The chinese saving rate: Long-term care risks, family insurance, and demographics
成果类型：
Article
署名作者：
Imrohoroglu, Ayse; Zhao, Kai
署名单位：
University of Southern California; University of Connecticut
刊物名称：
JOURNAL OF MONETARY ECONOMICS
ISSN/ISSBN：
0304-3932
DOI：
10.1016/j.jmoneco.2018.03.001
发表日期：
2018
页码：
33-52
关键词：
摘要：
A general equilibrium model that properly captures the risks in old age, the role of family insurance, changes in demographics, and the productivity growth rate is capable of generating changes in the national saving rate in China that mimic the data well. Our findings suggest that the combination of the risks faced by the elderly and the deterioration of family insurance due to the one-child policy may account for approximately half of the increase in the saving rate between 1980 and 2010. Changes in the productivity growth rate account for the fluctuations in the saving rate during this period. (C) 2018 Elsevier B.V. All rights reserved.
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