Family Planning Policy,Children Genrer And Household Saving

In "new normal" which China's economic growth slip from double digits to 7 percent per year,the saving rate of its residents go up to 50 percent,the highest level in the history.The high reserve balances not only restricting economy development,but also bringing the risk and hidden trouble to financial market cause it can not turn into invest and consume successfully.How to reduce the saving rate and transform the reserve balances are the urgent problems that Chinese government has to figure out.The article research the impact of family planning policy and children gender on household savings from the perspective of population structure.First of all,using panel of China provinces from 2005 to 2013 to research on the correlation between family planning policy and household savings.The result shows that they are significant positive correlation and the Family planning policy also affect the household savings by changing the population structure.Next,using data from China Household Finance Survey to research the correlation between children gender and household savings in the micro-level.The result do shows that children gender of a family affects the family saving behavior.And the result that family population structure affects savings strengthen the conclusion comes from the panel data.Last but not least,we find out that different age groups and different family characteristics change the consumption tendency and field.In the end of the article,we put forward policy suggestions based on the research findings.