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

Using micro-level data, we document a systematic, income-related component in household income forecast errors. We show … persistence of their income process. We then investigate the implications of these distortions on consumption and savings behavior …

COVID-19 outbreak. It uses granular financial data from weekly household interviews covering six weeks before the first case … income from gifts and remittances reduced by more than one third since the start of the pandemic. Nevertheless, household … together and despite their affected livelihoods, households managed to keep food consumption at par, but this came at the cost …