01733cas a2200253 a 4500 AALejournalIMF005132 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451870039 1018-5941 BD-DhAAL BD-DhAAL Chamon, Marcos. Why are Saving Rates of Urban Households in China Rising? / Marcos Chamon, Eswar Prasad. Washington, D.C. : International Monetary Fund, 2008. 1 online resource (49 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students From 1995 to 2005, the average urban household saving rate in China rose by 7 percentage points, to u of disposable income. We use household-level data to explain the postponing of consumption despite rapid income growth. Tracing cohorts over time indicates virtually no consumption smoothing over the life cycle. Saving rates have increased across all demographic groups, although the age-profile of savings has an unusual U-shaped pattern, with saving rates being the highest among the youngest and oldest households in recent years. These patterns are best explained by the rising private burden of expenditures on housing, education, and health care. Mode of access: Internet Prasad, Eswar. IMF Working Papers; Working Paper ; No. 2008/145 Full text available on IMF http://elibrary.imf.org/view/journals/001/2008/145/001.2008.issue-145-en.xml IMF e-Library