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大陆成人直播
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国际经济学workshop:Marriage Squeeze, Marriage Age and theHousehold Savings Rate in China
发布日期：2017-12-27 09:54 来源：大陆成人直播-成人直播中文
时间：2017年12月27日（周三）10:30-12:00 am
地点：北大国发院/中国经济研究中心小教室
主持人：余淼杰 鄢萍 余昌华 王歆
主讲人：聂光宇 （上海财经大学）
题目：Marriage Squeeze, Marriage Age and theHousehold Savings Rate in China
摘要：In an influential empirical paper, Wei and Zhang (2011) explain the rapid rise of China’s aggregate household savings rate in recent years by a competitive saving motive. The authors claim that single men’s competitive saving for marriage intensified by an increase in the sex ratio explains 60 percent of the observed increase in the savings rate. In this paper, we argue this number is overstated by almost 50 percent when another margin of adjustment to sex ratio imbalance, men’s postponement of marriage, is considered. We construct a life-cycle model with a frictionless marriage market where a single man’s rank is determined by his age and wealth relative to others. Consistent with empirical findings, both men’s pre-marital saving and marriage age increase in response to a sex ratio rise. With more periods to save for marriage,the reaction of their savings rate is dampened. In addition, the calibrated model generates a downward-sloping age-savings rate profile with younger households saving more than their middle-aged counterparts as observed in the data.
主讲人简介：
Guangyu Nie is an associate professor at Shanghai University of Finance and Economics. He received his PhD from Georgetown University, in 2015. His research fields are Macroeconomics, International Finance, Marriage and Family Economics.
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大陆成人直播
-
国际经济学workshop:Marriage Squeeze, Marriage Age and theHousehold Savings Rate in China
发布日期：2017-12-27 09:54 来源：大陆成人直播-成人直播中文
时间：2017年12月27日（周三）10:30-12:00 am
地点：北大国发院/中国经济研究中心小教室
主持人：余淼杰 鄢萍 余昌华 王歆
主讲人：聂光宇 （上海财经大学）
题目：Marriage Squeeze, Marriage Age and theHousehold Savings Rate in China
摘要：In an influential empirical paper, Wei and Zhang (2011) explain the rapid rise of China’s aggregate household savings rate in recent years by a competitive saving motive. The authors claim that single men’s competitive saving for marriage intensified by an increase in the sex ratio explains 60 percent of the observed increase in the savings rate. In this paper, we argue this number is overstated by almost 50 percent when another margin of adjustment to sex ratio imbalance, men’s postponement of marriage, is considered. We construct a life-cycle model with a frictionless marriage market where a single man’s rank is determined by his age and wealth relative to others. Consistent with empirical findings, both men’s pre-marital saving and marriage age increase in response to a sex ratio rise. With more periods to save for marriage,the reaction of their savings rate is dampened. In addition, the calibrated model generates a downward-sloping age-savings rate profile with younger households saving more than their middle-aged counterparts as observed in the data.
主讲人简介：
Guangyu Nie is an associate professor at Shanghai University of Finance and Economics. He received his PhD from Georgetown University, in 2015. His research fields are Macroeconomics, International Finance, Marriage and Family Economics.
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