The Price of Growth: Consumption Insurance in China 1989–2009
Sign Up to like & getrecommendations! Published in 2018 at "American Economic Journal: Macroeconomics"
DOI: 10.1257/mac.20160250
Abstract: We exploit a novel and unique opportunity to document the transmission of income risk to consumption in a growing economy. Our laboratory is China, an economy that has witnessed enormous and sustained growth. We build… read more here.
Keywords: consumption insurance; price growth; 1989 2009; consumption ... See more keywords