典型文献
From Price to Gain:The Evolution of Household Income Volatility and Consumption Insurance in Urban China
文献摘要：
This paper exploits a novel and unique opportunity to reveal the evolution of income volatility and consumption insurance from 1992 to 2014 in urban China.We found that(ⅰ)the average household experienced a downward trend in income and consumption volatility.Although the global financial crisis in 2008 caused a slight spike,it did not reverse the downward trend,(ⅱ)Households'ability to smooth income shocks improved significantly,and the consumption insurance against permanent(transitory)income shocks increasedfrom 0.6172(0.8307)to 0.7453(0.8742)-that is,the transmission of permanent(transitory)income shocks to consumption decreased by 33.46(25.69)percent from 2004 to 2014.(ⅲ)Welfare analysis indicates that the positive insurance effect counteracted the negative effects of lower economic growth in the 2010-2014 period.Income and consumption volatility,and consumption insurance were heterogeneous across income sources,consumption categories,and various demographic characteristics,which have important implications for understanding China's economic transition.
文献关键词：
中图分类号：
作者姓名：
Da Zhao;Jingyuan Guo;Hong Zou;Ze Song
作者机构：
School of Economics,Sichuan University,China;Department of Economics,The London School of Economics and Political Science,UK;School of Economics,Southwestern University of Finance and Economics,China;School of Economics,Nankai University,China
文献出处：
引用格式：
[1]Da Zhao;Jingyuan Guo;Hong Zou;Ze Song-.From Price to Gain:The Evolution of Household Income Volatility and Consumption Insurance in Urban China)[J].中国与世界经济（英文版）,2022(06):113-136
A类：
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B类：
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AB值：
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