Summary of the General Discussion on “A Model of Household Savings and Alternative Investments in Rural China”

Abstract

June 01 2019 Summary of the General Discussion on “A Model of Household Savings and Alternative Investments in Rural China” Author and Article Information Online Issn: 1536-0083 Print Issn: 1535-3516 © 2019 by the Asian Economic Panel and the Massachusetts Institute of Technology2019Asian Economic Panel and the Massachusetts Institute of Technology Asian Economic Papers (2019) 18 (2): 166–167. https://doi.org/10.1162/asep_a_00709 Cite Icon Cite Permissions Share Icon Share Facebook Twitter LinkedIn MailTo Views Icon Views Article contents Figures & tables Video Audio Supplementary Data Peer Review Search Site Citation Summary of the General Discussion on “A Model of Household Savings and Alternative Investments in Rural China”. Asian Economic Papers 2019; 18 (2): 166–167. doi: https://doi.org/10.1162/asep_a_00709 Download citation file: Ris (Zotero) Reference Manager EasyBib Bookends Mendeley Papers EndNote RefWorks BibTex toolbar search Search Dropdown Menu toolbar search search input Search input auto suggest filter your search All ContentAll JournalsAsian Economic Papers Search Advanced Search Ross Halren asked about the role of expectations in an overlapping generations (OLG) model. Do consumers have forward-looking expectations about housing prices? Is housing a consumption good or a future good? Mary-Francoise Renard asked about the role of precautionary savings such as savings for pension, health expenditures, and so on, in the model. Bhanupong Nidhiprabha noted the following: (1) In rural areas, the household budget allocated to consumption is high, which is why the interest rate in the model is not significant. Liquidity constraints matter, too. (2) Do the Chinese have any inflation hedges that may also be a source of wealth accumulation? (3) What is the role of people who work in cities? Do they remit money back to the rural areas, which may then affect savings in rural areas? (4) Even if agricultural farm prices are high, farmers remain credit-constrained because they are unable to access credit from... You do not currently have access to this content.