights, Land Misallocation and Agricultural Efficiency in China. The Review of Economic Studies.
This paper examines the impact of a property rights reform in rural China that allowed farmers to lease out their land. We find the reform led to increases in land rental activity in rural households.
Consistent with a model of transaction costs in land markets, our results indicate that the formalization of leasing rights resulted in a redistribution of land toward more productive farmers. Consequently, the aggregate productivity of land increased significantly.
We also find that the reform increased the responsiveness of land allocation across crops to changes in crop prices.