Labor supply and expenditures: econometric estimation from Chinese household data
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The Department of Economic Science was founded in 1898 to teach economic theory as a truth of industrial life, and was very much concerned with applying economics to business and industry, particularly agriculture. Between 1910 and 1967 it showed the growing influence of other social studies, such as sociology, history, and political science. Today it encompasses the majors of Agricultural Business (preparing for agricultural finance and management), Business Economics, and Economics (for advanced studies in business or economics or for careers in financing, management, insurance, etc).
History
The Department of Economic Science was founded in 1898 under the Division of Industrial Science (later College of Liberal Arts and Sciences); it became co-directed by the Division of Agriculture in 1919. In 1910 it became the Department of Economics and Political Science. In 1913 it became the Department of Applied Economics and Social Science; in 1924 it became the Department of Economics, History, and Sociology; in 1931 it became the Department of Economics and Sociology. In 1967 it became the Department of Economics, and in 2007 it became co-directed by the Colleges of Agriculture and Life Sciences, Liberal Arts and Sciences, and Business.
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1898–present
Historical Names
- Department of Economic Science (1898–1910)
- Department of Economics and Political Science (1910-1913)
- Department of Applied Economics and Social Science (1913–1924)
- Department of Economics, History and Sociology (1924–1931)
- Department of Economics and Sociology (1931–1967)
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- College of Agricultural and Life Sciences (parent college)
- College of Liberal Arts and Sciences (parent college)
- College of Business (parent college)
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Abstract
This dissertation focuses on labor supply for urban and rural Chinese and the analysis of Chinese rural and urban household expenditures with welfare comparisons.
The first chapter uses data for individuals taken from the 2002 Chinese Household Income Project (CHIP) covering twelve provinces in urban China and twenty-two provinces in rural China to examine decisions of individual's probability of working, wage while working and labor supply. We assume a single wage elasticity for each group of individuals differed by gender and location, and assume fixed housing prices across the locations in urban and rural areas. We find a number of differences between women and men and between rural and urban areas for a given gender.
The second chapter develops the model in the first chapter from several aspects. We permit the estimated wage elasticities of labor supply for low, medium and high wage individuals to differ, and examine the effects of housing prices on labor supply. The results suggest that labor supply elasticities differ by the location of an individual in the wage distribution and high housing prices increase labor supply for urban men and women and rural men.
The third chapter examines Chinese rural and urban household expenditures on goods and services using an Almost Ideal Demand System (AIDS) fitted to provincial aggregate data over 2002-2011 and uses the estimated coefficients to provide estimates of income and price elasticities of demand for six commodity groups. We use these estimates to make welfare comparisons over time for rural and urban households. Our preferred rural-urban household welfare comparison shows that the welfare growing at approximately 1% per year for urban Chinese households and 1.5% for rural Chinese households and with a small amount of convergence (4%) over the study period.