Age Structure of the Population and High Savings: Theoretical Models and Empirical Evidence

Qiuyun Zhao, Zhenrong Zhao and Jinqiu Ma
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Qiuyun Zhao: National Development Research Institute, Peking University
Zhenrong Zhao: Tsinghua University
Jinqiu Ma: Peking University

A chapter in China's Road and Aging Population, 2023, pp 153-171 from Springer

Abstract: Abstract It has been widely recognized that the savings rate of China is significantly higher than that of other countries and regions around the world. According to statistics from the World Monetary Fund (IMF), the total savings rate of China fluctuated approximately 40–50% from 2000 to 2015, while the average value in other countries in the world was approximately 30%; it is approximately 10–20% in western developed countries such as the UK and the United States.

Date: 2023
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DOI: 10.1007/978-981-19-8891-2_11

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