 The Pattern of Household Savings During a Hyperinflation: The Case of Urban China in the Late 1980sRolf Aaberge and Yu Zhu Review of Income and Wealth, 2001, vol. 47, issue 2, 181-202 Abstract: This paper presents evidence on household savings in urban regions of the Chinese provinces Sichuan and Liaoning, based on data from the State Statistical Bureau's Urban Household Survey for the late 1980s. In this period the Chinese economy was subject to extensive reforms that resulted in rapid economic growth followed by extremely high inflation. The high inflation rates gave the households strong motives to switch from financial savings to purchase of consumer durables, which also appear to be consistent with the structure of the observed data. By providing empirical evidence on the relative importance of savings by lower, middle and upper income groups for single‐child families and for all households, this study also discusses whether savings decisions depend on the level of household income. Single‐child families are focused, not only because of their growing dominance in the current Chinese society, but also to control for the effect of demographic disparities. Date: 2001 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:bla:revinw:v:47:y:2001:i:2:p:181-202 Ordering information: This journal article can be ordered from Access Statistics for this article Review of Income and Wealth is currently edited by Conchita D'Ambrosio and Robert J. Hill More articles in Review of Income and Wealth from International Association for Research in Income and Wealth Contact information at EDIRC. |
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