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英文文献：Can Growth Compensate Inequality and Risk?---a welfare analysis for Chinese households-增长能弥补不平等和风险吗?——中国家庭福利分析
英文文献作者：Cao, Heping,Ligon, Ethan,Meng, Xiangyi
英文文献摘要：
It has been widely observed that China's break-neck growth has not been equally shared between rural and urban areas, with urban households' enjoying a much larger proportion. To further test whether regional inequality exists within urban areas, we measure urban households vulnerability in a risky environment and decompose this measure to quantify China aggregate risks, province-level risks and idiosyncratic risks faced by households situated in 31 provinces. Besides, under this framework of analysis, we are able to make welfare comparisons between growth, inequality and different risks. We find that inequality has very big negative effect on households' welfare, while growth is able to compensate nearly half of it; households seem to be able to smooth consumption against risk in both province and individual level, but unable to do so against China shocks, which affect all the households simultaneously.
人们普遍认为，中国惊人的增长并没有在城乡地区得到平均分配，其中城市家庭的比例要大得多。为了进一步检验城市地区是否存在区域不平等，我们测量了城市家庭在风险环境中的脆弱性，并将其分解，以量化中国31个省的家庭所面临的总体风险、省级风险和特质风险。此外，在这个分析框架下，我们可以对增长、不平等和不同风险之间的福利进行比较。我们发现，不平等对家庭福利有非常大的负面影响，而增长能够弥补近一半的影响;家庭似乎能够平滑消费以应对各省和个人层面的风险，但却无法应对同时影响所有家庭的中国冲击。
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