"Demographic Patterns and Household Saving in China" by Chadwick C. Curtis, Steven Lugauer et al.
 

DOI

10.1257/mac.20130105

Abstract

This paper studies how demographic variation affects the aggregate household saving rate. We focus on China because it is experiencing an historic demographic transition and has had a massive increase in household saving. We conduct a quantitative investigation using a structural overlapping generations model that incorporates parental care through support for dependent children and financial transfers to retirees. The saving decisions in the parameterized model mimic many of the features observed in the Chinese household saving rate time series from 1955 to 2009. Demographic change alone accounts for over half of the saving rate increase.

Document Type

Restricted Article: Campus only access

Publication Date

4-2015

Publisher Statement

Copyright © 2015, American Economic Association.

DOI: http://dx.doi.org/10.1257/mac.20130105

The definitive version is available at: https://www.jstor.org/stable/24739272

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