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Public pension and household saving : evidence from China

Feng, Jin; He, Lixin; Satō, Hiroshi - 2009

We relate household saving to pension reform, to explain the high household saving rates in urban China from a new … on education and health more than on other consumption items. -- Pensions ; pension reform ; household savings rate … on household saving, and obtain a significant offset effect of pension wealth on household saving. Our estimations show …