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The One-Child Policy and Household Saving by Taha Choukhmane; Nicolas Coeurdacier; Keyu Jin is a Economics, Econometrics and Finance article available to read on EtoBox.

What is The One-Child Policy and Household Saving about?

## Abstract We investigate whether the “one-child policy” has contributed to the rise in China’s household saving rate and human capital in recent decades. In a life-cycle model with intergenerational transfers and human capital accumulation, fertility restrictions lower expected old-age support coming from children—inducing parents to raise saving and education investment in their offspring. Quantitatively, the policy can account for at least 30% of the rise in aggregate saving. Using the birth of twins under the policy as an empirical out-of-sample check to the theory, we find that quantitative estimates on saving and education decisions line up well with micro-data.

Who reads The One-Child Policy and Household Saving?

Author

Taha Choukhmane; Nicolas Coeurdacier; Keyu Jin

Publisher

Oxford University Press (OUP)

Published

2023

Language

EN

Field

Economics, Econometrics and Finance (Social Sciences)