Chamon, Marcos D.; Prasad, Eswar S. - In: American Economic Journal: Macroeconomics 2 (2010) 1, pp. 93-130
From 1995 to 2005, the average urban household savings rate in China rose by 7 percentage points, to about one-quarter of disposable income. Savings rates increased across all demographic groups, and the age profile of savings has an unusual pattern in recent years, with younger and older...