Current Location:homepage  People   Full-time Researcher

Lei Ning


Associate Research Fellow
Macroeconomics, Chinese Economy, Applied Econometrics
(Ph.D., Shanghai University of Finance and Economics, 2016)

Office Address
406, Institute for Advanced Research
111 Wuchuan Rd

Contact Information:
Telephone: +86-21-65902213
Working Papers


  1. Why Do Americans Spend So Much More on Health Care than Europeans? (with Hui He and Kevin X.D. Huang), International Economic Review, 2021.5.

  2. Quantitative Analysis of the COVID-19 Pandemic Shock to Household Consumption in China (with Yuqin Wang), Frontiers of Economics in China, 15(3):355-379, 2020.

  3. Health Investment over the Life-Cycle, with Timothy J. Halliday (University of Hawaii), Hui He (IMF & Shanghai University of Finance and Economics (SHUFE)) and Hao Zhang (Renmin University of China), Macroeconomic Dynamics, Volume 23, Issue 1 January 2019 , pp. 178-215.

  4. Human Capital and Innovation in a Monetary Schumpeterian Growth Model, with Angus C. Chu (Fudan University) and Dongming Zhu (SHUFE), Macroeconomic Dynamics, Volume 23, Issue 5 July 2019 , pp. 1875-1894.

  5. Conquering China’s Unbalanced and Inadequate Development- Macroeconomic Outlook, Policy Simulations, and Reform Implementation—A Summary of Annual SUFE Macroeconomic Report (2017–2018) (with Kevin X. D. Huang and Guoqiang Tian), Frontiers of Economics in China, 13(2): 147–170, 2018.

Working Papers
  1. The Impact of Rapid Aging and Pension Reform on Savings and the Labor Supply: The Case of China, with Hui He (IMF) and Dongming Zhu (SHUFE), June 2018

  2. Job Search over the Life Cycle, with Hui He (IMF) and Liang Wang (University of Hawaii), May 2018

  3. Tightened Household Liquidity Constraints and Firm Leverage in China, with Kevin X. D. Huang (Vanderbilt University) and Yuqin Wang (SHUFE), October 2018