Do Relative Income and Income Inequality Affect Consumption? Evidence from the Villages of Rural China

Author:

Sun Wenkai1,Wang Xianghong1

Affiliation:

1. a School of Economics, Renmin University of China , Beijing

Publisher

Informa UK Limited

Subject

Development

Reference44 articles.

1. Do consumption expenditures depend on the household's relative position in the income distribution?

2. How much do we care about absolute versus relative income and consumption?

3. Arellano, M. and Bond, S. R. 1991. Some tests of specification for panel data: Monte Carlo evidence and an application to employment equations. Review of Economic Studies, 58, pp. 277–297.

4. Did Higher Inequality Impede Growth in Rural China?

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