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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
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author Dautovic, Ernest, Hau, Harald, Huang, Yi
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contents 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.
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spelling Dautovic, Ernest 1981- VerfasserIn (DE-588)1191134091 (DE-627)1669577716 aut, Consumption response to minimum wages evidence from Chinese households Ernest Dautović, Harald Hau, Yi Huang, Frankfurt am Main, Germany European Central Bank [2019], 1 Online-Ressource (circa 69 Seiten) Illustrationen, Text txt rdacontent, Computermedien c rdamedia, Online-Ressource cr rdacarrier, Working paper series / European Central Bank no 2333 (December 2019), 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., Hau, Harald 1966- VerfasserIn (DE-588)124951031 (DE-627)368960749 (DE-576)294585281 aut, Huang, Yi VerfasserIn (DE-588)1050058402 (DE-627)783267088 (DE-576)404363261 aut, Europäische Zentralbank Working paper series no 2333 (December 2019) 2333 (DE-627)372370322 (DE-576)108090442 (DE-600)2123559-4 1725-2806, https://doi.org/10.2866/13656 Resolving-System kostenfrei, https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2333~f3eecb0daa.en.pdf Verlag kostenfrei, http://hdl.handle.net/10419/228211 Resolving-System kostenfrei, https://doi.org/10.2866/13656 LFER, https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2333~f3eecb0daa.en.pdf LFER, LFER 2019-12-18T00:00:00Z
spellingShingle Dautovic, Ernest, Hau, Harald, Huang, Yi, Consumption response to minimum wages: evidence from Chinese households, Europäische Zentralbank, Working paper series, no 2333 (December 2019), 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.
title Consumption response to minimum wages: evidence from Chinese households
title_auth Consumption response to minimum wages evidence from Chinese households
title_full Consumption response to minimum wages evidence from Chinese households Ernest Dautović, Harald Hau, Yi Huang
title_fullStr Consumption response to minimum wages evidence from Chinese households Ernest Dautović, Harald Hau, Yi Huang
title_full_unstemmed Consumption response to minimum wages evidence from Chinese households Ernest Dautović, Harald Hau, Yi Huang
title_in_hierarchy no 2333 (December 2019). Consumption response to minimum wages: evidence from Chinese households ([2019])
title_short Consumption response to minimum wages
title_sort consumption response to minimum wages evidence from chinese households
title_sub evidence from Chinese households
url https://doi.org/10.2866/13656, https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2333~f3eecb0daa.en.pdf, http://hdl.handle.net/10419/228211