Demographic Patterns and Household Saving in China

Chadwick Curtis, Steven Lugauer and Nelson Mark

American Economic Journal: Macroeconomics, 2015, vol. 7, issue 2, 58-94

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. (JEL D12, D91, E21, J11, O12, O16, P36)

JEL-codes: D12 D91 E21 J11 O12 O16 P36 (search for similar items in EconPapers)
Date: 2015
Note: DOI: 10.1257/mac.20130105
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (107)

Downloads: (external link)
http://www.aeaweb.org/articles.php?doi=10.1257/mac.20130105 (application/pdf)
http://www.aeaweb.org/aej/mac/data/0702/2013-0105_data.zip (application/zip)
http://www.aeaweb.org/aej/mac/ds/0702/2013-0105_ds.zip (application/zip)
Access to full text is restricted to AEA members and institutional subscribers.

Related works:
Working Paper: Demographic Patterns and Household Saving in China (2012)
Working Paper: Demographic Patterns and Household Saving in China (2011)
Working Paper: Demographic Patterns and Household Saving in China (2011)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aea:aejmac:v:7:y:2015:i:2:p:58-94

Ordering information: This journal article can be ordered from
https://www.aeaweb.org/journals/subscriptions

Access Statistics for this article

American Economic Journal: Macroeconomics is currently edited by Simon Gilchrist

More articles in American Economic Journal: Macroeconomics from American Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by Michael P. Albert ().