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Precautionary motivation and consumption insurance: Empirical analysis of household consumption behavior in rural China

Precautionary motivation and consumption insurance: Empirical analysis of household consumption... Based on a household survey in rural China, this paper discusses parameters such as precautionary motive, excess sensitivity, consumption insurance, and inter-temporal substitution in the household consumption function in rural China. The conclusions of the paper indicate that there is a significant precautionary motive in household consumption in rural China, but the function of consumption insurance is very limited, and the consumption is also excessively sensitive to the income change. Such parameters are different among consumers within different groups. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Frontiers of Economics in China Brill

Precautionary motivation and consumption insurance: Empirical analysis of household consumption behavior in rural China

Frontiers of Economics in China , Volume 2 (1): 137 – Jan 1, 2007

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Publisher
Brill
Copyright
Copyright 2007 by Koninklijke Brill NV, Leiden, The Netherlands
ISSN
1673-3444
eISSN
1673-3568
DOI
10.1007/s11459-007-0007-z
Publisher site
See Article on Publisher Site

Abstract

Based on a household survey in rural China, this paper discusses parameters such as precautionary motive, excess sensitivity, consumption insurance, and inter-temporal substitution in the household consumption function in rural China. The conclusions of the paper indicate that there is a significant precautionary motive in household consumption in rural China, but the function of consumption insurance is very limited, and the consumption is also excessively sensitive to the income change. Such parameters are different among consumers within different groups.

Journal

Frontiers of Economics in ChinaBrill

Published: Jan 1, 2007

Keywords: rural China; precautionary motive; excess sensitivity; consumption insurance

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