455
Views
3
CrossRef citations to date
0
Altmetric
Symposium: Financial Development and Regulation; Guest Editors: Chung-Hua Shen, HaiChi Lee, Xu Li, and Xiaojian Liu

Old-Age Social Insurance and Household Consumption: Evidence from China

, , &

References

  • Agarwal, S., J. Pan, and W. Qian. 2016. Age of decision: Pension savings withdrawal and consumption and debt response. Social Science Electronic Publishing.
  • Attanasio, O. P., and S. Rohwedder. 2001. Pension wealth and household saving: Evidence from pension reforms in the United Kingdom. American Economic Review 93(5):1499–1521.
  • Aydede, Y. 2008. Aggregate consumption function and public social security: The first time-series study for a developing country, turkey. Applied Economics 40 (14):1807–26. doi:10.1080/00036840600905167.
  • Bai, C. E., and B. Z. Wu. 2012. China’s old-age social insurance expends impact on consumption and saving. Chinese Social Sciences 12 (8):48–71.
  • Barro, R. 1974. Are government bonds net wealth? Journal of Political Economy 3 (6):1095–117. doi:10.1086/260266.
  • Barro, R. J., and G. M. Macdonald. 1979. Social security and consumer spending in an international cross section. Journal of Public Economics 11 (3):275–89. doi:10.1016/0047-2727(79)90024-0.
  • Chen, H., W. Y. Hsu, and M. A. Weiss. 2014. The pension option in Labor Insurance and its effect on household saving and consumption: Evidence from Taiwan. Journal of Risk and Insurance 82 (4):947–975.
  • Feldstein, M. 1974. Social security, induced retirement, and aggregate capital accumulation. Journal of Political Economy 82 (5):905–26. doi:10.1086/260246.
  • Feng, J., L. He, and H. Sato. 2009. Public pension and household saving: Evidence from urban China. Journal of Comparative Economics 39: 470–485.
  • He, J. H. 2000. Consumption function analysis. Social Sciences Literature Press.
  • Hubbard, R. G., and K. L. Judd. 1987. Social security and individual welfare: Precautionary saving, liquidity constraints, and the payroll tax. American Economic Review 77 (4):630–46.
  • Keynes, J. M. 1936. “The General Theory of Employment Interest and Money.” The Collected Writings of John Maynard Keynes Vol. VII[M]// Keynes’ General Theory. UK: Palgrave Macmillan.
  • Leland, H. E. 1968. Saving and uncertainty: The precautionary demand for saving. The Quarterly Journal of Economics 82 (3):129–39. doi:10.2307/1879518.
  • Modigliani, F., and R. E. Brumberg. 1956. Utility analysis and the consumption function: An interpretation of cross-section data. Journal of Post Keynesian Economics, 388–436.
  • Samuelson, P. A. 1958. An exact consumption loan model of interest with or without the contrivance of money. Journal of Political Economy 66 (6):32–35. doi:10.1086/258100.
  • Shefrin, H. M., and R. H. Thaler. 1988. The behavioral life-cycle hypothesis. Economic Inquiry 26 (4):609–43. doi:10.1111/ecin.1988.26.issue-4.
  • Wilcox, D. W. 1989. Social security benefits, consumption expenditure, and the life cycle hypothesis. Journal of Political Economy 97 (97):288–304. doi:10.1086/261604.
  • Zhang, C. C., J. Giles, and Y. H. Zhao. 2014. Evaluation on the effect of new rural social endowment insurance policy. China Economic Quarterly 1 (1):203–30.
  • Zhang, J. H. 2008. The impact of social security wealth on consumption: Based on the empirical study of urban residents. Journal of Shandong University (Philosophy and Social Sciences) 8 (3):112–19.
  • Zhao, Q., Z. Li, and T. C. Chen. 2016. The impact of public pension on household consumption: Evidence from China’s survey data. Sustainability 8 (9):890. doi:10.3390/su8090890.
  • Zhao, Y. H., J. Strauss, G. H. Yang, J. Giles, P. F. Hu, Y. S. Hu, X. Y. Lei, A. Park, J. P. Smith, and Y. F. Wang. 2013. China health and retirement longitudinal study, 2011-2012. The National School of Development of Peking University who published the data demand the user to cite in this way.
  • Zhao, Y. H., J. Strauss, G. H. Yang, J. Giles, P. F. Hu, Y. S. Hu, X. Y. Lei, A. Park, J. P. Smith, and Y. F. Wang. 2015. China health and retirement longitudinal study, 2013-2014 National Baseline Users’ Guide. National School of Development, Peking University. The National School of Development of Peking University who published the data demand the user to cite in this way.
  • Zheng, H., and T. Zhong. 2015. The impacts of social pension on rural household expenditure: Evidence from China. Journal of Economic Policy Reform 19 (3):221–237.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.