题  目：The Chinese Savings Rate: Productivity,Old-Age Support, and Demographics

报告人：Kai Zhao   助教授   University of Connecticut 

主持人：夏�君   浙江大学经济学院

时  间：2015年6月15日   星期一   15:30-17:00

地  点：浙大玉泉校区外经贸大楼418室

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Abstract: In this paper we investigate the factors behind the increase in the national saving rate in China since 1980s. We _nd that a general equilibrium model that captures the role of family support, changes in demographics, and the increase in the productivity growth rate properly is capable of generating changes in the saving rate that mimic the data remarkably well. Our results indicate that high productivity growth observed in China can explain about half of the increase in the saving rate. The rest of the increase comes from the interaction between the decline in the fertility rate and the shortcomings of the old-age support provided by the government in China.

                                                 CRPE秘书处
                                                 2015-6-9