Research on the influence mechanism of child dependency ratio on household saving rate
DOI:
https://doi.org/10.54097/hbem.v8i.7166Keywords:
Household saving rate; Child dependency ratio; Intergenerational care; Regional differences.Abstract
High family savings rate has always been an important feature of China's economy. With the gradual opening of China's birth policy, the high family savings rate is closely related to children's dependency ratio. Based on the data of CFPS in 2018, the regression results show that: first, the child dependency ratio enhances the precautionary savings of families and increases the household savings rate; Second, generational care makes the parents' lasting income more stable, so under the condition of the same child support ratio, households with generational care have a lower savings rate; Third, the ratio of child dependency in eastern and western families has a significant positive effect on saving rate, while the central region has no significant effect. Finally, it puts forward some suggestions on strengthening social security, advocating intergenerational care and narrowing the gap between East and west China.
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