Close sidebar Home » Alumni » Max Weber Alumni Bio Open sidebar menu Zheng, Yu Senior Lecturer Queen Mary University of London, School of Economics and Finance, United Kingdom Website [email protected] China Max Weber alumnus Department of Economics Cohort(s): 2015/2016, 2021/2022 Ph.D. Institution Washington University in St. Louis, United States Biography I obtained my PhD from Washington University in St. Louis in 2011 with a dissertation titled ‘Three Essays on the Macroeconomics of Information’. After graduation, I became an Assistant Professor in Economics at the Department of Economics and Finance at the City University of Hong Kong My research focuses on the income distribution, income risks and consumption insurance in both developing and developed economies. With regard to developing economies, I studied the degree of consumption insurance, i.e. the ability of households to insure against income risks, along the growth path of China, and I identified a trade-off between consumption insurance and growth. As to the developed economies, I studied the decline of the labour share in the US as a result of the emergence of an important class of capital, Intellectual Property Products. I also studied the differential impacts of non-cognitive skills on the education achievement and labour market outcomes of a British panel in a 1958 cohort and studied how education signals can contribute to the rising skill premium in the US as the access to college improves. As an Assistant Professor, I have taught courses on mathematics for economics and finance and on the Chinese economy. I was awarded an Early Career Grant from the Research Grants Council of the Hong Kong Government to study the incentive scheme for Chinese bureaucrats and public sector reform