The Theoretical And Empirical Analysis On Over-high Household Savings In China

Since the reformation of economy in China, household savings have been increasing greatly and continually. The rapid growth of household savings have supported the source of main capital to our economic development, however, over-high savings must come together with many negative impacts. On such situation, this paper studied the problem of over-high savings in China at the basis of domestic and foreign saving theories and the system changes. The main contents as follows: studied the basic condition of household saving growth since the reformation of China;analyzed the causes of the fast growth of household savings in China;got the conclusion that the increase of household disposable income is the basic reason for the increase of saving deposits by empirical analysis between them;got the conclusion that the precautionary saving motivation is the main reason for China's the problem of current high savings by the regression analysis between household saving deposits and the medical, educational and living expenses;at last, gave polices to reduce China's household savings based on the conclusions of this study.