S. H. Paul Lau


Faculty of Business and Economics

The University of Hong Kong




KK 1111


(+852) 2857-8509








Sau-Him Paul Lau received BSocSc from the University of Hong Kong, MSc from the London School of Economics and PhD from the Stanford University. After teaching at the Texas A&M University, the Australian National University and the Hong Kong Baptist University, he joined the School of Economics and Finance, University of Hong Kong in 2000.


Paul began his career with research interests in macroeconomics and growth. His work in providing microfoundations to staggered wage contracts widely observed in the United States and the United Kingdom has led him to develop a research interest in applied game theory. His interest in economic growth has helped him pursue research questions linking growth with time series econometrics. As a result, Paul has developed a unique research profile that combines macroeconomics and growth, applied game theory and time series econometrics.


In recent years, Paul has extended his research interest in economic growth to issues related to population aging, including effects of mortality decline on saving, retirement age and human capital investment. His work on game-theoretical analysis has also led him to collaborate with his co-authors to conduct experiments on social identity and cooperation in inter-group games.


Please download my CV here.





Economics of population aging:

  "Impact of mortality reductions on years of schooling and expected lifetime labor supply" (with Z. Cai), Journal of Mathematical Economics, Vol. 72 (October 2017), pp. 134-144. [ PDF ] [ Program & data files ]

  "Mortality decline, retirement age and aggregate savings" (with Y. Chen), Macroeconomic Dynamics, Vol. 20, No. 3 (April 2016), pp. 715-736. [ PDF ] [ Appendix ] [ Program & data files ]


  "Mortality transition and differential incentives for early retirement" (with H. d'Albis and M. Sanchez-Romero), Journal of Economic Theory, Vol. 147, No. 1, January 2012, pp.261-283. [ PDF ] [ Program & data files ]


  "Demographic structure and capital accumulation: A quantitative assessment", Journal of Economic Dynamics and Control, Vol. 33, No. 3, March 2009, pp.554-567. [ PDF ] [ Program & data files ]



Empirical growth analysis:

  "Using an error-correction model to test whether endogenous long-run growth exists", Journal of Economic Dynamics and Control, Vol. 32, No. 2, 2008, pp.648-676. [ PDF ]


  "I(0) in, integration and cointegration out: Time series properties of endogenous growth models", Journal of Econometrics, Vol. 93, November 1999, pp.1-24, (Lead article). [ PDF ]


  "Public infrastructure and economic growth: Time-series properties and evidence", (with C.-Y. Sin), Economic Record, Vol. 73, June 1997, pp.125-135, Reprinted in Transport Infrastructure (Classics in Transport Analysis Series, Volume 4), edited by Roger Stough, Roger Vickerman, Kenneth Button and Peter Nijkamp, Edward Elgar Press, 2002, pp. 175-185. [ PDF ]



Experimental economics:

  "Learning, teaching, and turn taking in the repeated assignment game" (with T. Cason and V.-L. Mui), Economic Theory, Vol. 54, No. 2, October 2013, pp.335-357. [ PDF ]


  "Estimating a parsimonious model of inequality aversion in Stackelberg duopoly experiments" (with F. Leung), Oxford Bulletin of Economics and Statistics, Vol. 72, No. 5, October 2010, pp.669-686. [ PDF ]



Applied game-theoretic analysis:

  "Using turn taking to achieve intertemporal cooperation and symmetry in infinitely repeated 2 x 2 games" (with V.-L. Mui), Theory and Decision, Vol. 72, No. 2, February 2012, pp.167-188. [ PDF ]


  "Aggregate pattern of time-dependent adjustment rules, II: Strategic complementarity and endogenous nonsynchronization", Journal of Economic Theory, Vol. 98, No. 2 , June 2001, pp.199-231, (Lead article). [ PDF ]


  "Aggregate pattern of time-dependent adjustment rules, I: A game-theoretic analysis of staggered versus synchronised wage setting", Economic Journal, Vol. 106, November 1996, pp.1645-1658. [ PDF ]





  "Using turn taking to achieve intertemporal cooperation and symmetry in infinitely repeated 2 x 2 games" (with V.-L. Mui), Theory and Decision, Vol. 72, No. 2, February 2012, pp.167-188. (This version: 2011). [ PDF ]


  "Fertility and mortality changes in an overlapping-generations model with realistic demography," Economic Modelling, Vol. 38 (February 2014), pp. 512-521. (This version: 2012). [ PDF ] [ Appendix ]


  "Economic-demographic dependency ratio in a life-cycle model," (co-authored with Albert K. Tsui), forthcoming in Macroeconomic Dynamics. [ PDF ]


  "Prior Interaction, Identity, and Cooperation in the Inter-Group Prisoner's Dilemma," (co-authored with T. Cason and V.-L. Mui). [ PDF ]


  "Mortality decline, productivity increase, and positive feedback between schooling and retirement choices," (co-authored with Z. Cai and C. Y. K. Yuen). [ PDF ]


















Last Update: 2018-11-08