Effects of Age on Saving Motives of Chinese Urban Consumers

Yao, R., Xiao, J. J., & Liao, L. (2014). Effects of age on saving motives of Chinese urban consumers. Journal of Family and Economic Issues, 36(2), 224-238.

39 Pages Posted: 2 Mar 2016

See all articles by Rui Yao

Rui Yao

University of Missouri at Columbia - Department of Personal Finance Planning

Jing Jian Xiao

University of Rhode Island

Li Liao

Tsinghua University

Date Written: 2014

Abstract

Prior research on the saving behavior of Chinese consumers gave indirect evidence of various saving motives. In contrast, this study examined saving motives directly reported by consumers in a national survey in China. Findings indicated that the three most commonly reported motives were saving for emergency, children’s education, and retirement. Mediation analysis results suggested that saving motives reported by Chinese survey participants had clear life cycle patterns.

Keywords: China, mediation analysis, saving motive, saving rate

Suggested Citation

Yao, Rui and Xiao, Jing Jian and Liao, Li, Effects of Age on Saving Motives of Chinese Urban Consumers (2014). Yao, R., Xiao, J. J., & Liao, L. (2014). Effects of age on saving motives of Chinese urban consumers. Journal of Family and Economic Issues, 36(2), 224-238. , Available at SSRN: https://ssrn.com/abstract=2740023

Rui Yao (Contact Author)

University of Missouri at Columbia - Department of Personal Finance Planning ( email )

239 Stanley Hall
Columbia, MO 65211-7700
United States
573-882-9343 (Phone)
573-884-8389 (Fax)

HOME PAGE: http://pfp.missouri.edu/faculty_yao.html

Jing Jian Xiao

University of Rhode Island ( email )

Transition Center
Kingston, RI 02881
United States
401-874-2547 (Phone)
401-874-4020 (Fax)

HOME PAGE: http://www.uri.edu/hss/hdf/faculty/JingJXiao.htm

Li Liao

Tsinghua University ( email )

258E Weilun Hall
Beijing, 100084
China

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