The empirical literature on household savings tends to treat savings simply as the residual of income minus consumption. This paper takes a unique approach to reconstruct the cash and asset balances using detailed household transaction data on farm households in rural India and generates monthly...

This study offers empirical evidence on the rural-urban gap in the context of growing inequality in Asia. First, China and India explain the trends in regional inequality given their large populations, signifying their importance as major contributors. Overall, China's income inequality is...