Precautionary motivation and consumption insurance: Empirical analysis of household consumption behavior in rural China |
| |
Authors: | Chuliang Luo |
| |
Institution: | (1) Institute of Economics, Chinese Academy of Social Sciences, Beijing, 100836, China |
| |
Abstract: | Based on a household survey in rural China, this paper discusses parameters such as precautionary motive, excess sensitivity,
consumption insurance, and inter-temporal substitution in the household consumption function in rural China. The conclusions
of the paper indicate that there is a significant precautionary motive in household consumption in rural China, but the function
of consumption insurance is very limited, and the consumption is also excessively sensitive to the income change. Such parameters
are different among consumers within different groups.
__________
Translated from Zhongguo Nongcun Jingji 中国农村经济 (Chinese Rural Economy), 2006, (4): 12–19 |
| |
Keywords: | rural China precautionary motive excess sensitivity consumption insurance |
本文献已被 万方数据 SpringerLink 等数据库收录! |
|