Front Matter Page
Fiscal Affairs Department
Authorized for distribution by Manmohan Kumar
Contents
I. Introduction
II. Consumption Rates in China
III. Impact of Public Social Expenditures on Household Saving: Panel Analysis
IV. Assessing Impact of Expanding Social Programs in China: Methodology and Data
V. Assessing the Impact of Expenditure Reforms
VI. Summary and Policy Implications
Table
1. Household Saving Panel Regression, 1990–2008 (OECD)
2. Impact on Household Saving
Figures
1. Private Consumption Expenditure in China
2. Private Consumption Expenditure in Asia
3. Average Propensities to Consume Out of Lifetime Income
Boxes
1. Determinants of Household Savings Rate: Survey of Evidence
2. Methodology for Estimating Consumption Impact of Social Expenditures
3. Constructing Lifetime Income and Average Propensities to Consume
Appendix Tables
3. Individual Component of Public Expenditures
4. Consumption Shares of Various Consumption Categories
5. Per Capita Transfers under Different Social Expenditure Reforms
6. Per Capita Transfers and Consumption
References