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- W2368323469 abstract "Based on the theory of intertemporal substitution and asset allocation, this paper establishes a suitable model for China. By this model and the corresponding economic data, we analyze the problems in China’s consumption growth. We find that (1) the key to the underconsumption problem is how to improve the elasticity of intertemporal substitution; (2) changing individual risk preference or improving individual social status is not theoretically feasible; (3) narrowing the earning gap may be helpful in stimulating consumption." @default.
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- W2368323469 date "2005-01-01" @default.
- W2368323469 modified "2023-09-25" @default.
- W2368323469 title "Individual Rationality, Risk Preference, Social Status and the Consumption Growth in China" @default.
- W2368323469 hasPublicationYear "2005" @default.
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