Arbeitspapier
Why are saving rates so high in China?
In this paper, we define The Chinese Saving Puzzle as the persistently high national saving rate at 34-53 percent of gross domestic product (GDP) in the past three decades and a surge in the saving rate by 11 percentage points from 2000-2008. Using data from the Flow of Funds Accounts (FFA) and Urban Household Surveys (UHS) supplemented by the findings from existing studies, we analyze the sources and causes of China's high and rising saving rates in the government, corporate, and household sectors. Although the causes of China's high saving are complex, we suggest that the evolving economic, demographic, and policy trends in the internal and external environments of the Chinese economy will likely lead to a decline in national saving in the foreseeable future.
- Sprache
-
Englisch
- Erschienen in
-
Series: IZA Discussion Papers ; No. 5465
- Klassifikation
-
Wirtschaft
Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making‡
Macroeconomics: Consumption; Saving; Wealth
Demographic Economics: General
- Thema
-
aggregate saving
international comparison
household behavior
demographic structure
China
Sozialprodukt
Sparen
Privater Haushalt
Unternehmen
Staat
China
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Yang, Dennis Tao
Zhang, Junsen
Zhou, Shaojie
- Ereignis
-
Veröffentlichung
- (wer)
-
Institute for the Study of Labor (IZA)
- (wo)
-
Bonn
- (wann)
-
2011
- Handle
- URN
-
urn:nbn:de:101:1-201104113387
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Yang, Dennis Tao
- Zhang, Junsen
- Zhou, Shaojie
- Institute for the Study of Labor (IZA)
Entstanden
- 2011
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