Год выпуска: 2012 Автор: Xiangyi Meng Издательство: LAP Lambert Academic Publishing Страниц: 148 ISBN: 9783659166396
Описание
This book focuses on measuring risk faced by households in the largest developing country—China. First I develop a costly transfer model between distant households and use a data set on rural households to test whether economic distance hinders their ability to share risks among them. I find that economic distance does matter, and that economic distance and income shocks jointly determine the amount of risk sharing between households. Then I develop a new measure of vulnerability, which is designed to be robust to measurement-errors and non-stationary consumption processes. Monte Carlo experiments show that it performs better than other estimators proposed in the literature. Finally I apply this new estimator to urban households to evaluate the welfare consequences of consumption growth, unequal distribution and risks during 2002–2004. I find that unequal distribution causes a large reduction in average household welfare, that aggregate consumption growth will compensate this loss...
