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Published in:
2012 | OriginalPaper | Chapter
A Research on the Relation between China’s Household Savings and Social Security Expenditure Based on Dynamic Panel Data Model
Author : Liting Fang
Published in: Advances in Future Computer and Control Systems
Publisher: Springer Berlin Heidelberg
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This paper analyzes the relation between China’s social security system and household savings using dynamic panel model. Empirical results show that, there is a positive relationship between pension expenditure and household savings, but there exists non-significant negative correlation between unemployment insurance, medical care insurance, maternity insurance and household savings. In addition, empirical results also show that, income elasticity and inertia of household savings in China are large, and the relation between ratio of education and medical expenses and the savings is significant negative, however, there exists only weak positive correlation between economic growth and resident savings.