aggregate household saving rates in Japan, China, and India. The observed age distributions help explain the contrasting saving … saving rates, while decreasing family size increases saving for both China and India. Projecting forward, the model predicts … lower household saving rates in Japan and China …

We use unique data characterizing individual savings for twins and non-twins in urban China to examine why the savings … necessary to take into account inter-generational co-residence, an important phenomenon in China and in many developing … China, but also indicate that in urban China neither old-age support by the young nor the one-child policy are major factors …