The DOI matches its Crossref record; 31 of the 31 references it cites were found in a registry or an index.
The Competitive Saving Motive: Evidence from Rising Sex Ratios and Savings Rates in China
Abstract
The high and rising household savings rate in China is not easily reconciled with the traditional explanations that emphasize life cycle factors, the precautionary saving motive, financial development, or habit formation. This paper proposes a new competitive saving motive: as the sex ratio rises, Chinese parents with a son raise their savings in a competitive manner in order to improve their son’s relative attractiveness for marriage. The pressure on savings spills over to other households. Both cross-regional and household-level evidence supports this hypothesis. This factor can potentially account for about half the actual increase in the household savings rate during 1990–2007.
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Cites
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Marriage Market, Divorce Legislation, and Household Labor Supply
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Missing Women and the Price of Tea in China: The Effect of Sex-Specific Earnings on Sex Imbalance*
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Saving and Growth with Habit Formation
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Social Norms, Savings Behavior, and Growth
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The Chinese Saving Puzzle and the Life-Cycle Hypothesis
Modigliani, F., & Cao, S. L. (2004) · Journal of Economic Literature · doi:10.1257/.42.1.145 · Cited by 575
Running to Keep in the Same Place: Consumer Choice as a Game of Status
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Cited by
Unobservable Selection and Coefficient Stability: Theory and Evidence
Oster, E. (2019) · Journal of Business & Economic Statistics · doi:10.1080/07350015.2016.1227711 · Cited by 5,367
The China Shock: Learning from Labor-Market Adjustment to Large Changes in Trade
Autor, D. H., Dorn, D., & Hanson, G. H. (2016) · Annual Review of Economics · doi:10.1146/annurev-economics-080315-015041 · Cited by 1,305
Income uncertainty and household savings in China
Chamon, M., Liu, K., & Prasad, E. (2013) · Journal of Development Economics · doi:10.1016/j.jdeveco.2013.07.014 · Cited by 268
Demographic Patterns and Household Saving in China
Curtis, C. C., Lugauer, S., & Mark, N. C. (2015) · American Economic Journal: Macroeconomics · doi:10.1257/mac.20130105 · Cited by 212
Home ownership as status competition: Some theory and evidence
Wei, S.-J., Zhang, X., & Liu, Y. (2017) · Journal of Development Economics · doi:10.1016/j.jdeveco.2016.12.001 · Cited by 164
Self-citation
Metadata
- Authors
- Wei, S.-J., & Zhang, X.
- Venue
- Journal of Political Economy
- Publisher
- University of Chicago Press
- Published
- 2011-06
- Volume
- 119
- Issue
- 3
- Pages
- 511-564
- ISSN
- 0022-3808 (ISSN-L)
- 1537-534X
- OpenAlex
- W3094234085
- Cited by
- 988
- References
- 31
- FWCI
- 191.06
- Type
- journal article
- Language
- en
- Open access
- closed
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