The impact of the COVID-19 pandemic on household savings plan and the underlying driving forces: evidence from China

Changyan Peng, Jingna Xiao, Weisong Qiu and Rui Chen

Applied Economics, 2025, vol. 57, issue 9, 975-995

Abstract: This study examines the impact of the COVID-19 pandemic on household savings in China by merging city-level COVID-19 data with household survey data. Our empirical analysis indicates that households experiencing greater severity of the pandemic demonstrate a significant shift towards increased long-term savings plan, more so than towards short-term savings plan or actualized savings. Restrictive policies are identified as the primary driving force, followed by changes in income expectations and macroeconomic perceptions. In contrast to developed countries, government transfers in China have a minor influence on savings plan. The study also reveals varied responses to the pandemic across different types of households.

Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/00036846.2024.2311058 (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:taf:applec:v:57:y:2025:i:9:p:975-995

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAEC20

DOI: 10.1080/00036846.2024.2311058

Access Statistics for this article

Applied Economics is currently edited by Anita Phillips

More articles in Applied Economics from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().