The Impact Of Uncertainties On Residents' Saving Behavior In China

Residents savings which is part of national savingsan play an important role on the development of national economy. Since the reform and opening, with the continuous improvement of development level of economy, people living standards are rising, savings deposit balance long-term high growth trend. On the one hand, the residents of the high savings rate provides funding to support the construction of the local economy, on the other hand, the residents of the high savings rate cause insufficient consumption. In addition, the residents of the high savings rate increased the risk of the whole macro economic operation. The influence factors of residents’ savings behavior in China to conduct a comprehensive and systematic research, has become the academics and policy makers on issues of common concern.In this paper on the basis of the precautionary savings theory, based on the perspective of expenditure uncertainty analysis of China’s urban residents savings behavior. Theory of buffer reserves expenditure uncertainty model. According to expenditure uncertainty buffer reserves model, each consumer spending uncertain part empirical analysis was carried out on the town residents’ savings behavior influence degree, compare different period affect residents’ savings behavior differences in our country, and puts forward relevant policy Suggestions. The main conclusions of this paper is as follows:firstly, the economic transition period of China’s high savings rate is related to precautionary savings, spending on health care, housing and transportation spending increased uncertainty in the precautionary savings motive for the urban residents.Secondly, the different period, the consumption expenditure of urban residents of precautionary saving effects vary, the causes of such differences from the changes of the economic transition period, and related consumer goods prices. According to theoretical analysis and the empirical result shows that under the various periods of housing expenditure increasing impact on residents preventive savings behavior; Health care for residents precautionary savings behavior affect The Times; Education spending in2001-2003phase has impact on the residents’ per capita savings behavior, however, the economic transition period, there is no significant effect on residents’ precautionary savings behavior; Although, transportation spending also affect residents’ precautionary savings behavior, however, basic stable transition of the economy as a whole the impact.Thirdly, depending on consumer spending during the period of the impact on the residents’ precautionary savings targeted Suggestions, the influence of the precautionary savings behavior of urban residents in China main outlay for housing, first of all, the implementation of active monetary policy on housing real estate price fluctuations, to maintain the smooth change of housing. Second, improve the system of real estate transactions, reduce transaction link, increase the supply of affordable housing. Transportation spending throughout the economic transformation period, the influence of, therefore, the government adjusted the structure of the auto industry, of public infrastructure investment.