| The paper study uses the data of CFPS and the child structure of Chinese families to study the impact of the number and gender of children on the household savings rate,and to explore the relationship between the two factors and the impact on China’s economic growth.In the early stage,by comparing domestic and foreign literature reviews,the study puts forward own hypothesis,and summarizes the domestic and foreign literatures on the topic that involve the impact of population structure,household savings rate,and family child structure on the savings rate,so as to put forward the hypothesis of this paper.Then,combined with relevant theoretical foundations,conduct induction and deduction,find solutions and demonstration methods for each hypothesis,so as to construct reasonable matching logical derivation methods and empirical analysis models.In the empirical analysis part,multiple regression analysis,random effect regression,fixed effect model,two-way fixed effect,variance analysis and t test are used.The research method is regression analysis by OLS.The conclusions drawn from this paper include:First,it is not that the greater the number of children,the higher the household savings rate.The empirical analysis in this paper observes that the saving rate of one-child households is lower than that of no-child households.At the same time,for families with many children,especially families with three or more children,the more children there are,the lower the household savings rate is.Second,it is not that the greater the number of boys,the higher the household savings rate.The first and second conclusions are inconsistent with the traditional view of most literature.According to the research results of this paper,the savings rate of two-child families from high to low is:two-boy families,two-girl families,and one-boy-one-girl families.At the same time,for families with three or more children,the more boys there are,the lower the household savings rate is.This is inconsistent with the traditional concept of "boys are China Construction Bank and girls are China Merchants Bank".It is caused by the evolution and changes in recent years.Third,the income variable has a significant impact on the savings rate of families with two children,and the debt variable has a significant impact on families with three or more children.Therefore,policy improvements should be made based on enriching the income sources of families with two children and reducing the burden on families with three or more children.Fourth,there is a significant age group difference in the urban-rural difference in the household savings rate.Among them,for children aged 16-25,the rural household savings rate dropped significantly.For children over 26 years old,the savings rate of urban residents is significantly higher than that of rural residents.On the one hand,it is due to the fact that higher education imposes a heavy burden on rural households,while the cost of urban housing purchases is relatively high.A country’s economic structure reflects the pattern of income distribution,and China’s economic structure is characterized by a low consumption rate and a high savings rate.The differences in the savings rate of Chinese residents in the number of children,the gender of children,the economic level and the difference between urban and rural areas reflect the imbalance of China’s economic structure.As the goal of China’s economic growth is not only to improve economic benefits,but also to maximize the spiritual pursuit of the whole society,this paper studies the correlation between the two variables,and analyzes how to promote savings-investment transformation and alleviate the need for families with many children.Reducing debt will prevent the return to poverty after the liberalization of the birth policy,and effectively make long-term preparations for the generational change.At the same time,it’s meaningful to improve the source of rural income and reduce the cost of urban housing,thereby promote economic growth,which is of extraordinary significance to China’s economic performance and long-term development.. |
