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We ask how much the advent of the `one child policy' can explain the sharp rise in China's household saving rate. In a life-cycle model with endogenous fertility, intergenerational transfers and human capital accumulation, we show a macroeconomic and a microeconomic channel through which...
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"China's economy has been booming for decades now. Keyu Jin, an economist who was born in China and educated in the United States, brings her fluency in Eastern and Western cultures together to offer an explanation of how China became such a successful economic story. This book is a guide to the...
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