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Age Structure of the Population and High Savings: Theoretical Models and Empirical Evidence

In: China's Road and Aging Population

Author

Listed:
  • Qiuyun Zhao

    (National Development Research Institute, Peking University)

  • Zhenrong Zhao

    (Tsinghua University)

  • Jinqiu Ma

    (Peking University)

Abstract

It has been widely recognized that the savings rate of China is significantly higher than that of other countries and regions around the world. According to statistics from the World Monetary Fund (IMF), the total savings rate of China fluctuated approximately 40–50% from 2000 to 2015, while the average value in other countries in the world was approximately 30%; it is approximately 10–20% in western developed countries such as the UK and the United States.

Suggested Citation

  • Qiuyun Zhao & Zhenrong Zhao & Jinqiu Ma, 2023. "Age Structure of the Population and High Savings: Theoretical Models and Empirical Evidence," Springer Books, in: Yining Li & Qiuyun Zhao & Zhiqiang Cheng (ed.), China's Road and Aging Population, pages 153-171, Springer.
    • Handle: RePEc:spr:sprchp:978-981-19-8891-2_11
    DOI: 10.1007/978-981-19-8891-2_11
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