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Expanding from Veblen's conspicuous consumption theory, this paper provides new explanations on China's household … a greater degree of openness all depress household saving, likely through higher conspicuous consumption. This result is …
Persistent link: https://www.econbiz.de/10012953179
rural households in three provinces in China. The results show that most space heating technologies are cost negative and …
Persistent link: https://www.econbiz.de/10012960603
In this paper, I am using the data from the 2013 Chinese Household Finance Survey (CHFS) to explore the impacts of … financial excluded/vulnerable subpopulations (rural, illiterate and migrant), in China. I find improving financial literacy … have diversified ways to support financial life after retirement. In addition, annual household disposable income, family …
Persistent link: https://www.econbiz.de/10012910582
spatial Durbin model. To summarize our main findings, we find that, in China, the household saving rate shows significant …In this paper, we use provincial panel data on China for the 2002-19 period to conduct a spatial autocorrelation … analysis of household saving rates as well as a dynamic panel analysis of the determinants of household saving rates using a …
Persistent link: https://www.econbiz.de/10012939625
populations into the financial mainstream. We use data from the 2013 Chinese Household Finance Survey (CHFS) to investigate the … migrant populations in China. The findings show that those most vulnerable groups may be less likely to benefit from financial …
Persistent link: https://www.econbiz.de/10012943090
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We employ a model of precautionary saving to study why household saving rates are so high in China and so low in the US … components. This decomposition indicates that over 80 percent of China's saving rate and nearly all of the US saving arises from … the precautionary motive. The difference in the income growth rate between China and the US is vastly more important for …
Persistent link: https://www.econbiz.de/10013046600
This paper analyzes the different factors that drive saving rate rises of both rural and urban households in China …. Using data from the Chinese Household Income Project 1995 and 2002, I first show that the whole saving rate distribution … explained by changes in household characteristics including income. The rising urban saving rates are instead explained by …
Persistent link: https://www.econbiz.de/10012927444