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 …

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 …