Chamon, Marcos; Liu, Kai; Prasad, Eswar - In: Journal of Development Economics 105 (2013) C, pp. 164-177
China's urban household saving rate has increased markedly since the mid-1990s and the age-savings profile has become U-shaped. To understand these patterns, we analyze a panel of urban Chinese households over the period 1989–2009. We document a sharp increase in income uncertainty, largely...