Title

Why Are Saving Rates of Urban Households in China Rising?

Marcos Chamon and Eswar Prasad

Why Are Saving Rates of Urban Households in China Rising?

From 1995 to 2005, the average urban household saving rate in China rose by 7 percentage points, to ¼ of disposable income. The authors use household-level data to explain the postponing of consumption despite rapid income growth. Saving rates have increased across all demographic groups, although...
Topics: 
Economy