How Long to Read Income Uncertainty and Household Savings in China

How Long Does it Take to Read Income Uncertainty and Household Savings in China?

It takes the average reader and 36 minutes to read Income Uncertainty and Household Savings in China by Mr.Marcos Chamon

Assuming a reading speed of 250 words per minute. Learn more

Description

China’s household saving rate has increased markedly since the mid-1990s and the age-savings profile has become U-shaped. We find that rising income uncertainty and pension reforms help explain both of these phenomena. Using a panel of Chinese households covering the period 1989-2006, we document that strong average income growth has been accompanied by a substantial increase in income uncertainty. Interestingly, the permanent variance of household income remains stable while it is the transitory variance that rises sharply. A calibration of a buffer-stock savings model indicates that rising savings rates among younger households are consistent with rising income uncertainty and higher saving rates among older households are consistent with a decline in the pension replacement ratio for those retiring after 1997. We conclude that rising income uncertainty and pension reforms can account for over half of the increase in the urban household savings rate in China since the mid-1990s as well as the U-shaped age-profile of savings.

How long is Income Uncertainty and Household Savings in China?

Income Uncertainty and Household Savings in China by Mr.Marcos Chamon is 36 pages long, and a total of 9,216 words.

This makes it 12% the length of the average book. It also has 11% more words than the average book.

How Long Does it Take to Read Income Uncertainty and Household Savings in China Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 50 minutes to read Income Uncertainty and Household Savings in China aloud.

What Reading Level is Income Uncertainty and Household Savings in China?

Income Uncertainty and Household Savings in China is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Income Uncertainty and Household Savings in China?

Income Uncertainty and Household Savings in China by Mr.Marcos Chamon is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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