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• W2183617740 abstract "This paper seeks to estimate the eect of positive lump-sum income shocks experienced by Chinese households beginning in 1993, analyzing the evolution of an unusual grain quota system. This system mandated that households sell part of their grain output to the state at a below-market price that increased over time, generating positive income shocks that varied cross-sectionally in accordance with crop composition. The identication strategy seeks to exploit climatic variation in the propensity to cultivate dierent crops in conjunction with variation in the quota price over time to identify quasi-random variation in the size of the income shocks. The results suggest that investment in agriculture falls as households gain increased income, while there are sharp increases in non-staple consumption; there is also evidence of increased employment in household industrial enterprises, and increased borrowing." @default.
• W2183617740 created "2016-06-24" @default.
• W2183617740 creator A5042025654 @default.
• W2183617740 date "2014-01-01" @default.
• W2183617740 modified "2023-09-27" @default.
• W2183617740 title "Grain into gold? The impact of agricultural income shocks on rural Chinese households" @default.
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• W2183617740 hasPublicationYear "2014" @default.
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