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"This paper studies the effect that changing demographic patterns have had on the household saving rate in China. We …'s utility enter into parent's utility where parents choose the consumption level of the young until they leave the household … the household saving rate"--National Bureau of Economic Research web site …
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This paper studies the effect that changing demographic patterns have had on the household saving rate in China. We …'s utility enter into parent's utility where parents choose the consumption level of the young until they leave the household … the household saving rate …
Persistent link: https://www.econbiz.de/10012461829
This paper studies the effect that changing demographic patterns have had on the household saving rate in China. We …'s utility enter into parent's utility where parents choose the consumption level of the young until they leave the household … the household saving rate …
Persistent link: https://www.econbiz.de/10013129127
In this chapter we review the recent literature on the effects of changing global demographic trends on consumption, factor prices and social security. We also construct an overlapping generation model with four regions of the world. The model is calibrated so that we match some basic statistics...
Persistent link: https://www.econbiz.de/10014023467
reconcile with the Chinese experience. In China, saving is a family affair. This paper constructs a model of household saving … generations of households altogether. Optimal saving is a function of the household's lifetime income, gifts and bequests, and the … consumption smoothing in China …
Persistent link: https://www.econbiz.de/10013015925
Post Keynesian stagnation theory argues that slower population growth dampens consumption and investment. A New Keynesian OLG model derives an unemployment equilibrium due to a negative natural rate in a three-generations credit contract framework. Besides deleveraging or rising inequality, also...
Persistent link: https://www.econbiz.de/10011575978
savings and in per capita output growth in China since the mid-1970s. The demographic changes come from reductions in the …We examine the role of demographics and changing industrial policies in ac- counting for the rapid rise in household … policies both contributed to in- creases in savings and output growth but with differing intensities and at different horizons …
Persistent link: https://www.econbiz.de/10012058934
structural changes on the rise in household saving in China. Variations in fines across provinces on unauthorized births under … investigated in the context of household saving decisions in China …Using combined data from population censuses and Urban Household Surveys, we study the effects of demographic …
Persistent link: https://www.econbiz.de/10013096769