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This paper estimates the household income growth rates implied by food demand in a sample of urban Chinese households in 1993–2005. Our estimates, based on Engel curves for food consumption, indicate an average per capita income growth of 6.8 percent per year in 1993–2005. This...
Persistent link: https://www.econbiz.de/10011142159
From 1995 to 2005, the average urban household saving rate in China rose by 7 percentage points, to ¼ of disposable income. We use household-level data to explain the postponing of consumption despite rapid income growth. Tracing cohorts over time indicates virtually no consumption smoothing...
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This Joint Staff Advisory Note reviews the Poverty Reduction Strategy Paper Progress Report for Mongolia. Recent economic developments have been broadly favorable. Real GDP growth exceeded 10.5 percent in 2004 and is expected to remain robust, at about 5.5 percent in 2005, with a recovery in...
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Recognizing that intrahousehold inequalities exist, this study focuses on the distribution of resources toward children across household types. A bargaining framework is used to test whether it matters who has control over resources. Results show that control over resources matters, as well as...
Persistent link: https://www.econbiz.de/10005768747
This paper uses Engel curves to estimate real income growth in Brazil. The estimated per capita household real income growth in metropolitan areas during 1987-2002 is about 4½ percent per year, well above the "headline" growth of 1½ percent obtained by deflating nominal incomes by the CPI....
Persistent link: https://www.econbiz.de/10005768765
The Chinese government has recently focused on the need to increase consumption to rebalance the economy. A widely held view is that despite China's remarkably high growth, the share of consumption in total expenditure has been low and declining due to high and rising saving rate of Chinese...
Persistent link: https://www.econbiz.de/10005768788