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Consumption response to minimum wages: evidence from Chinese households

Gespeichert in:

Personen und Körperschaften: Dautovic, Ernest (VerfasserIn), Hau, Harald (VerfasserIn), Huang, Yi (VerfasserIn)
Titel: Consumption response to minimum wages: evidence from Chinese households/ Ernest Dautović, Harald Hau, Yi Huang
Format: E-Book
Sprache: Englisch
veröffentlicht:
Frankfurt am Main, Germany European Central Bank [2019]
Gesamtaufnahme: Europäische Zentralbank: Working paper series ; no 2333 (December 2019)
Quelle: Verbunddaten SWB
Lizenzfreie Online-Ressourcen
Details
Zusammenfassung: The paper evaluates the impact of the Chinese minimum wage policy on consumption of low-wage households for the period 2002-2009. Using a representative household panel, we find that the consumption response to minimum wage income shock is increasing in the minimum wage share of household income and that poorer households fully consume their additional income. The large marginal propensity to consume is driven by households with at least one child, while childless poor households save two thirds of a minimum wage hike. The expenditure increase is concentrated in health care and education with potentially long-lasting benefits to household welfare.
Umfang: 1 Online-Ressource (circa 69 Seiten); Illustrationen
ISBN: 9789289939027
9289939028
DOI: 10.2866/13656