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dc.contributor.advisorWeagley, Robert Otis, 1952-eng
dc.contributor.authorWang, Feifei, 1985-eng
dc.coverage.spatialChinaeng
dc.coverage.spatialUnited Stateseng
dc.date.issued2010eng
dc.date.submitted2010 Summereng
dc.descriptionTitle from PDF of title page (University of Missouri--Columbia, viewed on Aug. 24, 2010).eng
dc.descriptionThe 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.eng
dc.descriptionThesis advisor: Dr. Robert O. Weagley.eng
dc.descriptionIncludes bibliographical references.eng
dc.descriptionM.S. University of Missouri--Columbia 2010.eng
dc.descriptionDissertations, Academic -- University of Missouri--Columbia -- Personal financial planning.eng
dc.description.abstractThe 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.eng
dc.format.extentvii, 89 pageseng
dc.identifier.merlinb8070797xeng
dc.identifier.oclc689063871eng
dc.identifier.otherWangF-072110-T514eng
dc.identifier.urihttp://hdl.handle.net/10355/9293eng
dc.languageEnglisheng
dc.publisherUniversity of Missouri--Columbiaeng
dc.relation.ispartofcollectionUniversity of Missouri-Columbia. Graduate School. Theses and Dissertationseng
dc.subject.lcshSavings accountseng
dc.subject.lcshInvestments, Chineseeng
dc.subject.lcshInvestments, Americaneng
dc.subject.lcshEducation savings accountseng
dc.subject.lcshEducation savings accountseng
dc.subject.lcshIndividual retirement accountseng
dc.subject.lcshIndividual retirement accountseng
dc.titleA comparison of household saving motives between Chinese and Americanseng
dc.typeThesiseng
thesis.degree.disciplinePersonal financial planning (MU)eng
thesis.degree.disciplineConsumer and family economics (MU)eng
thesis.degree.grantorUniversity of Missouri--Columbiaeng
thesis.degree.levelMasterseng
thesis.degree.nameM.S.eng


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