Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/260871 
Year of Publication: 
2022
Series/Report no.: 
CESifo Working Paper No. 9741
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
Abstract: 
This paper investigates the impact of public employment on household saving rates in China using representative household-level data. After controlling for a series of variables such as income, risk attitude, financial literacy, and demographic factors, we show that households headed by public employees have higher saving rates than other households. This positive association holds after controlling for self-selection bias. Public employees are more likely to save for their children and they have a higher saving capacity than non-public employees due to better social security. Our results contribute to a better understanding of Chinese household saving rates, which is of great importance given their extremely high level in international comparison.
Subjects: 
public employment
household saving rates
Chinese economy
JEL: 
D14
E24
H31
G51
Document Type: 
Working Paper
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