生命周期假说在中国成立吗 ——兼论储蓄率的生命周期分布及其动态演变

通过使用中国家庭收入调查（CHIPS）数据，本文从储蓄率的角度，实证检验了生命周期/持久性收入假说在中国是否成立。实证结论表明，中国城市家庭的储蓄行为和生命周期/持久性收入假说的预测并不一致，且在不同时期，导致中国城市家庭储蓄率的生命周期分布特征的原因也不一样。对此，本文从教育、医疗、养老和住房等视角入手，解释了转型时期中国城市家庭储蓄率的生命周期分布特征及其动态演变模式的原因。

DOES THE LIFE CYCLE HYPOTHESIS EXIST IN CHINA——An Analysis on the Distribution and Evolution of Saving Rate in Life Cycle

Using Chinese household income project series (CHIPS) data, this paper discussed whether the life cycle/permanent income hypothesis existed in China. The empirical results showed that the behavior of China urban household savings was not consistent with the life cycle/permanent income hypothesis, and there were different reasons in explaining the behavior of China urban household savings rate. From the view of education and health care and pensions and housing, this paper explained the factors which caused the difference characteristics of China urban household saving rate.