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Housing Prices and the High Chinese Saving Rate Puzzle


Can Rising Housing Prices Explain China's High Household Saving ...

Although borrowing constraints and demographic changes can help translate housing prices to the aggregate saving rate, quantitative simulations using Chinese ...

Co-residence, Life-Cycle Savings and Inter-generational Support in ...

Chamon and Prasad (2010) earlier conjecture about the importance of high housing costs for explaining the high savings rates in China. 5Wu et al. (2010) ...

China's High Savings Rates

Following the sharp increase in income that followed Deng Xiaoping's economic reforms, house- hold savings rates in China began to rise rapidly. They have ...

How do housing prices affect consumption in China? New evidence ...

The increase in housing prices has resulted in an unusually high house-price-to-income ratio (PIR) which is the ratio of median housing prices ...

The One-Child Policy and Household Savings

... Chinese Saving Puzzle'). In a sense, a distinguishing ... Household Savings in China: the Role of the Housing Market and Borrowing Constraints, mimeo.

The Chinese Saving Puzzle and the Life-Cycle Hypothesis

recession and sluggish performance,. China stands out with its sustained high growth, perhaps due to market-oriented economic reforms that began in 1978. The.

The Determinants of Chinese Household Saving During 1978-2012

that housing price may have on household saving rate and wealth inequality in urban China. ... testing, they found that China's household saving rate has been ...

Analysis on the Causes of High Savings of China's Households

Through the comparison with American household savings rate in 2011-2020, it can be seen that Chinese household saving for a higher level, and GDP growth is ...

A Rebalancing Chinese Economy: Challenges and International ...

The three sectors — household, corporate and government — all contributed positively to China's high and rising investment and saving rates during 1992–2013, ...

Evidence from Rising Sex Ratios and Savings Rates in China ... - jstor

8 In addition, we have suggested a possible spillover channel through the price of housing: if a higher sex ratio leads to a higher cost of housing due to ...

Economic policy uncertainty, monetary policy, and housing price in ...

Under a high policy uncertainty regime, expansionary quantitative monetary policy can facilitate house price growth, whereas a contractionary ...

Why are Saving Rates of Urban Households in China Rising?

through the housing reform) and that, despite the high home ownership rate, the housing market in China remains very active. It is possible that ...

China's property market is in freefall. What does this mean for the ...

The government wants to intervene to curb speculation, and rein in what it calls the “three high” problem: high prices, high debt and high ...

What to Know About China's Real Estate Crisis and Economy

Home prices have slumped, denting Chinese households' savings, and confidence, as the government tries to transition from an economy powered by ...

Why Are Saving Rates So High in China?

In this paper, we define “The Chinese Saving Puzzle” as the persistently high national saving ... save to prepare for mortgage payments or housing upgrades.

Relationship between the Chinese housing and marriage markets

Housing prices in some cities in China have increased more than tenfold in the past decade. They appear to be rising too fast relative to the ...

Did China's One-Child Policy Prompt Households to Save More?

Researchers investigate whether the lack of a “family safety net” is responsible for China's singularly high household savings rate.

Household Saving in China - World Bank Documents and Reports

Consider China's transition from plan to market. Before 1978 China's high saving rates, averag- ing 27 percent of GNP, were engineered by state fiat. Distorted ...

‪Yi WEN‬ - ‪Google Scholar‬

Housing prices and the high Chinese saving rate puzzle. X Wang, Y Wen. China Economic Review 23 (2), 265-283, 2012. 87, 2012. Making of An Economic Superpower ...

Housing demand and household saving rates in china

Among renters, household saving rates are slightly higher for private market renters than for public housing renters. 5. Estimation. 5.1.