LEADER 06647oam 22012134 450 001 9910813693203321 005 20200520144314.0 010 $a1-4623-1241-1 010 $a1-4527-6926-5 010 $a9786612840968 010 $a1-282-84096-7 010 $a1-4518-7003-5 035 $a(CKB)3170000000055047 035 $a(EBL)1607902 035 $a(SSID)ssj0000940722 035 $a(PQKBManifestationID)11571963 035 $a(PQKBTitleCode)TC0000940722 035 $a(PQKBWorkID)10956002 035 $a(PQKB)10816613 035 $a(OCoLC)568151330 035 $a(IMF)WPIEE2008145 035 $a(MiAaPQ)EBC1607902 035 $a(IMF)WPIEA2008145 035 $a(EXLCZ)993170000000055047 100 $a20020129d2008 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aWhy are Saving Rates of Urban Households in China Rising? /$fMarcos Chamon, Eswar Prasad 205 $a1st ed. 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2008. 215 $a1 online resource (51 p.) 225 1 $aIMF Working Papers 300 $a"June 2008." 311 $a1-4519-1456-3 320 $aIncludes bibliographical references (p. 48-49). 327 $aContents; I. Introduction; II. Data; III. Stylized Facts; IV. Demographic Determinants of Household Saving Behavior; V. Potential Explanations; A. Habit Formation; B. Shifts in Social Expenditures; C. Durables Purchases and Savings; D. Housing Purchases and Savings; E. Effects of State Enterprise Restructuring on Saving Behavior; F. Target Savings; V. A Composite Sketch; VI. Discussion and Implications for Aggregate Saving Patterns; Appendix; Text Tables; 1. Summary Statistics; 2. Representativeness of 10 Provinces/Municipalities Sub-Sample; 3. Consumption Growth and Habit Formation 327 $a4. Ownership of Durable Goods per 100 Urban Households5. Home Purchase and Construction Expenditure Financed by Saving Withdrawals ..; 6. Type of Employer for Households With a Head in the Age Range 25-59; 7. Median Regressions for the Saving Rate; 8. Median Regressions for the Saving Rate Including Imputed Value of Owner Occupied Housing; Appendix Tables; A1. Saving Rates and Household Income in Household Surveys and National Accounts; A2. Breakdown of Consumption Expenditures Across Different Categories; Text Figures; 1. Contributions to Gross Domestic Savings as a Percentage of GDP 327 $a2. Saving Rate and Share of Total Savings by Income Quintile3. Average Disposable Income and Consumption by Age of Head of Household; 4. Income and Consumption for Different Cohorts Over Time; 5. Average Saving Rates by Age of Head of Household; 6. Age, Cohort, and Year Effects on Income, Consumption and Saving Rates; 7. Average and Standard Deviation of the Shares of Consumption Expenditure on Education and Health as a Function of Age of the Head of the Household; 8. Home Ownership by Age of the Head of Household; 9. Age Distribution of the Chinese Population: Estimates and Projections 327 $aAppendix FiguresA1. Aggregate Saving Rate in an OLG Model with Credit Constraints as a Function of Geometric Growth Rate of Wages; A2. Aggregate Saving Rate in an OLG Model with Credit Constraints as a Function of Geometric Growth Rate of Wages and the Credit Constraint; References 330 3 $aFrom 1995 to 2005, the average urban household saving rate in China rose by 7 percentage points, to ¼ of disposable income. We use household-level data to explain the postponing of consumption despite rapid income growth. Tracing cohorts over time indicates virtually no consumption smoothing over the life cycle. Saving rates have increased across all demographic groups, although the age-profile of savings has an unusual U-shaped pattern, with saving rates being the highest among the youngest and oldest households in recent years. These patterns are best explained by the rising private burden of expenditures on housing, education, and health care. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2008/145 606 $aSaving and investment$zChina$xEconometric models 606 $aHouseholds$xEconomic aspects$zChina$xEconometric models 606 $aAggregate Factor Income Distribution$2imf 606 $aAging$2imf 606 $aConsumption$2imf 606 $aDemography$2imf 606 $aDisposable income$2imf 606 $aEconomic Development: Urban, Rural, Regional, and Transportation Analysis$2imf 606 $aEconomics of the Elderly$2imf 606 $aEconomics of the Handicapped$2imf 606 $aEconomics$2imf 606 $aHousing$2imf 606 $aIncome$2imf 606 $aInfrastructure$2imf 606 $aMacroeconomics$2imf 606 $aMacroeconomics: Consumption$2imf 606 $aNational income$2imf 606 $aNon-labor Market Discrimination$2imf 606 $aPersonal Income, Wealth, and Their Distributions$2imf 606 $aPopulation & demography$2imf 606 $aPopulation aging$2imf 606 $aSaving and investment$2imf 606 $aSaving$2imf 606 $aWealth$2imf 607 $aChina$xEconomic conditions$y1976-2000$xEconometric models 607 $aChina$xEconomic conditions$y2000-$xEconometric models 607 $aChina, People's Republic of$2imf 615 0$aSaving and investment$xEconometric models. 615 0$aHouseholds$xEconomic aspects$xEconometric models. 615 7$aAggregate Factor Income Distribution 615 7$aAging 615 7$aConsumption 615 7$aDemography 615 7$aDisposable income 615 7$aEconomic Development: Urban, Rural, Regional, and Transportation Analysis 615 7$aEconomics of the Elderly 615 7$aEconomics of the Handicapped 615 7$aEconomics 615 7$aHousing 615 7$aIncome 615 7$aInfrastructure 615 7$aMacroeconomics 615 7$aMacroeconomics: Consumption 615 7$aNational income 615 7$aNon-labor Market Discrimination 615 7$aPersonal Income, Wealth, and Their Distributions 615 7$aPopulation & demography 615 7$aPopulation aging 615 7$aSaving and investment 615 7$aSaving 615 7$aWealth 676 $a338.28345 700 $aChamon$b Marcos$01090692 701 $aPrasad$b Eswar$0124415 712 02$aInternational Monetary Fund.$bResearch Dept. 801 0$bDcWaIMF 906 $aBOOK 912 $a9910813693203321 996 $aWhy are Saving Rates of Urban Households in China Rising$94038210 997 $aUNINA