The Chinese Saving Puzzle and the Life-Cycle Hypothesis

By F. Modigliani, Shigong Cao. 2004

500 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/2f0e50a9d6bce23b1e1ca4bd6d3f8f11890ca1e4

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In Economics and Econometrics

Citations in the corpus

Rebalancing Growth in China: A Three-Handed Approach (2006, unknown): “Modigliani and Cao (2004) conclude that it is largely consistent with the life-cycle model (which emphasizes saving for retirement), once one takes into account the high growth rate and the onechild policy in China.”
The Competitive Saving Motive: Evidence from Rising Sex Ratios and Savings Rates in China (2009, background): “First, the life-cycle theory (Modigliani 1970; Modigliani and Cao 2004) predicts that the savings rate rises with the share of working age population in the total population.”
Cecchetti , Mohanty and Zampolli The real effects of debt The real effects of debt (2011, unknown): “See also Modigliani and Cao (2004), who argue that the high saving rate experienced by China is not due to a different preference for saving but is mainly a phenomenon driven by that country’s high growth rate.”
Explaining China's Low Consumption: The Neglected Role of Household Income (2007, unknown): “Using revised data would result in a large discrepancy between the two sides.”
New trends in population aging and challenges for China’s sustainable development (2020, methodology): “For instance, Using national data from 1953 to 2000, Modigliani and Cao (2004) find that population aging has negative impacts on saving rates and economic growth in China.”
Real Equilibrium Exchange Rate in China (2005, background): “According to Modigliani and Cao (2004) , the household saving rate reached 30% by the early nineties.”
Public pension and household saving: Evidence from urban China (2011, methodology): “2 The other effect of pension reform on aggregate household saving is that growth of pension distribution in the 1990s would have had a negative impact on the incentive to save for old age, as inferred by Modigliani and Cao (2004). But the extension of the pension system occurred at a slow pace.”
Demographic Patterns and Household Saving in China (2015, unknown): “University of Notre Dame, Department of Economics, 719 Flanner Hall, Notre Dame, IN 46556, USA, slugauer@nd.edu, (574) 631-1432.”
Why Has China Grown so Fast? The Role of Physical and Human Capital Formation (2011, unknown): “Household saving increased from 5% of income in 1978 to a peak of 34% in 1994, and remained above 24% in 2000 (Modigliani and Cao, 2004).”
Credit constraints and growth in a global economy (2012, background): “With full depreciation (δ = 1), investment to GDP ratios obey I i t/Y i t I t /Y j t = 1 + g̃ t+1 1 + g̃ t+1 , (20)”