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Effects of Age on Saving Motives of Chinese Urban Consumers

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Listed:
  • Rui Yao
  • Jing Xiao
  • Li Liao

Abstract

Prior research on the saving behavior of Chinese consumers gave indirect evidence of various saving motives. In contrast, this study examined saving motives directly reported by consumers in a national survey in China. Findings indicated that the three most commonly reported motives were saving for emergency, children’s education, and retirement. Mediation analysis results suggested that saving motives reported by Chinese survey participants had clear life cycle patterns. Copyright Springer Science+Business Media New York 2015

Suggested Citation

  • Rui Yao & Jing Xiao & Li Liao, 2015. "Effects of Age on Saving Motives of Chinese Urban Consumers," Journal of Family and Economic Issues, Springer, vol. 36(2), pages 224-238, June.
    • Handle: RePEc:kap:jfamec:v:36:y:2015:i:2:p:224-238
    DOI: 10.1007/s10834-014-9395-2
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    References listed on IDEAS

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    Cited by:

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    2. Fang Zhao & Jie Sun & Raj Devasagayam & Gary Clendenen, 2017. "Chinese-American Consumption of Financial Service: A Cultural Framework," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 7(7), pages 192-206, July.
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    4. Anna Jędrzychowska, 2022. "A Bridge Life Insurance for Households—Diagnosis and Motives," Risks, MDPI, vol. 10(4), pages 1-21, April.
    5. Zeynep Copur & Michael S. Gutter, 2019. "Economic, Sociological, and Psychological Factors of the Saving Behavior: Turkey Case," Journal of Family and Economic Issues, Springer, vol. 40(2), pages 305-322, June.
    6. Žan Lep & Maja Zupančič & Mojca Poredoš, 2022. "Saving of Freshmen and Their Parents in Slovenia: Saving Motives and Links to Parental Financial Socialization," Journal of Family and Economic Issues, Springer, vol. 43(4), pages 756-773, December.

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