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Will High Household Saving In China Persist? An Application Of The Conspicuous Consumption Theory

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Listed:
  • Xiaofen Chen

    (University of Thrace, Greece)

  • Lin Zhang

    (Truman State University, USA)

Abstract

Expanding from Veblen’s conspicuous consumption theory, this paper provides new explanations on China’s household saving behavior. Using provincial level data, it finds evidence that urbanization, increased mobility of the population, and a greater degree of openness all depress household saving, likely through higher conspicuous consumption. This result is robust with different estimators and specifications. Among the conventional explanatory variables, the paper finds support for the permanent income theory, but little evidence for the life cycle theory..

Suggested Citation

  • Xiaofen Chen & Lin Zhang, 2017. "Will High Household Saving In China Persist? An Application Of The Conspicuous Consumption Theory," The International Journal of Economic Behavior - IJEB, Faculty of Business and Administration, University of Bucharest, vol. 7(1), pages 3-24.
    • Handle: RePEc:but:ijebfa:v:7:y:2017:i:1:p:3-24
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    References listed on IDEAS

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    1. Guido Berens & Cees Riel & Johan Rekom, 2007. "The CSR-Quality Trade-Off: When can Corporate Social Responsibility and Corporate Ability Compensate Each Other?," Journal of Business Ethics, Springer, vol. 74(3), pages 233-252, September.
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