2016
DOI: 10.1007/s12062-016-9159-x
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Are the Chinese Saving for Old Age?

Abstract: Worldwide, older people’s support used to be the adult children’s responsibility. In China, two generations after introducing the one-child policy in the late 70-ies, this becomes an increasingly demanding obligation. The Chinese government took the responsibility to mitigating old- age poverty risks and realized unprecedented progress in pension coverage. At the same time, the household savings increased to about 30 % of disposable income. Built on previous research on the politics of ageing, this study analy… Show more

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Cited by 5 publications
(2 citation statements)
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“…Intergenerational assistance can be categorized into financial and emotional support from children. Self-support through personal finance, homeownership and wealth management has also gained popularity among senior citizens giving retired elderly the capacity to invest towards their old age [8]. Additionally, being in a good health condition enhances the elderly’s ability to physically support themselves, hence reducing the burden on children.…”
Section: Introductionmentioning
confidence: 99%
“…Intergenerational assistance can be categorized into financial and emotional support from children. Self-support through personal finance, homeownership and wealth management has also gained popularity among senior citizens giving retired elderly the capacity to invest towards their old age [8]. Additionally, being in a good health condition enhances the elderly’s ability to physically support themselves, hence reducing the burden on children.…”
Section: Introductionmentioning
confidence: 99%
“…Many studies examine the relationship between population aging and economic performance using China as an object of investigation. The subjects of investigation include the age structure and international trade (Fukumoto & Kinugasa, 2017; Gudmundsson & Zoega, 2014), population aging, household savings, and the current account (İmrohoroğlu & Zhao, 2020; Zhu, 2011), population aging and public pension provisions (van Dullemen et al, 2017), aging and economic growth (Park & Shin, 2012), and household expenditures (van Dullemen et al, 2017). As the demographic changes in China are distinctive in terms of scale, scope, and speed, examining their effects on economic activities is still subject to open debate.…”
Section: Literature Reviewmentioning
confidence: 99%