Shang-Jin Wei, director of the Jerome A. Chazen Institute of International Business at Columbia Business School etc, writes a study that is published in Forbes:
In our study we compared savings data across regions and in households with sons versus those with daughters. We found that not only did households with sons save more than households with daughters on average but also that households with sons tend to raise their savings rate if they happen to live in a region with a more skewed sex ratio.
Even those not competing in the marriage market must compete to buy housing and make other significant purchases, pushing up the savings rate for all households.
The extended version of the article is at Vox.
Link picked by Danwei.org
Read the complete post at http://www.forbes.com/2010/02/02/china-saving-marriage-markets-economy-trade.html
Posted
Feb 07 2010, 10:05 PM
by
Danwei - Media, Advertising, and Urban Life in China