mobility is high in China, a low fertility rate implies more future capital outflows. But if capital is less mobile, low …This study assesses the economic implications of China''s changing population in the 21st century using a numerical … general equilibrium model. The simulations show that lower fertility rates yield lower saving rates. Since lower fertility …

China’s household saving rate has increased markedly since the mid-1990s and the age-savings profile has become U … and pension reforms can account for over half of the increase in the urban household savings rate in China since the mid … increase in income uncertainty. Interestingly, the permanent variance of household income remains stable while it is the …

Household savings behavior in China during the past 30 years has been studied by using econometric models with the time …

From 1995 to 2005, the average urban household saving rate in China rose by 7 percentage points, to 1⁄4 of disposable … income. We use household-level data to explain the postponing of consumption despite rapid income growth. Tracing cohorts … demographic groups, although the age-profile of savings has an unusual U-shaped pattern, with saving rates being the highest among …

Historically high household debt in several economies is calling for a deleveraging, but according to some economists …, this paper finds evidence of a negative relationship between changes of household debt-to-income ratios and saving rates … suggest that the economic cost associated with household deleveraging may be overestimated and motivate a deleveraging via …

This paper explores the interaction between corporate ownership concentration and private savings, and by extension …, the current account balance in Germany. As high corporate savings largely reflected capital income accruing to wealthy … widening top income inequality, rising private savings and compressed consumption rates. Rising corporate profits in an …

, explained mainly by permanent income, has only increased moderately in the 1990s; household behavior—not corporate behavior …

household savings. In particular, income taxes are shown to affect negatively the household saving rate much more than …This paper analyzes anew the relationship between taxation and the household saving rate. On the basis of standard … savings and tax revenue data from, it provides compelling and robust empirical evidence of a powerful impact of taxes on …

United Kingdom. Mortgage market liberalization and innovation should reduce household cash flow and collateral constraints …

This paper develops and tests a model of Japan’s household savings rate, based on the life-cycle hypothesis that the … primary motive for savings is provision for retirement. The paper shows that Japan’s high household savings rate in recent … improvements in public pension benefits and the aging of the population. It projects that the savings rate will decline …