scholarly journals Household Income Dynamics in Rural China

2004 ◽  
pp. 107-123 ◽  
Author(s):  
Jyotsna Jalan ◽  
Martin Ravallion
2018 ◽  
Vol 63 (01) ◽  
pp. 147-166
Author(s):  
PAUL D. McNELIS ◽  
NAOYUKI YOSHINO

This paper examines asset price and household income/consumption dynamics in a small open economy subject to terms of trade shocks, under two financial regimes. The first is a pure banking regime, in which firms borrow from banks for financing costs of labor, investment and intermediate goods for both the relatively riskless natural-resource traded sector and the non-traded sector. The second regime is more financially-inclusive banking/crowdfunding (BCF) regime, in which the households directly receive returns to capital from pooled lending to home-goods firms. Simulation results show that the banking regime better insulates the economy from negative shocks but limits the upside gain from positive shocks which would take place in the banking-crowdfunding regime.


1981 ◽  
Vol 88 ◽  
pp. 629-644 ◽  
Author(s):  
John P. Burns

While social scientists have examined in some detail the income earning activities of Chinese peasants in communes, the primary focus of these studies has been to describe the general pattern of peasant behaviour – the orthodox, legitimate, legally sanctioned methods for increasing collective (and household) income. What these studies ignore, however, is the existence of a “second economy” in rural China, characterized by a wide range of informal, extra– or illegal strategies also designed to enhance collective income. In Guangdong from 1962 to 1974 these included: altering the size of production units; speculation; fraudulent loan applications; corruption; theft; withholding goods or services; false reporting; and violence or demonstrations. While acknowledging that these activities did not represent the norm, nonetheless, a systematic discussion of informal and perhaps deviant behaviour, highlighting time and participant variations, is necessary to form a more accurate picture of Chinese peasant behaviour.


2003 ◽  
Vol 40 (2) ◽  
pp. 30-54 ◽  
Author(s):  
Gary Fields ◽  
Paul Cichello ◽  
Samuel Freije ◽  
Marta Menéndez ◽  
David Newhouse

Demography ◽  
2015 ◽  
Vol 52 (2) ◽  
pp. 455-483 ◽  
Author(s):  
Lisa A. Gennetian ◽  
Sharon Wolf ◽  
Heather D. Hill ◽  
Pamela A. Morris

Author(s):  
Ying Feng

The question of whether or how education affects income is a basic concern for economists and policy makers. The fact that education improves one's living perspectives is also a strong argument for undertaking substantial schooling investment in the developed and developing worlds. All these initiatives point to a more fundamental question: How do the better educated earn more? This study seeks to understand this question by drawing on the experience of policy reforms in rural China. In particular, I estimate the net profit function of rural households using China Household Income Project in 2002. I find strong support that education is rewarded through affecting households' allocation of labor and investments. It is estimated that an additional year of education is associated with 2.54 percent increase in net profits: 1.1 percent comes from better allocation of labor; 0.35 percent comes from better utilization of investment; 1.09 percent is due to the direct impact of education on earnings. The study has potentially important policy implications for completing China's economic reforms in that education is a crucial element. It also mirrors the experiences of other developing countries and shed light on how schooling should be financed: focusing on a few rather than universal provision may have a more profound impact on earnings.


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