Li, Shi; Whalley, John; Zhao, Xiliang - In: Journal of Chinese Economic and Business Studies 11 (2013) 3, pp. 197-217
This article investigates the effect of house prices on household savings rates in urban China employing the 2002 and 2007 data of the Chinese Households Income Project (CHIP). We find that the rapid appreciation of house prices cannot explain high Chinese households' savings rates and the...