The Determinants of Household Saving in China : A Dynamic Panel Analysis of Provincial Data

Horioka, Charles Yuji; Wan, Junmin

The Determinants of Household Saving in China : A Dynamic Panel Analysis of Provincial Data

Horioka, Charles Yuji; Wan, Junmin

Institute of Social and Economic Research Discussion Papers, 2007, 676, 1-35

アクセス数:373件（2025-05-24 00:21 集計）

固定URL: https://hdl.handle.net/11094/13495

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タイトル	The Determinants of Household Saving in China : A Dynamic Panel Analysis of Provincial Data
著者	NRID 1000090173632 1000090173632 著者名 Horioka, Charles Yuji
著者	NRID 1000040423123 1000040423123 著者名 Wan, Junmin
キーワード等	Age structure
	China
	demographics
	dependency ratio
	habit formation
	household saving
	household saving rate
	household
	inertia
	life cycle hypothesis
	life cycle model
	permanent income hypothesis
	persistence
	saving
	saving rate
内容	ISER discussion paper
内容	November 2006 Revised September 2007
抄録	In this paper, we conduct a dynamic panel analysis of the determinants of the household saving rate in China using a life cycle model and panel data on Chinese provinces for the 1995-2004 period from China’s household survey. We find that China’s household saving rate has been high and rising and that the main determinants of variations over time and over space therein are the lagged saving rate, the income growth rate, (in many cases) the real interest rate, and (in some cases) the inflation rate. However, we find that the variables relating to the age structure of the population have the expected impact on the household saving rate in only one of the four samples. These results provide mixed support for the life cycle hypothesis as well as the permanent income hypothesis, are consistent with the existence of inertia or persistence, and imply that China’s household saving rate will remain high for some time to come.
出版者	The Institute of Social and Economic Research, Osaka University
収録物名	Institute of Social and Economic Research Discussion Papers
巻(号)	676
ページ	1-35
刊行年月	2007-09
言語	英語
ハンドルURL	https://hdl.handle.net/11094/13495
関連情報 (references)	URI https://www.iser.osaka-u.ac.jp/static/resources/docs/dp/2006/DP0676.pdf
アクセス権	metadata only access
カテゴリ	ディスカッション／ワーキング・ペーパー DP/WP
カテゴリ	Institute of Social and Economic Research Discussion Papers
最終更新日	2007-09

資源タイプ	テクニカルレポート
ローカル資源タイプ	ディスカッション／ワーキング・ペーパー
DCMI資源タイプ	text
DCTERMS.bibliographicCitation	Institute of Social and Economic Research Discussion Papers. 2007, 676, p. 1-35
DC.title	The Determinants of Household Saving in China : A Dynamic Panel Analysis of Provincial Data
DC.creator	Horioka, Charles Yuji
DC.creator	Wan, Junmin
DC.publisher	The Institute of Social and Economic Research, Osaka University
DC.language' scheme='DCTERMS.RFC1766	英語
DC.type' scheme='DCTERMS.DCMIType	text
DCTERMS.issued' scheme='DCTERMS.W3CDTF	2007-09
DC.relation' scheme='DCTERMS.URI	https://www.iser.osaka-u.ac.jp/static/resources/docs/dp/2006/DP0676.pdf
DC.subject	Age structure
	China
	demographics
	dependency ratio
	habit formation
	household saving
	household saving rate
	household
	inertia
	life cycle hypothesis
	life cycle model
	permanent income hypothesis
	persistence
	saving
	saving rate
DC.description	ISER discussion paper
DC.description	November 2006 Revised September 2007
DCTERMS.abstract	In this paper, we conduct a dynamic panel analysis of the determinants of the household saving rate in China using a life cycle model and panel data on Chinese provinces for the 1995-2004 period from China’s household survey. We find that China’s household saving rate has been high and rising and that the main determinants of variations over time and over space therein are the lagged saving rate, the income growth rate, (in many cases) the real interest rate, and (in some cases) the inflation rate. However, we find that the variables relating to the age structure of the population have the expected impact on the household saving rate in only one of the four samples. These results provide mixed support for the life cycle hypothesis as well as the permanent income hypothesis, are consistent with the existence of inertia or persistence, and imply that China’s household saving rate will remain high for some time to come.
DC.format	13495
citation_title	The Determinants of Household Saving in China : A Dynamic Panel Analysis of Provincial Data
citation_author	Horioka, Charles Yuji
citation_author	Wan, Junmin
citation_publisher	The Institute of Social and Economic Research, Osaka University
citation_language	英語
citation_date	2007-09
citation_journal_title	Institute of Social and Economic Research Discussion Papers
citation_volume	676
citation_firstpage	1
citation_lastpage	35
citation_public_url	https://hdl.handle.net/11094/13495
citation_abstract_html_url	https://www.iser.osaka-u.ac.jp/static/resources/docs/dp/2006/DP0676.pdf

The Determinants of Household Saving in China : A Dynamic Panel Analysis of Provincial Data

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