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DTSTART:20251102T020000
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DESCRIPTION:Hukou and consumption heterogeneity: Migrants’ expenditure is d
 epressed by institutional constraints in urban China (Authors: Binkai Chen
 \, Ming Lu and Ninghua Zhong) This paper provides a new explanation for Ch
 ina’s extremely low consumption-to-GDP ratio\, highlighting the constraint
 s of the “household registration system” (Hukou) on China’s household cons
 umption. Our baseline results show that the consumption of migrants withou
 t an urban Hukou is 30.7% lower than that of urban residents. Moreover\, c
 onsumption heterogeneity cannot be explained by migration effects\, cultur
 e\, social norms\, habits or some other forms of household heterogeneity. 
 Further studies on the composition of household consumption have shown tha
 t the gaps are largest in areas such as education and culture\, durable go
 ods and health. As both the number and income level of migrants are rising
 \, the constraining effects of Hukou on household consumption will continu
 e to increase. Speaker: Ming Lu (School of Economics\, Fudan University an
 d Zhejiang University\, China) 
DTEND:20120220T220000Z
DTSTAMP:20260308T210319Z
DTSTART:20120220T210000Z
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SUMMARY:Trade Development and Political Economy presents: Ming Lu
UID:RFCALITEM639085861994644072
X-ALT-DESC;FMTTYPE=text/html:Hukou and consumption heterogeneity: Migrants’
  expenditure is depressed by institutional constraints in urban China (Aut
 hors: Binkai Chen\, Ming Lu and Ninghua Zhong) This paper provides a new e
 xplanation for China’s extremely low consumption-to-GDP ratio\, highlighti
 ng the constraints of the “household registration system” (Hukou) on China
 ’s household consumption. Our baseline results show that the consumption o
 f migrants without an urban Hukou is 30.7% lower than that of urban reside
 nts. Moreover\, consumption heterogeneity cannot be explained by migration
  effects\, culture\, social norms\, habits or some other forms of househol
 d heterogeneity. Further studies on the composition of household consumpti
 on have shown that the gaps are largest in areas such as education and cul
 ture\, durable goods and health. As both the number and income level of mi
 grants are rising\, the constraining effects of Hukou on household consump
 tion will continue to increase. Speaker: Ming Lu (School of Economics\, Fu
 dan University and Zhejiang University\, China) <br>
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