Health

The Healthcare Cost of Air Pollution: Evidence from the World’s Largest Payment Network (R&R at The Review of Economics and Statistics)

Using the universe of credit- and debit-card transactions in China during 2013-2015, this paper provides the first nationwide analysis of the healthcare cost of PM2.5. We leverage spatial spillovers of PM2.5 from long-range transport for exogenous …

Improved Transportation Networks Facilitate Adaptation to Pollution and Temperature Extremes

The social costs of pollution and climate change hinge critically on humans’ ability to adapt. Based on transaction records from the world’s largest payment network, this research compiles daily travel flows and documents that China's rapid expansion …