Chamon, Marcos; Liu, Kai; Prasad, Eswar S. - 2010
a buffer-stock savings model and show that rising income uncertainty and pension reforms lead younger and older … household savings rate and the U-shaped age-profile of savings. -- China ; household savings ; income uncertainty ; pension …-shaped. Using a panel of urban Chinese households covering 1989-2006, we document a sharp increase in income uncertainty. While the …