With the increasing concerns of global economic recovery and climate change, the
improvement of carbon emission efficiency has become extremely significant to get rid of …

This study investigates the impact of long-term care insurance (LTCI) on the non-health
consumption of elderly households. By exploiting a quasi-experiment on the public LTCI …

With the economic development of various countries and the deepening of population aging,
health plays an increasingly important role in the macro-economy. How to meet the growing …

China's high national savings rate—one of the highest in the world—is at the heart of its
external/internal imbalances. High savings finance elevated investment when held …

We use a model of household life-cycle saving decisions to quantify the impact of
demographic changes on aggregate household saving rates in Japan, China, and India …

China's real GDP has been growing by almost 10 percent a year for the last three decades.
For how long should we expect this spectacularly high growth to continue? We propose a …

This paper examines the impact of family size on household saving. We first study a
theoretical life-cycle model that includes finite lifetimes and saving for retirement and in …

This article documents that parents accumulate savings to insure their children against
income risk. I refer to this behaviour as dynastic precautionary saving. Using a sample of …

We show that an estimated tractable 'buffer stock saving'model can match the 30-year
decline in the US saving rate leading up to 2007, the sharp increase during the Great …

BACKGROUND China introduced its world-famous One-Child Policy in 1979. However, its
fertility appears to have declined even faster in the early 1970s than it did after 1979. The …