Further processing options
Consumption response to minimum wages: evidence from Chinese households
Saved in:
| Authors and Corporations: | , , |
|---|---|
| Title: | Consumption response to minimum wages: evidence from Chinese households/ Ernest Dautović, Harald Hau, Yi Huang |
| Type of Resource: | E-Book |
| Language: | English |
| published: |
Frankfurt am Main, Germany
European Central Bank
[2019]
|
| Series: |
Europäische Zentralbank: Working paper series ; no 2333 (December 2019)
|
| Source: | Verbunddaten SWB Lizenzfreie Online-Ressourcen |
| Abstract: | 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. |
|---|---|
| Physical Description: | 1 Online-Ressource (circa 69 Seiten); Illustrationen |
| ISBN: |
9789289939027
9289939028 |
| DOI: | 10.2866/13656 |