Baker, Scott; Benmelech, Efraim; Zhishu Yang; Zhang, Qi - National Bureau of Economic Research - 2022
China's high household savings rate has attracted great academic interest but remains a puzzle. Potential explanations … include demographic, policy, and financial causes. Yet a lack of reliable microlevel data on household finances makes it … Chinese bank in Inner Mongolia. We match a large subset of bank customers to administrative records covering marriage and …