Confucianism, Social Norms and Household Savings Rates in China

2017 ◽  
Author(s):  
Yvonne Chen ◽  
Zhiwu Chen ◽  
Shijun He
Keyword(s):  
Social Norms ◽  
Household Savings ◽  
Savings Rates

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.

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)

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

Cooperation and obligation in early parent-child relationships

2020 ◽  
Vol 43 ◽  
Author(s):  
Ross A. Thompson
Keyword(s):  
Social Norms ◽  
Moral Psychology ◽  
Close Relationships ◽  
Social Agency ◽  
Infant Survival ◽  
Peer Experiences ◽  
Early Experiences ◽  
Early Parent ◽  
Collaborative Skills ◽  
Parent Child Relationships

Abstract Tomasello's moral psychology of obligation would be developmentally deepened by greater attention to early experiences of cooperation and shared social agency between parents and infants, evolved to promote infant survival. They provide a foundation for developing understanding of the mutual obligations of close relationships that contribute (alongside peer experiences) to growing collaborative skills, fairness expectations, and fidelity to social norms.

The Structure Among Measures of Personality, Social Attitudes, Values, and Social Norms

2007 ◽  
Vol 28 (4) ◽  
pp. 240-251 ◽  
Author(s):  
Lazar Stankov
Keyword(s):  
Factor Analysis ◽  
Individual Differences ◽  
Social Norms ◽  
Social Interactions ◽  
Correlation Matrix ◽  
Social Attitudes ◽  
Group Differences ◽  
Factor Scores ◽  
Ethnic Group Differences ◽  
Inside Out

Abstract. This paper presents the results of a study that employed measures of personality, social attitudes, values, and social norms that have been the focus of recent research in individual differences. These measures were given to a sample of participants (N = 1,255) who were enrolled at 25 US colleges and universities. Factor analysis of the correlation matrix produced four factors. Three of these factors corresponded to the domains of Personality/Amoral Social Attitudes, Values, and Social Norms; one factor, Conservatism, cut across the domains. Cognitive ability showed negative correlation with conservatism and amoral social attitudes. The study also examined gender and ethnic group differences on factor scores. The overall interpretation of the findings is consistent with the inside-out view of human social interactions.

Accentuating Your Masculine Side

2013 ◽  
Vol 44 (2) ◽  
pp. 103-108 ◽  
Author(s):  
Chongzeng Bi ◽  
Oscar Ybarra ◽  
Yufang Zhao
Keyword(s):  
Social Norms ◽  
Gender Role ◽  
Cultural Context ◽  
Self Esteem ◽  
Western Countries ◽  
Self Evaluation ◽  
Two Samples ◽  
Agency And Communion

Recent research investigating self-judgment has shown that people are more likely to base their evaluations of self on agency-related traits than communion-related traits. In the present research, we tested the hypothesis that agency-related traits dominate self-evaluation by expanding the purview of the fundamental dimensions to consider characteristics typically studied in the gender-role literature, but that nevertheless should be related to agency and communion. Further, we carried out these tests on two samples from China, a cultural context that, relative to many Western countries, emphasizes the interpersonal or communion dimension. Despite the differences in traits used and cultural samples studied, the findings generally supported the agency dominates self-esteem perspective, albeit with some additional findings in Study 2. The findings are discussed with regard to the influence of social norms and the types of inferences people are able to draw about themselves given such norms.

Prejudiced Jokes and Social Norms: What's Offensive and What's Funny?

1999 ◽  
Author(s):  
Laurie T. O'Brien ◽  
Amy K. Eshleman ◽  
Christian S. Crandall
Keyword(s):  
Social Norms
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