Series: IMF Working Papers
Author(s): Marcos Chamon , and Eswar Prasad
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 June 2008
Keywords: household savings, age and cohort profiles of savings, borrowing constraints, precautionary savings financial development, demographics, expenditures, income growth, consumption growth, health expenditures, disposable income,
From 1995 to 2005, the average urban household saving rate in China rose by 7 percentage points, to 1/4 of disposable income. We use household-level data to explain the postponing of consumption despite rapid incom...