| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w16828 |
| 来源ID | Working Paper 16828 |
| Demographic Patterns and Household Saving in China | |
| Chadwick C. Curtis; Steven Lugauer; Nelson C. Mark | |
| 发表日期 | 2011-02-25 |
| 出版年 | 2011 |
| 语种 | 英语 |
| 摘要 | 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 where agents live for 85 years. Consumers begin to exercise decision making when they are 18. From age 18 to 60, they work and raise children. Dependent children's utility enter into parent's utility where parents choose the consumption level of the young until they leave the household. Working agents give a portion of their labor income to their retired parents and save for their own retirement while the aged live on their accumulated assets and support from their children. Remaining assets are bequeathed to the living upon death. We parameterize the model and take future demographic changes, labor income and interest rates as exogenously given from the data. We then run the model from 1963 to 2009 and find that the model accounts for nearly all the observed increase in the household saving rate. |
| 主题 | Macroeconomics ; Consumption and Investment ; Labor Economics ; Demography and Aging |
| URL | https://www.nber.org/papers/w16828 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/574503 |
| 推荐引用方式 GB/T 7714 | Chadwick C. Curtis,Steven Lugauer,Nelson C. Mark. Demographic Patterns and Household Saving in China. 2011. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w16828.pdf（498KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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