Choukhmane, Taha; Coeurdacier, Nicolas; Jin, Keyu - C.E.P.R. Discussion Papers - 2013
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...