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aggregate household saving rates in Japan, China, and India. The observed age distributions help explain the contrasting saving … saving rates, while decreasing family size increases saving for both China and India. Projecting forward, the model predicts … lower household saving rates in Japan and China …
Persistent link: https://www.econbiz.de/10012457114
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 use of recursive preferences gives a convenient decomposition of saving into precautionary and non precautionary …
Persistent link: https://www.econbiz.de/10012458138
We use unique data characterizing individual savings for twins and non-twins in urban China to examine why the savings … necessary to take into account inter-generational co-residence, an important phenomenon in China and in many developing … China, but also indicate that in urban China neither old-age support by the young nor the one-child policy are major factors …
Persistent link: https://www.econbiz.de/10012458607
This study uses micro data and an overlapping generations (OLG) model to show that general equilibrium (GE) forces are critical for understanding the relationship between aggregate fertility and household savings. First, we document that parents perceive children as an important source of...
Persistent link: https://www.econbiz.de/10012458614
China presents several macroeconomic patterns that appear inconsistent with standard stylized facts about economic … Chinese economy, including its unusually low labor share and unusually high saving and investment rates. Interestingly, the …
Persistent link: https://www.econbiz.de/10012459000
in which saving decisions are tied to agents' life expectancy. Capital flows reflect differences between saving and … expectancy which changes individual household saving behavior, and by changing the age distribution of the population by which … and net foreign assets in China, Germany, Japan, and the United States …
Persistent link: https://www.econbiz.de/10012459197
Despite a vast accumulation of private capital, China is not embracing capitalism. Deceptively familiar capitalist … introduces the chapters comprising the NBER volume Capitalizing China (Fan and Morck, eds. 2012), which examine China's high … consider policy alternatives the CCP might consider if its goal is China's elevation into the ranks of high income countries …
Persistent link: https://www.econbiz.de/10012460970
In this paper, we present data on trends over time in domestic saving rates in twelve economies in developing Asia … during the 1966-2007 period and analyze the determinants of these trends. We find that domestic saving rates in developing … dependency ratio), income levels, and the level of financial sector development. We then project future trends in domestic saving …
Persistent link: https://www.econbiz.de/10012461076
This paper studies the effect that changing demographic patterns have had on the household saving rate in China. We … the household saving rate …
Persistent link: https://www.econbiz.de/10012461829
existing studies, we analyze the sources and causes of China's high and rising saving rates in the government, corporate, and … household sectors. Although the causes of China's high saving are complex, we suggest that the evolving economic, demographic …In this paper, we define "The Chinese Saving Puzzle" as the persistently high national saving rate at 34-53 percent of …
Persistent link: https://www.econbiz.de/10012461886