Replication data for: The Price of Growth: Consumption Insurance in China 1989–2009

Principal Investigator(s): View help for Principal Investigator(s) Raül Santaeulàlia-Llopis; Yu Zheng

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Project Description

Summary: We exploit a novel and unique opportunity to document the transmission of income risk to consumption in a growing economy. Our laboratory is China, an economy that has witnessed enormous and sustained growth. We build a long panel of household-level consumption and income data. We find that consumption insurance deteriorates along the growth process with a transmission of permanent income shocks to consumption that at least triples from 1989 to 2009. Although preliminary, our welfare analysis suggests that the loss of consumption insurance can have first-order implications for the welfare assessment of economic growth.

Scope of Project

Subject Terms: [Consumption insurance, growth, welfare]

JEL Classification:
      D12 Consumer Economics: Empirical Analysis
      E21 Macroeconomics: Consumption; Saving; Wealth
      O12 Microeconomic Analyses of Economic Development
      O47 Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
      P24 Socialist Systems and Transitional Economies: National Income, Product, and Expenditure; Money; Inflation
      P25 Socialist Systems and Transitional Economies: Urban, Rural, and Regional Economics
      P36 Socialist Institutions and Their Transitions: Consumer Economics; Health; Education and Training: Welfare, Income, Wealth, and Poverty

Geographic Coverage: China

Universe: Rural and Urban households surveyed in the China Health and Nutrition Survey

Data Type(s): survey data

Methodology

Data Source: China Health and Nutrition Survey

Unit(s) of Observation: Household,

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V1 [2019-10-12]

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