Local Elections and Consumption Insurance : Evidence from Chinese Villages
No hay miniatura disponible
Fecha
Autores
Título de la revista
ISSN de la revista
Título del volumen
Editor
World Bank, Washington, DC
Resumen
Descripción
While the literature on consumption
insurance is growing fast, little research has been
conducted on how rural consumption insurance is affected by
democracy. In this paper the authors examine how consumption
insurance of Chinese rural residents is affected if the
local leader is democratically elected. Exploring a unique
panel data set of 1,400 households from 1987 to 2002, they
find that consumption insurance is more complete when the
households are in villages with elected village leaders.
Furthermore, democracy improves consumption insurance only
for the poor and middle-income farmers, but not for the
rich. These findings underline the importance of democratic
governance for ensuring better rural consumption insurance
and poverty reduction.
Palabras clave
ADMINISTRATIVE COSTS, AGRICULTURE, ANNUAL GROWTH, ANNUAL GROWTH RATE, AVERAGE ANNUAL, AVERAGE INCOME, BUDGET CONSTRAINT, CONSUMPTION GROWTH, CONSUMPTION INSURANCE, CONSUMPTION LEVELS, CONSUMPTION SMOOTHING, CREDIT MARKET, CROSS SECTION UNIT, DATA SET, DECENTRALIZATION, DEMAND FOR CONSUMPTION, DETERMINANTS OF CONSUMPTION, DEVELOPED COUNTRIES, DEVELOPING COUNTRIES, DEVELOPMENT ECONOMICS, ECONOMETRICS, ECONOMIC ANALYSIS, ECONOMIC DEVELOPMENT, ECONOMIC EFFECTS, ECONOMIC OUTCOMES, ECONOMIC PERSPECTIVES, ECONOMIC REVIEW, EMPIRICAL ISSUE, EMPIRICAL RESULTS, EXPLANATORY POWER, EXPLANATORY VARIABLE, FARMERS, FUNCTIONAL FORM, FUTURE RESEARCH, GDP, GDP PER CAPITA, GOVERNMENT REGULATIONS, GROWTH EQUATION, HOUSEHOLD CHARACTERISTICS, HOUSEHOLD CONSUMPTION, HOUSEHOLD CONTROLS, HOUSEHOLD DATA, HOUSEHOLD HEAD, HOUSEHOLD HEADS, HOUSEHOLD INCOME, HOUSEHOLD MEMBERS, HOUSEHOLD SIZE, HOUSEHOLD SIZES, IDIOSYNCRATIC SHOCKS, IMPLICATIONS FOR CONSUMPTION, INCOME, INCOME GROUPS, INCOME GROWTH, INCOME LEVEL, INCOME SHOCKS, INCOME SMOOTHING, INCOMES, INFORMAL INSURANCE, LEVELS OF CONSUMPTION, MEASUREMENT ERRORS, MEDIAN VOTER, MEDIAN VOTER THEOREM, MEDIAN VOTERS, MIDDLE CLASS, NEGATIVE EXTERNALITY, 0 HYPOTHESIS, OPTIMIZATION, POLICY IMPLICATIONS, POLICY RESEARCH, POLITICAL ECONOMY, POOR, POOR FARMERS, POSITIVE EFFECT, POVERTY REDUCTION, PUBLIC CHOICE, PUBLIC ECONOMICS, PUBLIC EXPENDITURE, PUBLIC EXPENDITURES, PUBLIC GOODS, REDUCING POVERTY, REDUCTION IN CONSUMPTION, RISK AVERSION, RISK SHARING, RURAL, RURAL AREAS, RURAL CREDIT, RURAL ECONOMY, RURAL HOUSEHOLD, RURAL HOUSEHOLDS, RURAL RESIDENTS, SAVINGS, SIGNIFICANCE LEVEL, TAXATION, TOTAL INCOME, UTILITY FUNCTION, VILLAGE LEADERS, WEALTH