Precautionary Saving of Chinese and U.S. Households
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We employ a model of precautionary saving to study why household saving rates are so high in China and so low in the US. The use of recursive preferences gives a convenient decomposition of saving into precautionary and non precautionary components. This decomposition indicates that over 80 percent
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美国国家经济研究局创建时间：
2014-09-01
