Household Saving in  C hina: The  K eynesian Hypothesis, Life‐Cycle Hypothesis, and Precautionary Saving Theory | Zendy

Liu Shenglong | Zendy; Hu Angang | Zendy

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Household Saving in C hina: The K eynesian Hypothesis, Life‐Cycle Hypothesis, and Precautionary Saving Theory

Author(s) -

Liu Shenglong,

Hu Angang

Publication year - 2013

Publication title -

the developing economies

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.305

H-Index - 30

eISSN - 1746-1049

pISSN - 0012-1533

DOI - 10.1111/deve.12026

Subject(s) - life cycle hypothesis , economics , life expectancy , expectancy theory , life saving , econometrics , keynesian economics , medicine , environmental health , population , management , medical emergency

We test the explanatory powers of K eynesian theory, the life‐cycle hypothesis, and the precautionary saving theory on household saving in C hina, based on data from 1990 to 2009 from 31 provinces and autonomous regions. The results show that the precautionary saving motivation explains household saving better than K eynesian theory. The study results also highlight the impact of life expectancy on C hina's household saving.

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