This paper uses a lifecycle model to study household finance in China, focusing on the high savings rate, the low stock … market participation rate and the low share of stocks in wealth. We control for important regime changes in China in the … estimation of structural parameters, and examine their impacts on household finance patterns. Relative to the US, the distinctive …

From 1995 to 2005, the average urban household saving rate in China rose by 7 percentage points, to about one quarter … of disposable income. We use household-level data to explain why households are postponing consumption despite rapid …

In this paper, we conduct a dynamic panel analysis of the determinants of the household saving rate in China using a … life cycle model and panel data on Chinese provinces for the 1995-2004 period from China?s household survey. We find that … China?s household saving rate has been high and rising and that the main determinants of variations over time and over space …

This paper studies the effect that changing demographic patterns have had on the household saving rate in China. We …'s utility enter into parent's utility where parents choose the consumption level of the young until they leave the household … the household saving rate …

household sectors. Although the causes of China's high saving are complex, we suggest that the evolving economic, demographic …-2008. Using data from the Flow of Funds Accounts (FFA) and Urban Household Surveys (UHS) supplemented by the findings from … existing studies, we analyze the sources and causes of China's high and rising saving rates in the government, corporate, and …

China's household saving rate has increased markedly since the mid-1990s and the age-savings profile has become U … accompanied by a substantial increase in income uncertainty. Interestingly, the permanent variance of household income remains … that rising income uncertainty and pension reforms can account for over half of the increase in the urban household savings …

aggregate household saving rates in Japan, China, and India. The observed age distributions help explain the contrasting saving … lower household saving rates in Japan and China …We present a model of household life-cycle saving decisions in order to quantify the impact of demographic changes on …

We employ a model of precautionary saving to study why household saving rates are so high in China and so low in the US … components. This decomposition indicates that over 80 percent of China's saving rate and nearly all of the US saving arises from … the precautionary motive. The difference in the income growth rate between China and the US is vastly more important for …

critical for understanding the relationship between aggregate fertility and household savings. First, we document that parents … household savings. Then, we construct an OLG model that parametrically matches the PE empirical evidence. Finally, we extend the … aggregate fertility on household savings …