Vulnerability And Risk Sharing Of Chinese Households: The Risks And Household Behaviors During China's Rapid Economic Transition - Softcover
Synopsis
This book focuses on measuring risk faced by households in the largest developing country—China. First I develop a costly transfer model between distant households and use a data set on rural households to test whether economic distance hinders their ability to share risks among them. I find that economic distance does matter, and that economic distance and income shocks jointly determine the amount of risk sharing between households. Then I develop a new measure of vulnerability, which is designed to be robust to measurement-errors and non-stationary consumption processes. Monte Carlo experiments show that it performs better than other estimators proposed in the literature. Finally I apply this new estimator to urban households to evaluate the welfare consequences of consumption growth, unequal distribution and risks during 2002–2004. I find that unequal distribution causes a large reduction in average household welfare, that aggregate consumption growth will compensate this loss after about 8.5 years, and that risks at different levels of aggregation all significantly reduce households’ welfare, although the impact of risk on welfare is smaller than that of unequal distribution.
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About the Author
Xiangyi Meng is an Assistant Professor at the Central University of Finance and Economics (2007-present). He received his B.A. in Economics from Peking University in 1998 and earned his M.S. and Ph.D. in Agricultural Economics at the University of California at Berkeley. His research focuses on issues in economic development and consumer finance.
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Vulnerability And Risk Sharing Of Chinese Households
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ISBN 10: 3659166391
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Taschenbuch. Condition: Neu. This item is printed on demand - it takes 3-4 days longer - Neuware -This book focuses on measuring risk faced by households in the largest developing country China. First I develop a costly transfer model between distant households and use a data set on rural households to test whether economic distance hinders their ability to share risks among them. I find that economic distance does matter, and that economic distance and income shocks jointly determine the amount of risk sharing between households. Then I develop a new measure of vulnerability, which is designed to be robust to measurement-errors and non-stationary consumption processes. Monte Carlo experiments show that it performs better than other estimators proposed in the literature. Finally I apply this new estimator to urban households to evaluate the welfare consequences of consumption growth, unequal distribution and risks during 2002 2004. I find that unequal distribution causes a large reduction in average household welfare, that aggregate consumption growth will compensate this loss after about 8.5 years, and that risks at different levels of aggregation all significantly reduce households welfare, although the impact of risk on welfare is smaller than that of unequal distribution. 148 pp. Englisch. Seller Inventory # 9783659166396
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Vulnerability And Risk Sharing Of Chinese Households
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Condition: New. Dieser Artikel ist ein Print on Demand Artikel und wird nach Ihrer Bestellung fuer Sie gedruckt. Autor/Autorin: Meng XiangyiXiangyi Meng is an Assistant Professor at the Central University of Finance and Economics (2007-present). He received his B.A. in Economics from Peking University in 1998 and earned his M.S. and Ph.D. in Agricultural Econ. Seller Inventory # 5136399
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Vulnerability And Risk Sharing Of Chinese Households
Published by
LAP LAMBERT Academic Publishing Jul 2012, 2012
ISBN 10: 3659166391
ISBN 13: 9783659166396
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Taschenbuch. Condition: Neu. This item is printed on demand - Print on Demand Titel. Neuware -This book focuses on measuring risk faced by households in the largest developing country-China. First I develop a costly transfer model between distant households and use a data set on rural households to test whether economic distance hinders their ability to share risks among them. I find that economic distance does matter, and that economic distance and income shocks jointly determine the amount of risk sharing between households. Then I develop a new measure of vulnerability, which is designed to be robust to measurement-errors and non-stationary consumption processes. Monte Carlo experiments show that it performs better than other estimators proposed in the literature. Finally I apply this new estimator to urban households to evaluate the welfare consequences of consumption growth, unequal distribution and risks during 2002-2004. I find that unequal distribution causes a large reduction in average household welfare, that aggregate consumption growth will compensate this loss after about 8.5 years, and that risks at different levels of aggregation all significantly reduce households' welfare, although the impact of risk on welfare is smaller than that of unequal distribution.VDM Verlag, Dudweiler Landstraße 99, 66123 Saarbrücken 148 pp. Englisch. Seller Inventory # 9783659166396
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Vulnerability And Risk Sharing Of Chinese Households : The Risks And Household Behaviors During China's Rapid Economic Transition
Published by
LAP LAMBERT Academic Publishing, 2012
ISBN 10: 3659166391
ISBN 13: 9783659166396
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Taschenbuch. Condition: Neu. nach der Bestellung gedruckt Neuware - Printed after ordering - This book focuses on measuring risk faced by households in the largest developing country China. First I develop a costly transfer model between distant households and use a data set on rural households to test whether economic distance hinders their ability to share risks among them. I find that economic distance does matter, and that economic distance and income shocks jointly determine the amount of risk sharing between households. Then I develop a new measure of vulnerability, which is designed to be robust to measurement-errors and non-stationary consumption processes. Monte Carlo experiments show that it performs better than other estimators proposed in the literature. Finally I apply this new estimator to urban households to evaluate the welfare consequences of consumption growth, unequal distribution and risks during 2002 2004. I find that unequal distribution causes a large reduction in average household welfare, that aggregate consumption growth will compensate this loss after about 8.5 years, and that risks at different levels of aggregation all significantly reduce households welfare, although the impact of risk on welfare is smaller than that of unequal distribution. Seller Inventory # 9783659166396
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Vulnerability And Risk Sharing Of Chinese Households | The Risks And Household Behaviors During China's Rapid Economic Transition
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Taschenbuch. Condition: Neu. Vulnerability And Risk Sharing Of Chinese Households | The Risks And Household Behaviors During China's Rapid Economic Transition | Xiangyi Meng | Taschenbuch | 148 S. | Englisch | 2012 | LAP LAMBERT Academic Publishing | EAN 9783659166396 | Verantwortliche Person für die EU: preigu GmbH & Co. KG, Lengericher Landstr. 19, 49078 Osnabrück, mail[at]preigu[dot]de | Anbieter: preigu. Seller Inventory # 106361545
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Vulnerability And Risk Sharing Of Chinese Households: The Risks And Household Behaviors During China*s Rapid Economic Transition
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