Income Uncertainty and Household Savings in China
---- Acknowledgements ----
We are grateful to Loren Brandt, Chris Carroll, Mark Dorfman, Robert Moffitt, Damiano Sandri, participants at the NBER Summer Institute, China Economics Summer Institute, IMF Research Seminar, and the Workshop on China's Macroeconomy at the University of Toronto for comments and suggestions. We thank Lei (Sandy) Ye for research assistance. The views expressed in this paper are those of the authors and do not necessarily reflect those of the institutions the authors are affiliated with, nor those of the National Bureau of Economic Research.