Series the Competitive Saving Motive : Evidence from Rising Sex Ratios and Savings Rates in China

@inproceedings{Wei2009SeriesTC,
  title={Series the Competitive Saving Motive : Evidence from Rising Sex Ratios and Savings Rates in China},
  author={Shang-jin Wei},
  year={2009}
}
While the high savings rate in China has global impact, existing explanations are incomplete. This paper proposes a competitive saving motive as a new explanation: as the country experiences a rising sex ratio imbalance, the increased competition in the marriage market has induced the Chinese, especially parents with a son, to postpone consumption in favor… CONTINUE READING