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China's high household savings rate has attracted great academic interest but remains a puzzle. Potential explanations … include demographic, policy, and financial causes. Yet a lack of reliable microlevel data on household finances makes it … primary causes of high levels of savings among Chinese households …
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An emerging literature highlights the importance of empowering women. Female decision-making power is typically measured by surveying only one partner, but the few studies surveying both have documented large differences in perceptions. We analyze these perceptions and their consequences, using...
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This paper develops a theory in which households prepare for future education by adjusting the number of children they intend to raise. Income inequality lowers output per worker only if the inequality is attributed in some part to unexpected disturbances after childbirth
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disturbances after childbirth. -- Fertility ; Lock-in effect ; Inequality ; Education …
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