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1. Household Saving in China: The Keynesian Hypothesis, Life-Cycle Hypothesis, and Precautionary Saving Theory.

Author

Liu, Shenglong and Hu, Angang

Subjects
HOUSEHOLDS, SAVINGS, KEYNESIAN economics, LIFE cycle hypothesis (Economic theory), ECONOMIC impact, LIFE expectancy
Abstract

We test the explanatory powers of Keynesian theory, the life-cycle hypothesis, and the precautionary saving theory on household saving in China, based on data from 1990 to 2009 from 31 provinces and autonomous regions. The results show that the precautionary saving motivation explains household saving better than Keynesian theory. The study results also highlight the impact of life expectancy on China's household saving. [ABSTRACT FROM AUTHOR]

Published
2013
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