Asset poverty in urban China: A study using the 2002 Chinese household income project

Jin Huang, Minchao Jin, Suo Deng, Baorong Guo, Li Zou, Michael Sherraden

    Research output: Contribution to journalArticle

    Abstract

    Defining asset poverty as insufficiency of assets to satisfy household basic needs for a limited period of time, the study examines asset-poverty rates in urban China using the 2002 survey data from the Chinese Household Income Project (CHIP). We find that asset-poverty rates in urban China are lower than those of developed countries, in part due to Chinese households' strong commitment to precautionary savings and the low poverty standards. However, the liquid asset-poverty rate is five times that of the income-poverty rate in urban China. Notably, the asset-poverty-gap ratio shows that most households in asset poverty have zero liquid assets or negative net worth. Asset building could be an integral part of the anti-poverty agenda to protect the poor from economic hardship and provide them with opportunities for economic growth.

    Original languageEnglish (US)
    Pages (from-to)763-781
    Number of pages19
    JournalJournal of Social Policy
    Volume42
    Issue number4
    DOIs
    StatePublished - Oct 1 2013

    Fingerprint

    household income
    poverty
    assets
    China
    project
    basic needs
    liquid
    basic need
    savings
    economic growth
    income
    commitment
    rate
    economics

    ASJC Scopus subject areas

    • Social Sciences (miscellaneous)
    • Public Administration
    • Management, Monitoring, Policy and Law

    Cite this

    Asset poverty in urban China : A study using the 2002 Chinese household income project. / Huang, Jin; Jin, Minchao; Deng, Suo; Guo, Baorong; Zou, Li; Sherraden, Michael.

    In: Journal of Social Policy, Vol. 42, No. 4, 01.10.2013, p. 763-781.

    Research output: Contribution to journalArticle

    Huang, Jin ; Jin, Minchao ; Deng, Suo ; Guo, Baorong ; Zou, Li ; Sherraden, Michael. / Asset poverty in urban China : A study using the 2002 Chinese household income project. In: Journal of Social Policy. 2013 ; Vol. 42, No. 4. pp. 763-781.
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