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's Republic of China (PRC). Despite its remarkable economic achievement, the PRC faces a difficult path before it can reform and …
Persistent link: https://www.econbiz.de/10003983424
This paper introduces the current social insurance system in China and discusses how the system affects household … program in rural China to examine how insurance coverage affects household consumption. Results show that on average, the … how the high payroll tax rate in China influences household consumption. Using the 2002–2006 urban household survey data …
Persistent link: https://www.econbiz.de/10014258280
's Republic of China (PRC). Despite its remarkable economic achievement, the PRC faces a difficult path before it can reform and …
Persistent link: https://www.econbiz.de/10013143106
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This paper examines the impact of idiosyncratic income shocks on household consumption, educational expenditure and fertility in Indonesia, and assesses whether the investment in human capital of children and fertility are used to smooth household consumption. Using six different kinds of...
Persistent link: https://www.econbiz.de/10003352303
We construct a Blanchard-style overlapping generations model consisting of long-lived individuals who have uninsurable idiosyncratic risk resulting from uncertain retirement periods and medical costs in retirement. Without social insurance, such individuals must save for these eventualities. We...
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