Arbeitspapier

Does Public Employment Affect Household Saving Rates? Evidence from Chinese Household Data

This paper investigates the impact of public employment on household saving rates in China using representative household-level data. After controlling for a series of variables such as income, risk attitude, financial literacy, and demographic factors, we show that households headed by public employees have higher saving rates than other households. This positive association holds after controlling for self-selection bias. Public employees are more likely to save for their children and they have a higher saving capacity than non-public employees due to better social security. Our results contribute to a better understanding of Chinese household saving rates, which is of great importance given their extremely high level in international comparison.

Sprache
Englisch

Erschienen in
Series: CESifo Working Paper ; No. 9741

Klassifikation
Wirtschaft
Household Saving; Personal Finance
Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
Fiscal Policies and Behavior of Economic Agents: Household
Thema
public employment
household saving rates
Chinese economy

Ereignis
Geistige Schöpfung
(wer)
Xu, Can
Steiner, Andreas
Ereignis
Veröffentlichung
(wer)
Center for Economic Studies and ifo Institute (CESifo)
(wo)
Munich
(wann)
2022

Handle
Letzte Aktualisierung
10.03.2025, 11:41 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Xu, Can
  • Steiner, Andreas
  • Center for Economic Studies and ifo Institute (CESifo)

Entstanden

  • 2022

Ähnliche Objekte (12)