School of Economics and Finance, Queen Mary University of London

Office: +44 20 7882 8049

Email: yu.zheng [at] qmul [dot] ac [dot] uk

Research Affiliate, Centre for Economic Policy Research (Macroeconomics and Growth)



Koh, Dongya and Raül Santaeulàlia-Llopis and Yu Zheng. 2020. "Labor Share Decline and Intellectual Property Products Capital" [PDF] [Online Appendix] Econometrica, 88(6): pp. 2609-2628.

Media Coverage: World Economic Forum, Washington Center for Equitable Growth

Non-Economics: Baker (2016) in Harvard Law Review Forum

Wang, Bin and Yu Zheng. 2020. "A Model of Tournament Incentives with Corruption," Journal of Comparative Economics, 48(1) pp. 182-197. [PDF] [Online Appendix]

Zheng, Yu. 2019. "The Role of Education Signaling in Explaining the Growth of College Wage Premium," Macroeconomic Dynamics, 23(3) pp. 1247-1286. [PDF]

Mommaerts, Corina, Syed Hassan Raza and Yu Zheng. 2019. "The Economic Consequences of Hospitalizations for Older Workers across Countries," Journal of the Economics of Ageing, in press. [PDF] [Online Appendix]

Santaeulàlia-Llopis, Raül and Yu Zheng. 2018. "The Price of Growth: Consumption Insurance in China 1989 - 2009," American Economic Journal: Macroeconomics, 10(4), pp 1-36. (Lead Article) [PDF] [Online Appendix]

Media Coverage: VoxChina


The Economic Value of Breaking Bad Misbehavior, School and the Labor Market (with Nick Papageorge and Victor Ronda) [PDF][Online Appendix] 2nd round R&R at Journal of Political Economy

Media Coverage: Marginal Revolution, Brookings, Frankfurter Allgemeiner Sonntagszeitung, VoxEU

Using Subjective Expectations Data to Allow for Unobserved Heterogeneity in Hotz-Miller Estimation Strategies (with Juan Pantano) [PDF] at Quantitative Economics


Growing through Competition: The Reduction of Entry Barriers in Chinese Manufacturing (with Helu Jiang and Lijun Zhu) [PDF]

Growing Apart: Declining Within- and Across-Locality Insurance in Rural China (with Orazio Attanasio, Costas Meghir and Corina Mommaerts) [PDF]

Innovate to Lead or Innovate to Prevail: When do Monopolistic Rents Induce Growth? (with Roberto Piazza) [CEPR Discussion Paper version]

Why is Food Consumption Inequality Underestimated? A Story of Vices and Children (with Raül Santaeulàlia-Llopis) [PDF] [Appendix]


Unequal Transition: The Making of China's Wealth Gap

The Intangible Borrowing Constraint of Entrepreneurship


PI, BA/Leverhulme Small Research Grants, 2021.

PI, General Research Fund, Hong Kong Research Grants Council, 2018 (declined).

PI, Early Career Scheme Grant, Hong Kong Research Grants Council, 2013.

PI, Strategic Research Grant, City University of Hong Kong, 2013, 2017.

PI, Start-Up Grant, City University of Hong Kong, 2012.


Associate Editor, Economic Modelling, 2020-

Associate Editor, Research in Economics, 2018-


Review of Economic Studies, Journal of European Economic Association, Economic Journal, International Economic Review, Review of Economic Dynamics, Journal of Economic Growth, European Economic Review, Journal of Public Economics, Journal of Economic Dynamics and Control, Macroeconomic Dynamics, Economica, Canadian Journal of Economics, Scandinavian Journal of Economics, Economic Letters, Economic Modelling, Review of International Economics, Food Policy, Pacific Economic Review, Singapore Economic Review, Frontiers of Economics in China, Contemporary Economic Policy, China Journal of Economics.


2019: 1st QMUL-SUFE Economics Workshop: "Growth and Development in Uncertain Times"

TBA: 2nd QMUL-SUFE Economics Workshop: "New Micro Data and Econometric Techniques"