Income Uncertainty and Household Savings in China

Income Uncertainty and Household Savings in China
China's household saving rate has increased markedly since the mid-1990s and the age-savings profile has become U-shaped. We find that rising income uncertainty and pension reforms help explain both of these phenomena. Using a panel of Chinese households covering the period 1989-2006, we document that strong average income growth has been... READ MORE...

Publication date: December 2010
ISBN 9781455211708
$18.00

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