The disparities in Chinese urban and rural household savings rates

2021 ◽  
pp. 1-27
Author(s):  
Dan Yang ◽  
Tianheng Wang
Keyword(s):  
Rural Household ◽  
Household Savings ◽  
Savings Rates

scholarly journals Why Are Saving Rates of Urban Households in China Rising?

2010 ◽  
Vol 2 (1) ◽  
pp. 93-130 ◽  
Author(s):  
Marcos D. Chamon ◽  
Eswar S. Prasad
Keyword(s):  
Financial Assets ◽  
Household Savings ◽  
Demographic Groups ◽  
Education And Health ◽  
Savings Rate ◽  
Future Income ◽  
China Rose ◽  
Age Profile ◽  
Saving Rates ◽  
Savings Rates

From 1995 to 2005, the average urban household savings rate in China rose by 7 percentage points, to about one-quarter of disposable income. Savings rates increased across all demographic groups, and the age profile of savings has an unusual pattern in recent years, with younger and older households having relatively high savings rates. We argue that these patterns are best explained by the rising private burden of expenditures on housing, education, and health care. These effects and precautionary motives may have been amplified by financial underdevelopment, including constraints on borrowing against future income and low returns on financial assets. (JEL D14, E21, O12, O18, P25, P36)

Social Norms and Household Savings Rates in China

2018 ◽  
Vol 23 (5) ◽  
pp. 961-991
Author(s):  
Yvonne Jie Chen ◽  
Zhiwu Chen ◽  
Shijun He
Keyword(s):  
Social Norms ◽  
Filial Piety ◽  
Household Finance ◽  
Household Savings ◽  
Savings Rate ◽  
Model Predictions ◽  
Enforcement Mechanisms ◽  
Using Data ◽  
Period Model ◽  
Savings Rates

Abstract We study the effects of Confucian social norms on savings rates in China. In our simple two-period model, parents have the option to invest in either a risk-free asset or their children’s human capital. We assume that the filial piety norms and thus the enforcement mechanisms for supporting old-age parents differ across regions. Consequently, the probability of children’s non-performance of their repayment obligations to parents and the returns parents can expect from investing in their children vary. We test the model predictions using data from the China Household Finance Survey. We find that stronger Confucian social norms reduce the gap in the savings rate between families with sons and with daughters. Modeling default by children as a function of the prevailing social norms gives us the flexibility to study the impacts of declining Confucian influence on consumption–savings trends in China.

Urban and Rural Household Savings in China

1988 ◽  
Vol 88 (25) ◽  
pp. 1 ◽  
Author(s):  
International Monetary Fund
Keyword(s):  
Rural Household ◽  
Household Savings

Rural Household Savings Behavior in South Korea, 1962–76

1979 ◽  
Vol 61 (3) ◽  
pp. 448-454 ◽  
Author(s):  
K. N. Hyun ◽  
D. W. Adams ◽  
L. J. Hushak
Keyword(s):  
South Korea ◽  
Rural Household ◽  
Household Savings ◽  
Savings Behavior

Housing price and household savings rates: evidence from China

2013 ◽  
Vol 11 (3) ◽  
pp. 197-217 ◽  
Author(s):  
Shi Li ◽  
John Whalley ◽  
Xiliang Zhao
Keyword(s):  
Housing Price ◽  
Household Savings ◽  
Savings Rates
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