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

Arbeitspapier

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: CESifo Working Paper ; No. 9741

Classification and Topics

• Classification: 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
• Subject: public employment ; household saving rates ; Chinese economy

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Xu, Can ; Steiner, Andreas
• Event: Veröffentlichung
• (who): Center for Economic Studies and ifo Institute (CESifo)
• (where): Munich
• (when): 2022

Further information

• Handle: http://hdl.handle.net/10419/260871
• Last update: 10.03.2025, 11:41 AM CET