【主讲】Kai Zhao (University of Connecticut, Storrs, CT)
【主题】The Chinese Savings Rate: Productivity, Old-Age Support, and Demographics
【时间】2015年6月4日 (周四) 15：30-17：00
【地点】上海财经大学经济学院楼801室
【语言】英文
【摘要】In this paper we investigate the factors behind the increase in the na-tional saving rate in China since 1980s. We nd that a general equlibriummodel that captures the role of family support, changes in demographics,and the increase in the productivity growth rate properly is capable of gen-erating changes in the saving rate that mimic the data remarkably well.Our results indicate that high productivity growth observed in China canexplain about half of the increase in the saving rate. The rest of the in-crease comes from the interaction between the decline in the fertility rateand the shortcomings of the old-age support provided by the governmentin China.
