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How Does the Ageing Population Affect China’s Household Savings Rate? Empirical Study Based on China’s Micro Household Data

The impact of the ageing population on China’s economy and society is multifaceted, with the impact on household savings rates being particularly important. This study investigates the influence of population ageing on household savings rates, utilizing data obtained from the China Household Finance...

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Main Authors: Haidong, Yuan, Puah, Chin Hong, Josephine Yau, Tan Hwang
Format: Article
Language:English
Published: Macrothink Institute 2023
Subjects:
HG Finance
Online Access:http://ir.unimas.my/id/eprint/45232/1/How%20Doe.pdf
http://ir.unimas.my/id/eprint/45232/
https://www.macrothink.org/journal/index.php/ber/article/view/21442
https://doi.org/10.5296/ber.v13i4.21442
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spelling my.unimas.ir.452322024-07-12T01:41:03Z http://ir.unimas.my/id/eprint/45232/ How Does the Ageing Population Affect China’s Household Savings Rate? Empirical Study Based on China’s Micro Household Data Haidong, Yuan Puah, Chin Hong Josephine Yau, Tan Hwang HG Finance The impact of the ageing population on China’s economy and society is multifaceted, with the impact on household savings rates being particularly important. This study investigates the influence of population ageing on household savings rates, utilizing data obtained from the China Household Finance Survey (CHFS) spanning the period from 2015 to 2019. The study found that ageing has a significant negative effect on household savings rates. This finding suggests that there is a significant life-cycle effect on changes in household savings rates in China, which is not conducive to the formation of a second demographic dividend. From the perspective of mediating variables, population ageing growth reduces household income, thereby further decreasing the household savings rate, with income reduction being the main factor causing the decline in the household savings rate. Additionally, it has been found that the impact of population ageing on the household savings rate exhibits significant heterogeneity between urban and rural areas. The increasing proportion of the elderly population in rural areas has a stronger negative effect on the household savings rate. Macrothink Institute 2023 Article PeerReviewed text en http://ir.unimas.my/id/eprint/45232/1/How%20Doe.pdf Haidong, Yuan and Puah, Chin Hong and Josephine Yau, Tan Hwang (2023) How Does the Ageing Population Affect China’s Household Savings Rate? Empirical Study Based on China’s Micro Household Data. Business and Economic Research, 13 (4). pp. 227-240. ISSN 2162-4860 https://www.macrothink.org/journal/index.php/ber/article/view/21442 https://doi.org/10.5296/ber.v13i4.21442
institution Universiti Malaysia Sarawak
building Centre for Academic Information Services (CAIS)
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Sarawak
content_source UNIMAS Institutional Repository
url_provider http://ir.unimas.my/
language English
topic HG Finance
spellingShingle HG Finance
Haidong, Yuan
Puah, Chin Hong
Josephine Yau, Tan Hwang
How Does the Ageing Population Affect China’s Household Savings Rate? Empirical Study Based on China’s Micro Household Data
description The impact of the ageing population on China’s economy and society is multifaceted, with the impact on household savings rates being particularly important. This study investigates the influence of population ageing on household savings rates, utilizing data obtained from the China Household Finance Survey (CHFS) spanning the period from 2015 to 2019. The study found that ageing has a significant negative effect on household savings rates. This finding suggests that there is a significant life-cycle effect on changes in household savings rates in China, which is not conducive to the formation of a second demographic dividend. From the perspective of mediating variables, population ageing growth reduces household income, thereby further decreasing the household savings rate, with income reduction being the main factor causing the decline in the household savings rate. Additionally, it has been found that the impact of population ageing on the household savings rate exhibits significant heterogeneity between urban and rural areas. The increasing proportion of the elderly population in rural areas has a stronger negative effect on the household savings rate.
format Article
author Haidong, Yuan
Puah, Chin Hong
Josephine Yau, Tan Hwang
author_facet Haidong, Yuan
Puah, Chin Hong
Josephine Yau, Tan Hwang
author_sort Haidong, Yuan
title How Does the Ageing Population Affect China’s Household Savings Rate? Empirical Study Based on China’s Micro Household Data
title_short How Does the Ageing Population Affect China’s Household Savings Rate? Empirical Study Based on China’s Micro Household Data
title_full How Does the Ageing Population Affect China’s Household Savings Rate? Empirical Study Based on China’s Micro Household Data
title_fullStr How Does the Ageing Population Affect China’s Household Savings Rate? Empirical Study Based on China’s Micro Household Data
title_full_unstemmed How Does the Ageing Population Affect China’s Household Savings Rate? Empirical Study Based on China’s Micro Household Data
title_sort how does the ageing population affect china’s household savings rate? empirical study based on china’s micro household data
publisher Macrothink Institute
publishDate 2023
url http://ir.unimas.my/id/eprint/45232/1/How%20Doe.pdf
http://ir.unimas.my/id/eprint/45232/
https://www.macrothink.org/journal/index.php/ber/article/view/21442
https://doi.org/10.5296/ber.v13i4.21442
_version_ 1806430299890909184
score 13.211869

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