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dc.contributor.authorYao, Ruieng
dc.contributor.authorXiao, Jing Jianeng
dc.contributor.authorLiao, Lieng
dc.contributor.deptlabPersonal Financial Planningeng
dc.coverage.spatialChinaeng
dc.date.issued2014eng
dc.descriptionPostprinteng
dc.description.abstractThe Chinese maintain one of the highest saving rates in the world. Although saving is generally regarded as a good practice, in a market economy, extremely high saving rates can constrain welfare enhancing consumption and growth of gross domestic product. Prior research on the saving behavior of Chinese consumers gives indirect evidence of various saving motives. This study, in contrast, examines factors associated with saving motives that are directly reported by consumers in a national survey in China. Findings indicate the three most frequently reported motives are saving for emergency, children’s education, and retirement. Mediation analysis results indicate that saving motives reported directly by Chinese survey participants have obvious life cycle patterns.eng
dc.description.bibrefIncludes bibliographical references.eng
dc.description.statementofresponsibilityPublished: 2014eng
dc.format.extent35 pageseng
dc.identifier10.1007/s10834-014-9395-2eng
dc.identifier.citationOriginal: Yao, R., Xiao, J.J. & Liao, L. Effects of Age on Saving Motives of Chinese Urban Consumers. J Fam Econ Iss 36, 224-238 (2015). https://doi.org/10.1007/s10834-014-9395-2eng
dc.identifier.urihttps://doi.org/10.1007/s10834-014-9395-2eng
dc.identifier.urihttps://hdl.handle.net/10355/62734
dc.languageEnglisheng
dc.rightsOpenAccess.eng
dc.rights.licenseThis work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 License.eng
dc.subjectChina ; precautionary saving ; retirement ; saving motive ; saving rate ; wealth preservationeng
dc.titleEffects of age on saving motives of Chinese urban consumerseng
dc.typePostprinteng
dc.typeArticleeng


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