Yang, Dennis Tao; Zhang, Junsen; Zhou, Shaojie - Institute for the Study of Labor (IZA) - 2011
In this paper, we define "The Chinese Saving Puzzle" as the persistently high national saving rate at 34-53 percent of … existing studies, we analyze the sources and causes of China's high and rising saving rates in the government, corporate, and … household sectors. Although the causes of China's high saving are complex, we suggest that the evolving economic, demographic …