Triggering precaution: Heat stress and the Chinese household saving puzzle

IF 1.8 4区经济学 Q2 ECONOMICS

Economics Letters Pub Date : 2025-05-20 DOI:10.1016/j.econlet.2025.112408

Xinheng Liu, Taohong You, Xin Yang, Luqing Shi

引用次数: 0

Abstract

Utilizing survey data from the 2010–2022 China Family Panel Studies (CFPS), we investigate the Chinese household saving puzzle through the lens of heat stress. Our results show that heat stress substantially elevates household saving rates by amplifying income and expenditure uncertainties, consistent with a precautionary savings motive. Furthermore, this effect is stronger among agricultural households, those without commercial insurance, and those with lower social capital.

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触发预防措施：热应激和中国家庭储蓄难题

利用2010-2022年中国家庭面板研究（CFPS）的调查数据，我们从热应力的角度研究了中国家庭储蓄之谜。我们的研究结果表明，热应激通过放大收入和支出的不确定性，大大提高了家庭储蓄率，这与预防性储蓄动机是一致的。此外，这种效应在农业家庭、没有商业保险的家庭和社会资本较低的家庭中更为明显。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Economics Letters ECONOMICS-

CiteScore

3.20

自引率

5.00%

发文量

348

审稿时长

30 days

期刊介绍： Many economists today are concerned by the proliferation of journals and the concomitant labyrinth of research to be conquered in order to reach the specific information they require. To combat this tendency, Economics Letters has been conceived and designed outside the realm of the traditional economics journal. As a Letters Journal, it consists of concise communications (letters) that provide a means of rapid and efficient dissemination of new results, models and methods in all fields of economic research.