The Mechanism and Effect of Population Aging on Various Savings Rates

MENG Ling-guo; MA Jing-yan

Volume 35 Issue 1

May 2021

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MENG Ling-guo, MA Jing-yan. The Mechanism and Effect of Population Aging on Various Savings Rates[J]. Journal of Guangdong University of Finance & Economics, 2020, 35(1): 30-43.

Citation:

MENG Ling-guo, MA Jing-yan. The Mechanism and Effect of Population Aging on Various Savings Rates[J]. Journal of Guangdong University of Finance & Economics, 2020, 35(1): 30-43.

MENG Ling-guo, MA Jing-yan. The Mechanism and Effect of Population Aging on Various Savings Rates[J]. Journal of Guangdong University of Finance & Economics, 2020, 35(1): 30-43.

Citation:

MENG Ling-guo, MA Jing-yan. The Mechanism and Effect of Population Aging on Various Savings Rates[J]. Journal of Guangdong University of Finance & Economics, 2020, 35(1): 30-43.

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The Mechanism and Effect of Population Aging on Various Savings Rates

School of Finance, Guangdong University of Finance & Economics, Guangzhou 510320, China

Received Date: 2019-09-26
Available Online: 2021-05-15
Publish Date: 2020-01-28

Abstract

Abstract

Taking the data of China from 1992 to 2017 as a sample, and using the life cycle theory, this study employs the VAR model to investigate the impact of population aging on household savings rate, corporate savings rate and government savings rate. The empirical results show that: the aging of the population has the greatest impact on the corporate savings rate, with the impact being first negative then positive, and secondary impact on the government savings rate, with a positive effect followed by a negative effect, and the least impact on the household savings rate, with the effect being first positive then negative. Therefore, in order to cope with the impact of population aging on various savings rates, it is recommended to implement the cultivation of innovative talents, industrial structure upgrading, improve endowment insurance, establish an old-age financial system, develop a silver-haired industry and an elastic retirement system.
- population ageing,
- savings rate,
- household savings rate,
- corporate savings rate,
- government savings rate,
- life cycle,
- savings

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References(27)

References

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