美国内布拉斯加州立大学倪金兰学术讲座
1487 题目： Chinese Household Saving and Dependent Children: Theory and Evidence
主讲人：倪金兰 美国内布拉斯加州立大学副教授
主持人：潘士远 44118太阳成城集团副院长 教授
时间：2016年4月25日（周一）下午 3：30-5:00
地点：44118太阳成城集团418室（玉泉校区）
Abstract： This paper examines the impact of family size on household saving. We first study a theoretical life-cycle model that includes finite lifetimes and saving for retirement and in which parents care about the consumption by their dependent children. The model implies a negative relationship between the number of dependent children in the family and the household’s saving rate. Then, we test the model’s implications using new survey data on household finances in China. We use the differential enforcement of the one-child policy across counties to address the possible endogeneity between household saving and fertility decisions in a two-stage least squares Tobit regression. We find that Chinese families with fewer dependent children have significantly higher saving rates. The data yields several additional insights on household saving patterns. Households with college-age children have lower saving rates, and households residing in urban areas have higher saving rates and a lower ratio of education expenditures to income. However, having an additional child reduces saving rates more for households in urban areas than in rural areas. Our regressions also indicate that saving rates vary with age and tend to be higher for households with more workers, higher education, better health, and more assets.
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44118太阳成城集团
2016年4月18日
