The Dynamic Research Of Residents' Level Of Education On Residents Savings Rate

China's CPI rose 2.1%during the first half of 2016s,the gains were flat compared with the first quarter according to the data.House prices rose sharply in 2016 in our country and Consumption were greatly suppressed.The high level of savings in our country,greatly hinder the improvement of the consumption demand in China.Therefore,domestic and foreign experts and scholars attempt to explain this phenomenon from different angles,such as:population structure,the social security system,gender characteristics,etc.In early 2016,China put in under the premise of moderately expand aggregate demand,actively and prudently proceed with reform of the supply side.Human capital,as an important factor of the reform of the supply side,could enhances the overall quality level of residents in our country and helps to improve the supply structure of China's industry.In order to from a new Angle of view,putting forward the feasible suggestions and reduce the rate in our country,this paper takes the family as the unit and selects family per capita income and consumption expenditure indicators to calculat residents savings rate in China.Based on life cycle theory,middle-aged phase for savings and income is larger,the influence of this article selected the China labor statistical yearbook of labor employment level of education data from2002 years to 2014 years.Using Eviews software and USES GMM estimation method to study the effect of residents'level of education of residents savings rate.According to the theory and empirical analysis,this paper draws the conclusion:the residents' level of education and the residents' savings rate in China there is a negative correlation relationship,improve the residents' level of education will help to reduce our country residents savings rate.According to the conclusions of this paper put forward feasibility suggestions,so as to realize expanding consumption,improve the target of total demand,promoting the development of our country economy smoothly and orderly.The main content of this paper is as follows:First of all,for the topic of this paper,this paper will briefly described the research background of this article and the significance of the topic.Review and summary of consumer savings related classical theory,in order to establish the theoretical model later in this article and estimate the empirical foundation.And combing the literature related to this article research direction,found the breakthrough point of this paper.At the same time,briefly introduced the selection of the estimation method and analysis of the innovation and deficiency of this article.The second,introduce between residents level of education and the savings rate may exist the influence of mechanism,mainly from the workforce flexibility,investment decision-making,precautionary savings,financial management consciousness and so on four aspects.Through qualitative analysis,put forward the hypothesis that residents level of education and the savings rate there is a negative correlation relationship between two variables this paper.Finally,selecting of 31 provinces in 2002-2014 provincial panel data based on qualitative analysis to he current status of residents savings rate and level of education in our country.And made descriptive statistics analysis to China's eastern,central,west,northeast.I further adopted difference GMM estimation method and control affect residents' savings rate of per capita income growth,house prices change rate,total dependency ratio,the residents level of education and the savings rate variables to estimate.The empirical result is:there is a negative correlation relationship between the residents' level of education in our country and the residents savings rate.Improving the residents' level of education will reduce the savings.Social science data research center of fudan university in 2016 published"after the 80 world-Yangtze river delta of fudan university social change survey shows that the higher education,the more willingness to spend.The hypothesis proposed in this paper.According to this conclusion,this article would from perfecting social security system,intensify education support,perfect the system of personal credit consumption,etc to put forward the feasible suggestions,so as to greatly promote the level of consumption in our country,realize the goal of expanding aggregate demand.