经济学院2018年第八次学术研讨会——宏观研讨班（三）

主讲人：邹建文 博士研究生

单 位：游艇会线路检测中心

题 目：Income Shock, Partial Insurance and Welfare Effect: Differece between Chinese Urban and Rural Consumption

时 间：2018年4月10日（周二）晚上19:00

地 点：经济学院402会议室

摘要：This paper estimate income shock, partial insurance based minimum distance estimator, and estimate preference parameter based life cycle model and simulated moment method. Using the estimated parameter, we calculate the welfare effect of income shock, partial insurance, and stochastic shock separately for Chinese rural and urban household. We find that Chinese rural household have higher income risk, better risk insurance, and have lower discount factor, slight higher risk aversion, comparing to urban household. The welfare effect of income shock, partial insurance, and stochastic shock is moderate.