How Much Will China Save? Projecting China's National Savings Through 2040
Shiyu Li,
Laurence Kotlikoff,
Shuanglin Lin,
Wing Thye Woo and
Yunyun Jiang
Asian Economic Journal, 2016, vol. 30, issue 3, 255-274
Abstract:
This paper projects China's national savings through 2040 based on China's national account data, demographic data, and data on rural and urban life-cycle income and consumption. Our baseline projections show that China's national saving in 2040 will be 16 times the current national saving. The annual growth rate of wealth will decline from 16.3 percent in 2012 to 9.5 percent in 2040. Lowering the growth rate of wealth accumulation to the current rate of return to wealth increases consumption through 2040; lowering the growth rate of wealth further may increase consumption more in the short run, but less in the long run.
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations:
Downloads: (external link)
http://hdl.handle.net/10.1111/asej.12092 (text/html)
Access to full text is restricted to subscribers.
Related works:
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:bla:asiaec:v:30:y:2016:i:3:p:255-274
Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=1351-3958
Access Statistics for this article
Asian Economic Journal is currently edited by Sung Yun-Wing and Shigeyuki Abe
More articles in Asian Economic Journal from East Asian Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().