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- W1569808854 abstract "Using a large set of household-level survey data, this paper explores determinants of saving behaviour in rural China. The rich specification of the model, necessarily ad hoc, enables consideration of an extensive array of variables. It is found that (a) liqui dity constraints, precautionary motives and industrialisation contribute positively to the unusually high saving rate in China; (b) culture is a significant factor in helping explain inter-regional differences in saving rate; (c) the life cycle hypothesis is rejec ted since a Upattern, contrary to the commonly claimed hump, is discovered; and (d) the permanent income hypothesis is not accepted as wealth is found to be nega tively related to savings." @default.
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- W1569808854 date "2003-01-01" @default.
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- W1569808854 title "Saving behaviour in a transition economy: An empirical case study of rural China" @default.
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