The cost of living in China: Implications for inequality and poverty

Arbeitspapier

China'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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Memorandum ; No. 06/2013

Classification and Topics

• Classification: Wirtschaft ; Price Level; Inflation; Deflation ; Global Outlook
• Subject: Mikroökonomische Konsumfunktion ; Verbraucherpreisindex ; Verbraucherpreisindex ; Soziale Ungleichheit ; Armut ; China

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Almås, Ingvild ; Johnsen, Åshild Auglænd
• Event: Veröffentlichung
• (who): University of Oslo, Department of Economics
• (where): Oslo
• (when): 2013

Further information

• Handle: http://hdl.handle.net/10419/90719
• Last update: 10.03.2025, 11:44 AM CET