کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
7366861 1479216 2018 41 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Keeping up with the Zhangs: Relative income and wealth, and household saving behavior
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Keeping up with the Zhangs: Relative income and wealth, and household saving behavior
چکیده انگلیسی
Research has shown high income households to have high saving rates. Using detailed Chinese household survey data, this study demonstrates that saving rates are determined by relative, rather than absolute, income level. Specifically, households with higher than the average income in their locality save a larger fraction of their income. To explain this finding, this study proposes a utility function that incorporates both relative consumption and relative wealth. This function not only generates higher saving rates by relatively high income households, but also predicts the observed correlation between economic growth and the aggregate saving rate on the national level.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Macroeconomics - Volume 55, March 2018, Pages 77-95
نویسندگان
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