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A Comparative Study of Saving Behaviour Between India and China

A Comparative Study of Saving Behaviour Between India and China 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. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Millennial Asia SAGE

A Comparative Study of Saving Behaviour Between India and China

Millennial Asia , Volume 14 (4): 19 – Dec 1, 2023

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References (16)

Publisher
SAGE
Copyright
© 2022 Association of Asia Scholars
ISSN
0976-3996
eISSN
2321-7081
DOI
10.1177/09763996221087049
Publisher site
See Article on Publisher Site

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.

Journal

Millennial AsiaSAGE

Published: Dec 1, 2023

Keywords: Saving behaviour; age; gender; India; China

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