知道何时挥霍：预防性储蓄和华裔加拿大人
Knowing When to Splurge: Precautionary Saving and Chinese-Canadians
摘要：
为什么不同国家的家庭储蓄率差异如此之大？这个微观层面的问题具有全球意义：那些通过经常账户盈余系统性地“过度储蓄”出口资本的国家。因此，在受援国，利率过低，金融稳定受到威胁。现有的理论认为，储蓄是预防性的，但测试仅限于跨国比较，并不总是支持。我们报告的原始调查实验的结果。使用一个模拟的金融储蓄任务实现在线，我们比较了一个大的和不同的样本的华裔加拿大人与其他加拿大人的储蓄偏好。这种比较具有启发性，因为华裔加拿大人是从高储蓄环境移民到低储蓄、高债务环境的，或者是从高储蓄环境移民到低储蓄、高债务环境的。我们还比较了存在和不存在模拟的“福利国家”的行为，我们代表的形式是强制性保险。我们的受访者在储蓄任务中表现出的行为与关于生命周期储蓄和风险规避的标准经济假设相对应。我们发现强有力的证据表明，预防性储蓄减少时，强制性保险，但没有迹象表明，中国文化的影响-在语言或民族方面的代表-有任何影响储蓄行为。
英文摘要：
Why do household saving rates differ so much across countries? This micro-level question has global implications: countries that systematically "oversave" export capital by running current account surpluses. In the recipient countries, interest rates are thus too low and financial stability is put at risk. Existing theories argue that saving is precautionary, but tests are limited to cross-country comparisons and are not always supportive. We report the findings of an original survey experiment. Using a simulated financial saving task implemented online, we compare the saving preferences of a large and diverse sample of Chinese-Canadians with other Canadians. This comparison is instructive given that Chinese-Canadians migrated from, or descend from those who migrated from, a high-saving environment to a low-savings, high-debt environment. We also compare behavior in the presence and absence of a simulated "welfare state," which we represent in the form of mandatory insurance. Our respondents exhibit behavior in the saving task that corresponds to standard economic assumptions about lifecycle savings and risk aversion. We find strong evidence that precautionary saving is reduced when a mandatory insurance is present, but no sign that Chinese cultural influences - represented in linguistic or ethnic terms - have any effect on saving behavior.
机构、总结、中文摘要均由AI分析而来，可能存在错误，请以论文正文为准。
