Limit search to available items
E-book
Author Chamon, Marcos, author.

Title Why are saving rates of urban households in China rising? / prepared by Marcos Chamon and Eswar Prasad
Published Washington, D.C. : International Monetary Fund, Research Dept., 2008
©2008

Copies

Description 1 online resource (49 pages) : illustrations
Series IMF working paper ; WP/08/145
IMF working paper ; WP/08/145.
Contents I. Introduction; II. Data; III. Stylized Facts; IV. Demographic Determinants of Household Saving Behavior; V. Potential Explanations; A. Habit Formation; B. Shifts in Social Expenditures; C. Durables Purchases and Savings; D. Housing Purchases and Savings; E. Effects of State Enterprise Restructuring on Saving Behavior; F. Target Savings; V.A Composite Sketch; VI. Discussion and Implications for Aggregate Saving Patterns; Appendix; Text Tables; 1. Summary Statistics; 2. Representativeness of 10 Provinces/Municipalities Sub-Sample; 3. Consumption Growth and Habit Formation
4. Ownership of Durable Goods per 100 Urban Households5. Home Purchase and Construction Expenditure Financed by Saving Withdrawals .; 6. Type of Employer for Households With a Head in the Age Range 25-59; 7. Median Regressions for the Saving Rate; 8. Median Regressions for the Saving Rate Including Imputed Value of Owner Occupied Housing; Appendix Tables; A1. Saving Rates and Household Income in Household Surveys and National Accounts; A2. Breakdown of Consumption Expenditures Across Different Categories; Text Figures; 1. Contributions to Gross Domestic Savings as a Percentage of GDP
2. Saving Rate and Share of Total Savings by Income Quintile3. Average Disposable Income and Consumption by Age of Head of Household; 4. Income and Consumption for Different Cohorts Over Time; 5. Average Saving Rates by Age of Head of Household; 6. Age, Cohort, and Year Effects on Income, Consumption and Saving Rates; 7. Average and Standard Deviation of the Shares of Consumption Expenditure on Education and Health as a Function of Age of the Head of the Household; 8. Home Ownership by Age of the Head of Household; 9. Age Distribution of the Chinese Population: Estimates and Projections
Appendix FiguresA1. Aggregate Saving Rate in an OLG Model with Credit Constraints as a Function of Geometric Growth Rate of Wages; A2. Aggregate Saving Rate in an OLG Model with Credit Constraints as a Function of Geometric Growth Rate of Wages and the Credit Constraint; References
Summary Paper examines savings rates in urban China from 1995 to 2005. In this period the average urban household saving rate in China rose by 7 percentage points, to a quarter of disposable income. Saving rates increased across all demographic groups, although the saving rates are highest among the youngest and oldest households. The authors attribute these patterns to the rising private burden of expenditures on housing, education, and health care
Bibliography Includes bibliographical references (pages 48-49)
Notes Print version record
Subject Saving and investment -- China -- Econometric models
Households -- Economic aspects -- China -- Econometric models
Economic history
Households -- Economic aspects -- Econometric models
Saving and investment -- Econometric models
SUBJECT China -- Economic conditions -- 1976-2000 -- Econometric models
China -- Economic conditions -- 2000- -- Econometric models
Subject China
Form Electronic book
Author Prasad, Eswar S., 1965- author
International Monetary Fund. Research Department.