Series: IMF Working Papers
Author(s): Kai Liu , Marcos Chamon , and Eswar Prasad
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 December 2010
Keywords: household savings, income uncertainty, buffer-stock savings, pension, pension reform, retirement, survey, calibration,
China's household saving rate has increased markedly since the mid-1990s and the age-savings profile has become U-shaped. We find that rising income uncertainty and pension reforms help explain both of these phenom...