This paper analyzes whether China's investment and savings rates are too high by considering the rate of return to investment and other factors. It also investigates the reasons for the rapid increase in the savings rate by using various sources of data and analytical tools. In particular, much...

Relying on the present literature, official statistics, and household survey data in the People's Republic of China, this paper summarizes research findings on the relationship between urbanization, urban-rural inequality, and poverty, and provides further empirical evidence on the role of...

The paper evaluates the impact of the Chinese minimum wage policy on consumption of low-wage households for the period 2002-2009. Using a representative household panel, we find that the consumption response to minimum wage income shock is increasing in the minimum wage share of household income...