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
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Englisch
- Erschienen in
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Series: CESifo Working Paper ; No. 9741
- Klassifikation
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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
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public employment
household saving rates
Chinese economy
- Ereignis
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Geistige Schöpfung
- (wer)
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Xu, Can
Steiner, Andreas
- Ereignis
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Veröffentlichung
- (wer)
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Center for Economic Studies and ifo Institute (CESifo)
- (wo)
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Munich
- (wann)
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2022
- Handle
- Letzte Aktualisierung
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10.03.2025, 11:41 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Xu, Can
- Steiner, Andreas
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2022