Feng, Jin; He, Lixin; Satō, Hiroshi - 2009
We relate household saving to pension reform, to explain the high household saving rates in urban China from a new … on household saving, and obtain a significant offset effect of pension wealth on household saving. Our estimations show … that pension reform boosted the household saving rate in 1999 by about 6 percentage points for cohort aged 25-29 and by …