Despite a vast accumulation of private capital, China is not embracing capitalism. Deceptively familiar capitalist … introduces the chapters comprising the NBER volume Capitalizing China (Fan and Morck, eds. 2012), which examine China's high … consider policy alternatives the CCP might consider if its goal is China's elevation into the ranks of high income countries …

aggregate household saving rates in Japan, China, and India. The observed age distributions help explain the contrasting saving … saving rates, while decreasing family size increases saving for both China and India. Projecting forward, the model predicts … lower household saving rates in Japan and China …

reconcile with the Chinese experience. In China, saving is a family affair. This paper constructs a model of household saving …Mainstream economic theories of saving are implicitly individualistic and generate predictions that are difficult to … interactions between generations and is a suitable framework to capture Chinese family saving dynamics. In this model, children …

China's household saving rate has increased markedly since the mid-1990s and the age-savings profile has become U … rate in China since the mid-1990s as well as the U-shaped age-saving profile … rising savings rates among younger households are consistent with rising income uncertainty and higher saving rates among …

interesting implications for how one views the huge US current account deficit and how the emergence of China's savings surplus … also at a lower income level than without the China effect. Moreover, we argue that the lower real interest rates resulting …

The high and rising household savings rate in China is not easily reconciled with the traditional explanations that … emphasize life cycle factors, the precautionary saving motive, financial development, or habit formation. This paper proposes a … new competitive saving motive: As the sex ratio rises, Chinese parents with a son raise their savings in a competitive …

Recent influential papers claim that single men's saving competition for marriage intensified by an increase in the … male-to-female ratio in the pre-marital cohort explains 60 percent of the rise of China's aggregate household savings rate …. In this paper, we analyze whether the marriage competition remains a first-order effect on saving, when another margin of …

In this paper, we conduct a dynamic panel analysis of the determinants of the household saving rate in China using a … China?s household saving rate has been high and rising and that the main determinants of variations over time and over space … that China?s household saving rate will remain high for some time to come …