Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/34331 
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dc.contributor.authorChamon, Marcosen
dc.contributor.authorPrasad, Eswaren
dc.date.accessioned2008-06-04-
dc.date.accessioned2010-07-07T11:22:33Z-
dc.date.available2010-07-07T11:22:33Z-
dc.date.issued2007-
dc.identifier.urihttp://hdl.handle.net/10419/34331-
dc.description.abstractFrom 1995 to 2005, the average urban household saving rate in China rose by 8 percentage points, to about one quarter of disposable income. We use household-level data to explain why households are postponing consumption despite rapid income growth. Tracing cohorts over time indicates a virtual absence of consumption smoothing over the life cycle. The age profile of savings has an unusual U-shaped pattern, with saving rates being the highest among the youngest and oldest households. We find that financial underdevelopment, as reflected in constraints on borrowing and low returns on financial assets, partially accounts for this pattern. Moreover, overall saving rates have increased across all demographic groups. We argue that this can be explained by the rising private burden of expenditures on housing, education, and health care.en
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x3191en
dc.subject.jelD12en
dc.subject.ddc330en
dc.subject.keywordHousehold savingsen
dc.subject.keywordage and cohort profiles of savingsen
dc.subject.keywordborrowing constraintsen
dc.subject.keywordprecautionary savingsen
dc.subject.keywordfinancial development, demographicsen
dc.subject.stwSparenen
dc.subject.stwPrivater Haushalten
dc.subject.stwStadtbevölkerungen
dc.subject.stwEinkommenshypotheseen
dc.subject.stwChinaen
dc.titleWhy are saving rates of urban households in China rising?-
dc.type|aWorking Paperen
dc.identifier.ppn551074698en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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