In coming decades, China will undergo a notable demographic transformation, with its old-age dependency ratio doubling to 24 percent by 2030 and rising even more precipitously thereafter. This paper uses the permanent income hypothesis to reassess national savings behavior, with greater...
Xiaoyuan Luo is a Masters student in International Relations at New York University. Her studies concentrate on the Asia Pacific and U.S.-China relations. Before coming to the U.S., she received a B....