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The Chinese saving puzzle and the life-cycle hypothesis: A revaluation (2011)_香港中文大学

香港中文大学 辅仁网/2017-07-06

The Chinese saving puzzle and the life-cycle hypothesis: A revaluation
Publication in refereed journal


香港中文大学研究人员 ( 现职)
赵志鉅教授 (经济学系)


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引用次数
Web of Sciencehttp://aims.cuhk.edu.hk/converis/portal/Publication/5WOS source URL

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摘要In a stimulating paper. Modigliani and Cao (2004) concluded that most of the huge increase in the household saving rate in China since 197http://aims.cuhk.edu.hk/converis/portal/Publication/5, the 'Chinese saving puzzle', can be explained by the life-cycle hypothesis. Their analysis is based on the estimation of reduced form equations. However, a structural model of their hypothesis would impose constraints on these equations. For not taking them into account, their test of the life-cycle hypothesis lacks power.

着者Chao CC, Laffargue JP, Yu E
期刊名称China Economic Review
出版年份2011
月份3
日期1
卷号22
期次1
出版社Elsevier
页次108 - 120
国际标準期刊号1043-9http://aims.cuhk.edu.hk/converis/portal/Publication/51X
电子国际标準期刊号1873-7781
语言英式英语

关键词China; Household saving; Life-cycle
Web of Science 学科类别Business & Economics; Economics; ECONOMICS

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