This paper estimates the impact of pension-related policies on household spending. The identification strategy exploits …

time the policy released a substantial amount of savings from an early retirement scheme that were locked in the scheme …

Using representative household surveys conducted in Thailand and Vietnam during the COVID-19 pandemic, we find that the … the savings position plays a crucial role, as the effects are especially pronounced for households that experienced a … decline in savings. This result contradicts a prediction from the life-cycle permanent income model with borrowing constraints …

's Republic of China (PRC). Despite its remarkable economic achievement, the PRC faces a difficult path before it can reform and … and urban household income to decrease and has thus slowed down household consumption growth. The provision of broader … households more security for spending that could reduce the high savings rate and help achieve a balanced growth path in the long …