Demographic patterns and household saving in China by Chadwick C. Curtis

Cover of: Demographic patterns and household saving in China | Chadwick C. Curtis

Published by National Bureau of Economic Research in Cambridge, MA .

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StatementChadwick C. Curtis, Steven Lugauer, Nelson C. Mark
SeriesNBER working paper series -- working paper 16828, Working paper series (National Bureau of Economic Research : Online) -- working paper no. 16828.
ContributionsLugauer, Steven, Mark, Nelson C. (Nelson Chung), 1955-, National Bureau of Economic Research
Classifications
LC ClassificationsHB1
The Physical Object
FormatElectronic resource
ID Numbers
Open LibraryOL24863173M
LC Control Number2011656035

Download Demographic patterns and household saving in China

Demographic Patterns and Household Saving in China † By Chadwick C. Curtis, Steven Lugauer, and Nelson C. Mark* This paper studies how demographic variation affects the aggregate household saving rate. We focus on China because it is experiencing an historic demographic transition and has had a massive increase in household saving.

Demographic Patterns and Household Saving in China Chadwick C. Curtis, Steven Lugauer, and Nelson C. Mark NBER Working Paper No. February JEL No.

E2,J1 ABSTRACT This paper studies the effect that changing demographic patterns have had on the household saving rate in China. Demographic Patterns and Household Saving in China Chadwick C.

Curtis University of Richmond [email protected] Steven Lugauer University of Notre Dame [email protected] Nelson C. Mark University of Notre Dame and NBER [email protected] March Abstract This paper studies how demographic ariationv a ects the aggregate household saving rate.

Demographic Patterns and Household Saving in China Chadwick R. Curtis, Steven Lugauer and Nelson C. Mark∗ Febru Abstract This paper studies the effect that changing demographic patterns have had on the house-hold saving rate in China.

We undertake a quantitative investigation using an overlapping. Downloadable. This paper studies how changing demographics can explain much of the evolution of China's household saving rate from to We undertake a quantitative investigation using an overlapping generations model in which agents live for 85 years.

Agents begin to exercise decision making when they are From age 20 to 63, they work. This paper studies the effect that changing demographic patterns have had on the household saving rate in China.

We undertake a quantitative investigation using an overlapping generations (OLG. Demographic Trends and Household Savings in China Masayo Wakabayashi and Landis MacKellar Introduction A high domestic saving rate has been one of the keys to China’s rapid economic development.

As shown in Figure 1, household saving accounted for almost half of the total domestic savings in and was the main source of investment capital.

Get this from a library. Demographic patterns and household saving in China. [Chadwick C Curtis; Steven Lugauer; Nelson C Mark; National Bureau of Economic Research.] -- This paper studies the effect that changing demographic patterns have had on the household saving rate in China.

We undertake a quantitative investigation using an overlapping generations (OLG) model. Demographic Patterns and Household Saving in China Chadwick C. Curtis, Steven Lugauer and Nelson C. Mark∗ March 4, Abstract This paper studies the effect that changing demographic patterns.

Title: Demographic Patterns and Household Saving in China presentation Author: Nelson Mark Created Date: Z. This suggests that prospective demographic trends in China will put downward pressure on household savings.

Combining our estimation results with reasonable assumptions about economic growth and U.N. population projections, we predict that household savings in China. Demographic Patterns and Household Saving in China by Chadwick C. Curtis, Steven Lugauer and Nelson C.

Mark. Published in volume 7, issue 2, pages of American Economic Journal: Macroeconomics, AprilAbstract: This paper studies how demographic variation affects the aggregate household sa.

Summary: View help for Summary This paper studies how demographic variation affects the aggregate household saving rate. We focus on China because it is experiencing an historic demographic transition and has had a massive increase in household saving.

We conduct a quantitative investigation using a structural overlapping generations model that incorporates parental care through support for. 2 China's Household Saving and Demographic Data This section draws out connections in the data between demographics and the saving rate.

Sec-tion documents the time-series correlation between China's demographic pro le and aggregate household saving rate at the macro level. Section presents evidence from micro data that shows.

Demographic Patterns and Household Saving in China Chadwick C. Curtis, Steven Lugauer, Nelson C. Mark. NBER Working Paper No. Issued in February NBER Program(s):International Finance and Macroeconomics This paper studies the effect that changing demographic patterns have had on the household saving rate in by:   To understand evolution of household saving rate in China ov er time () Income and Demographics and Chinese Household Saving The Data An OLG Model of Saving Demographic Patterns and Household Saving in China Chadwick Curtis, Steven Lugauer and Nelson Mark.

Deutsche Bundesbank Workshop on Money, Finance and Banking in East Asia 12// Steven Lugauer & Nelson Mark, "Demographic Patterns and Household Saving in China," Working PapersUniversity of Notre Dame, Department of Economics, revised Jun Steven Lugauer & Nelson C.

Mark & Chadwick R. Curtis, "Demographic Patterns and Household Saving in China," Meeting PapersSociety for Economic Dynamics. to China’s rising savings rates by widening the gap between son and daughter families.

1 Introduction Household savings rates in China have been growing rapidly over the past three decades. The average household savings rate has grown from fifteen percent in. CiteSeerX - Document Details (Isaac Councill, Lee Giles, Pradeep Teregowda): This paper studies how changing demographics can explain much of the evolution of China's household saving rate from to We undertake a quantitative investigation using an overlapping generations model in which agents live for 85 years.

Agents begin to exercise decision making when they are the total decline in the saving rate to 4%-5% through In China, where the puzzlingly high level of household savings has been the subject of a voluminous literature (see, for instance, Modigliani and Cao or Ma and Yi ), demographic effects are expected to bring down saving rates steadily, from 38% at present to 31% in Demographic Patterns and Household Saving in China.

Steven Lugauer (), Nelson Mark and Chadwick R. Curtis Additional contact information Chadwick R. Curtis: University of Notre Dame NoMeeting Papers from Society for Economic Dynamics Abstract: This paper studies the effect that changing demographic patterns have had on the house- hold saving rate in China.

Household Surveys conducted by China’s National Bureau of Statistics to analyze the evolution of the ur- ban household saving rate over the period 1 China’s household saving rate can be calculated using data from household surveys or from flow-of-funds statistics.

These are discussed later in this article. * Kate Stratford was in Economic Group during her secondment from the Bank of England. Arianna Cowling is from Economic Group. Chinese Households Saving rate 10 30 40 % 20 % Household. "Demographic Patterns and Household Saving in China" (with Chadwick C.

Curtis). American Economic Journal: Macroeconomics, 7, 2 () Stay Up. China has been unusual in that relative to most countries it has a very high proportion of its population being of working age and actually in employment.

Its working age population is growing slowly to and then declines, even after allowing for an increasing. saving rate. We use data from the annual Urban Household Surveys conducted by China’s National Bureau of Statistics to analyze the evolution of the urban household saving rate over the period To our knowledge, this is the first detailed examination of Chinese household saving behavior using micro data over a long span Figure 1 shows that gross domestic savings in China have surged sinceclimbing to over 50 percent of GDP in Enterprise savings have risen sharply and displaced household savings as the main contributor to national savings.

However, while household savings have declined as a percentage of GDP, this is mainly because of a. for systematic documentation of age-speci–c household saving patterns in urban China.

2 The demographic transition would also a⁄ect other aspects of the economy. See Song et al. () for a recent study on the inter-relationship between China™s demographic transition and its economic growth and pension reforms. Demographic Transition and Income Distribution in China Demographic Transition in China China has completed a demographic transition from the interim pattern to the final pattern within approximately 30 years, a very short period of time when compared to most developed countries (Cai and.

The household savings rate in China rose from about 16% of disposable income in to over 30% today, which is much higher than most countries. (The. The Provincial Pattern of Population Ageing and Household Saving in China Surajit Deb University of Delhi, India Paper Abstract: It is often argued that the demographic structure bears an impact on the saving rate of the economy since the old-age population generates lesser levels of household saving.

The pattern of household savings in China has been changing over a long period of time. The household savings rate is quite high in China and a number of factors are functional behind this. In China, the capital markets are not yet fully developed and the investors do not feel secure to invest in the financial markets in a substantial volume.

Determinants and Pattern of Saving Behaviour in Rural Household of Western Odisha: An Empirical Investigation Introduction 45 Relationship between Saving and Income 45 Saving Behaviour of Household and Change in Savings 47 Household Saving Rate in China decreased to percent in from percent in Personal Savings in China averaged percent from untilreaching an all time high of 39 percent in and a record low of percent in This page provides - China Deposits Interest Rates - actual values, historical data, forecast, chart, statistics, economic calendar and news.

American Economic Journal: Macroeconomics, Vol. 2, No. 1, pp 93–; and Marcos Chamon, Kai Liu and Eswar Prasad,“Income Uncertainty and Household Savings in China,” NBER Working. The reports anticipate that China's population will hit a peak of billion inthen steadily decline and reach its levels of billion by In light of this news, Stratfor is revisiting one of our foundational analyses fromin which forecast China's impending demographic crisis and outline the contributing factors.

savings pattern will be influenced by their past divergences and future policy choices. The cumulative divergence of the actual from the simulated path, be it due to labor dividend in China or expansionary policies in the United States, will influence future household savings behavior.

China is the most populous country in the world, with its population passing the billion mark on January 6, Population is one of the decisive factors shaping the pattern of China’s economic growth. On the one hand, the huge population has provided China a massive labor force, making China the “factory of the world.”.

China's high savings rate could be partly explained by the country's faster economic growth relative to the rest of the world, which boosts income as well as the government's tax receipts. The determinants of household saving in China: A dynamic panel analysis of provincial data. Journal of Money Credit and Banking, 39(8): –[Web of Science ®], [Google Scholar]) and Wei and Zhang ( Wei, S and Zhang., X.

The competitive saving motive: Evidence from rising sex ratios and saving rates in China. cations. China’s household saving rate has been increasing at a rapid rate: between andthe average urban household saving rate rose steadily from 12% to 31%. Human capital accumulation has also accelerated over the last thirty years, with the average years of schooling increasing by about.national savings based on aggregate asset data, and Horioka and Wan (), using provincial-level aggregated household survey data, find that China’s high and increasing household savings rates are largely explained by income growth and changes in demographic structure.

Horioka and Wan. This paper analyzed China’s household changes based on data from China’s past four censuses of,and The data showed that there was a rapid increase in the number of family households, a continued shrinking in household size, and a trend of simplification in household structure.

The proportions of the one-couple household and the two-generation standard nuclear.

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