We relate household saving to pension reform, to explain the high household saving rates in urban China from a new perspective. We use the exogenous policy induced variation in pension wealth to explicitly estimate the impact of pension wealth on household saving, and obtain a significant offset...

This paper quantifies the impacts of collecting system on social insurance contribution compliance, taking advantage of a reform around 2000 in China. Using firm-level data, we find that the actual contribution rate and the probability of participation were raised by 3% and 5 percentage points...