A comparison of household saving motives between Chinese and Americans

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A comparison of household saving motives between Chinese and Americans

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dc.contributor.advisor Weagley, Robert Otis, 1952- en_US
dc.contributor.author Wang, Feifei, 1985- en_US
dc.coverage.spatial China
dc.coverage.spatial United States
dc.date.accessioned 2010-12-08T17:48:20Z
dc.date.available 2010-12-08T17:48:20Z
dc.date.issued 2010 en_US
dc.date.submitted 2010 Summer en_US
dc.identifier.other WangF-072110-T514 en_US
dc.identifier.uri http://hdl.handle.net/10355/9293
dc.description Title from PDF of title page (University of Missouri--Columbia, viewed on Aug. 24, 2010). en_US
dc.description The entire thesis text is included in the research.pdf file; the official abstract appears in the short.pdf file; a non-technical public abstract appears in the public.pdf file. en_US
dc.description Thesis advisor: Dr. Robert O. Weagley. en_US
dc.description Includes bibliographical references. en_US
dc.description M.S. University of Missouri--Columbia 2010. en_US
dc.description Dissertations, Academic -- University of Missouri--Columbia -- Personal financial planning. en_US
dc.description.abstract The main purpose of this study is to compare the household saving motives between Chinese and Americans. The two datasets used in this study are from the 2008 Survey of Chinese Consumer Finance and Investor Education and the 2007 Survey of Consumer Finances in the United States. The likelihood of reporting precautionary saving motive, education saving motive, and retirement saving motive was tested by logistic regression analysis. This study concluded that Chinese households were more likely to report the precautionary and education saving motives, when compared with American households. In terms of the retirement saving motive, only Chinese households placed in the first and second household income groups were more likely to perceive the retirement saving motive than their counterpart Americans. There was no difference in perceiving the retirement motive between Chinese and Americans for all the other household groups. The stronger motivation to save for Chinese than for Americans serves as a good explanation for the higher saving rates in China than in the United States. Policy makers and financial planners can use the findings to target particular population who are less motivated to save, and to help them realize the importance of saving and conduct necessary saving behaviors. en_US
dc.format.extent vii, 89 pages en_US
dc.language.iso en_US en_US
dc.publisher University of Missouri--Columbia en_US
dc.relation.ispartof 2010 Freely available theses (MU) en_US
dc.subject.lcsh Savings accounts en_US
dc.subject.lcsh Investments, Chinese en_US
dc.subject.lcsh Investments, American en_US
dc.subject.lcsh Education savings accounts en_US
dc.subject.lcsh Education savings accounts en_US
dc.subject.lcsh Individual retirement accounts en_US
dc.subject.lcsh Individual retirement accounts en_US
dc.title A comparison of household saving motives between Chinese and Americans en_US
dc.type Thesis en_US
thesis.degree.discipline Personal financial planning en_US
thesis.degree.grantor University of Missouri--Columbia en_US
thesis.degree.name M.S. en_US
thesis.degree.level Masters en_US
dc.identifier.merlin b8070797x
dc.identifier.oclc 689063871 en_US
dc.relation.ispartofcommunity University of Missouri-Columbia. Graduate School. Theses and Dissertations. Theses. 2010 Theses


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