{"title":"A Comparative Study of Saving Behaviour Between India and China","authors":"Chandralekha Ghosh, Rimita Hom Chaudhury","doi":"10.1177/09763996221087049","DOIUrl":null,"url":null,"abstract":"This study attempts to understand the determinants of saving behaviour using the Global Findex micro-database of India and China. Further, this study has also tried to identify the gender gap in saving behaviour for both the countries. Empirical (pooled logistic regression) results suggest that being rich, educated, employed and old favour saving than others. Women are more prone to save informally than men. The main contribution of this article is the analytical comparison between India and China, which demonstrates that in terms of saving Chinese adults are ahead of Indian adults. However, informal saving is more prevalent in India. The gender gap in saving behaviour is higher in China than in India. Our research also discovered that China’s age saving pattern is U-shaped, that is, younger and older are more likely to save than the middle-aged, which contradicts the standard life cycle model whereas this model holds for India.","PeriodicalId":41791,"journal":{"name":"Millennial Asia","volume":null,"pages":null},"PeriodicalIF":1.3000,"publicationDate":"2022-04-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Millennial Asia","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1177/09763996221087049","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"AREA STUDIES","Score":null,"Total":0}
引用次数: 1
Abstract
This study attempts to understand the determinants of saving behaviour using the Global Findex micro-database of India and China. Further, this study has also tried to identify the gender gap in saving behaviour for both the countries. Empirical (pooled logistic regression) results suggest that being rich, educated, employed and old favour saving than others. Women are more prone to save informally than men. The main contribution of this article is the analytical comparison between India and China, which demonstrates that in terms of saving Chinese adults are ahead of Indian adults. However, informal saving is more prevalent in India. The gender gap in saving behaviour is higher in China than in India. Our research also discovered that China’s age saving pattern is U-shaped, that is, younger and older are more likely to save than the middle-aged, which contradicts the standard life cycle model whereas this model holds for India.
期刊介绍:
Millennial Asia: An International Journal of Asian Studies is a multidisciplinary, refereed biannual journal of the Association of Asia Scholars (AAS)–an association of the alumni of the Asian Scholarship Foundation (ASF). It aims to encourage multifaceted, multidisciplinary and interdisciplinary research on Asia, in order to understand its fast changing context as a growth pole of global economy. By providing a forum for Asian scholars situated globally, it promotes dialogue between the global academic community, civil society and policy makers on Asian issues. The journal examines Asia on a regional and comparative basis, emphasizing patterns and tendencies that go beyond national borders and are globally relevant. Modern and contemporary Asia has witnessed dynamic transformations in cultures, societies, economies and political institutions, among others. It confronts issues of collective identity formation, ecological crisis, rapid economic change and resurgence of religion and communal identifies while embracing globalization. An analysis of past experiences can help produce a deeper understanding of contemporary change. In particular, the journal is interested in locating contemporary changes within a historical perspective, through the use of interdisciplinary and multidisciplinary approaches. This way, it hopes to promote comparative studies involving Asia’s various regions. The journal brings out both thematic and general issues and the thrust areas are: Asian integration, Asian economies, sociology, culture, politics, governance, security, development issues, arts and literature and any other such issue as the editorial board may deem fit. The core fields include development encompassing agriculture, industry, regional trade, social sectors like health and education and development policy across the region and in specific countries in a comparative perspective.