The Cost of Living in China: Implications for Inequality and Poverty
AbstractChina’s economic development in recent decades has been tremendous, but subject to debate. This paper calculates regional prices that make incomes comparable across both time and space using the Engel-curve approach. Incomes are adjusted using these price indices, providing new estimates of inequality and poverty development. Our findings contrast with measures based on the official consumer price indices (CPIs) – in a time characterized by high economic growth, we find a larger increase in inequality and a more moderate poverty reduction than what is indicated by the CPI-adjusted measures.
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Bibliographic InfoPaper provided by Oslo University, Department of Economics in its series Memorandum with number 06/2013.
Length: 43 pages
Date of creation: 07 Feb 2013
Date of revision:
Contact details of provider:
Postal: Department of Economics, University of Oslo, P.O Box 1095 Blindern, N-0317 Oslo, Norway
Phone: 22 85 51 27
Fax: 22 85 50 35
Web page: http://www.oekonomi.uio.no/indexe.html
More information through EDIRC
China; Poverty; Inequality; CPI;
Other versions of this item:
- Almås, Ingvild & Johnsen, Åshild Auglænd, 2012. "The cost of living in China: Implications for inequality and poverty," Discussion Paper Series in Economics 21/2012, Department of Economics, Norwegian School of Economics.
- D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
- E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
- F01 - International Economics - - General - - - Global Outlook
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-05-05 (All new papers)
- NEP-CNA-2013-05-05 (China)
- NEP-DEV-2013-05-05 (Development)
- NEP-LTV-2013-05-05 (Unemployment, Inequality & Poverty)
- NEP-TRA-2013-05-05 (Transition Economics)
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