Showing 1 - 10 of 668
China's high household savings rate has attracted great academic interest but remains a puzzle. Potential explanations … primary causes of high levels of savings among Chinese households …
Persistent link: https://www.econbiz.de/10013172155
China's household saving rate has increased markedly since the mid-1990s and the age-savings profile has become U … stable while it is the transitory variance that rises sharply. A calibration of a buffer-stock savings model indicates that … rising savings rates among younger households are consistent with rising income uncertainty and higher saving rates among …
Persistent link: https://www.econbiz.de/10012462092
Recent fiscal policies, including the 2008 stimulus payments and the 2009 Making Work Pay tax credit, aimed to increase household spending. This paper quantifies the spending response to these policies and examines differences in spending by whether the stimulus was delivered as a one-time...
Persistent link: https://www.econbiz.de/10012462409
Matched transaction-level, credit-registry, and survey-based data reveal that consumers on average form excessively high (low) income expectations relative to ex-post realizations after unexpected positive (negative) income shocks. These extrapolative income expectations lead consumers to...
Persistent link: https://www.econbiz.de/10014635678
Obesity is an important global health problem. Although obesity is not directly related to access to health care or constrained by resource deprivation, overweight status is predominantly found in poor, less-educated populations. This paper seeks to identify the causal role of schooling in...
Persistent link: https://www.econbiz.de/10012480036
China's recently implemented New Rural Pension Scheme (NRPS), the largest social pension program in the world, was designed to provide financial protection for its rural population and reduce economic inequities. Yet the impact of this program is mitigated if those eligible fail to enroll. This...
Persistent link: https://www.econbiz.de/10012453648
This paper addresses the role of tropical disease in rural demography and land use rights, using data from Onchocerciasis (river blindness) control in Burkina Faso. We combine a new survey of village elders with historical census data for 1975-2006 and geocoded maps of treatment under the...
Persistent link: https://www.econbiz.de/10012459417
had two parts. In the first part, we waived the fixed cost of opening a basic savings account at a local bank for a random … side, however. More work needs to be done to understand what savings and credit products are best suited for the majority …
Persistent link: https://www.econbiz.de/10012460808
We consider risk sharing in rural China during its rapid economic transformation from the late 1980s through the late 2000s. We document an erosion of consumption insurance against both household-level idiosyncratic and village-level aggregate income shocks, and show that this decline is related...
Persistent link: https://www.econbiz.de/10013334362
It has been argued that since 2014, under the BJP-led central government, welfare benefits in India have become better targeted and less prone to clientelistic control by state and local governments. Arguably this has helped to increase the vote share of the BJP vis-a-vis regional parties. We...
Persistent link: https://www.econbiz.de/10014486248