Chamon, Marcos; Liu, Kai; Prasad, Eswar - Institute for the Study of Labor (IZA) - 2010
China's household saving rate has increased markedly since the mid-1990s and the age-saving profile has become U … permanent variance of household income was stable, the transitory variance rose sharply. Based on these estimates, we calibrate … household savings rate and the U-shaped age-profile of savings. …