An Empirical Study on the Strength of Precautionary Savings Motive of Urban Inhabitants in China

作者：Yang Bi-yun · 发表于：Shanghai Caijing Daxue xuebao · 年份：2011 · 被引用次数：3 · 研究领域：Housing Market and Economics

Based on the interprovincial panel data of urban inhabitants in China from 1990 to 2008,this paper employs the fixed effects-instrumental variables model to make an empirical study of the regional differences and fluctuations of the strength of precautionary savings motive of urban inhabitants.The results show that there exists strong precautionary savings motive of urban inhabitants in China and urban inhabitants in western regions have the strongest precautionary savings motive,followed by the ones in central and eastern regions.Then the results of rolling regression reveal that the coefficients of relative prudence of nationwide,eastern,central and western urban inhabitants are featured by a trend from downward to upward as a whole,and the gap of the coefficient of relative prudence between urban inhabitants in eastern regions and the ones in central and western regions is gradually shortening.Finally,it puts forward some policy suggestions on slowing down the rapid growth of urban inhabitants' savings in China.