savings and in per capita output growth in China since the mid-1970s. The demographic changes come from reductions in the …We examine the role of demographics and changing industrial policies in ac- counting for the rapid rise in household … policies both contributed to in- creases in savings and output growth but with differing intensities and at different horizons …

This study assesses the economic implications of China's changing population in the 21st century using a numerical … mobility is high in China, a low fertility rate implies more future capital outflows. But if capital is less mobile, low …

changes by themselves account for a large fraction of the rise in household and corporate savings relative to total output and … is endogenous human capital accumulation, which depresses household savings between 1985 and 2010 but leads to … contributing to China’s economic growth between 1976 and 2015. We find that the demographic transition and industrial policy …

changes by themselves account for a large fraction of the rise in household and corporate savings relative to total output and … is endogenous human capital accumulation, which depresses household savings between 1985 and 2010 but leads to … contributing to China’s economic growth between 1976 and 2015. We find that the demographic transition and industrial policy …

quantitative macroeconomic theory. We apply the model to examine the effect of an intervention that immediately reduces TFR by 1 …

Intergenerational inequality and old-age poverty are salient issues in contemporary China. China's aging population …