This short essay surveys recent literature on the competitive saving motive and its broader economic implications. The competitive saving motive is defined as saving to improve one＇s status relative to other competit...This short essay surveys recent literature on the competitive saving motive and its broader economic implications. The competitive saving motive is defined as saving to improve one＇s status relative to other competitors for dating and marriage partners. Here are some of the key results of the recent literature： （i） cross-country evidence show that greater gender imbalances tend to correspond with higher savings rates; （ii） household-level evidence suggest that： （a） families with unmarried sons in rural regions with more skewed sex ratios tend to have higher savings rates, while savings rates of families with unmarried daughters appear uncorrelated with gender imbalances; and （b） savings rates of families in cities tend to rise with the local sex ratio; （iii） rising sex ratios contribute nearly half of the rise in housing prices in the People＇s Republic of China; and （iv） families with sons in regions of greater sex ratios are more likely to become entrepreneurs and take risky jobs to earn more income.展开更多
The high and rising house prices in China are not adequately accounted for the traditional explanations emphasizing demand-driven or cost-push factors. Reeent published studies claim that gender imbalance increases co...The high and rising house prices in China are not adequately accounted for the traditional explanations emphasizing demand-driven or cost-push factors. Reeent published studies claim that gender imbalance increases competition among men in the marriage market, which has pushed Chinese, especially parents with a son, to buy houses as a signal of relative status in the marriage market,＂ this marriage competition then causes high demand for houses and eventually leads to rising house prices in China. Empirical results in this paper, however, provide little support for this hypothesis and we find that a rise in the sex ratios for most age cohorts accounts for very small percentage variations in house price movements in China during 1998-2009. Further investigation suggests that excess demand driven by high monetary growth was a significant cause of the rising house prices in China during 1998-2009. Therefore, the impact of gender imbalance on house prices shouM not be exaggerated and monetary dynamics remains an important leading indicator for house price movements in China.展开更多
dowry pìnlǐ聘礼matchmaking xiāngqīn相亲to pick up dāshàn搭讪seduction yòuhuò诱惑online dating wǎngliàn网恋urge to get married bīhūn逼婚Many young people in China are urged by their pare...dowry pìnlǐ聘礼matchmaking xiāngqīn相亲to pick up dāshàn搭讪seduction yòuhuò诱惑online dating wǎngliàn网恋urge to get married bīhūn逼婚Many young people in China are urged by their parents to get married.xǔduōZhōngguóniánqīngrén bèi jiāzhǎng bīhūn.许多中国年轻人被家长逼婚。Due to the gender imbatance.there’s serious competition in the marriage market.Yóuyúnánnǚxìngbiébǐlìshīhéng,hūnyīn shìchǎng shang de jíngzhēng hěn jīllè.由于男女性别比例失衡,婚姻市场上的竞争很激烈。展开更多
文摘This short essay surveys recent literature on the competitive saving motive and its broader economic implications. The competitive saving motive is defined as saving to improve one＇s status relative to other competitors for dating and marriage partners. Here are some of the key results of the recent literature： （i） cross-country evidence show that greater gender imbalances tend to correspond with higher savings rates; （ii） household-level evidence suggest that： （a） families with unmarried sons in rural regions with more skewed sex ratios tend to have higher savings rates, while savings rates of families with unmarried daughters appear uncorrelated with gender imbalances; and （b） savings rates of families in cities tend to rise with the local sex ratio; （iii） rising sex ratios contribute nearly half of the rise in housing prices in the People＇s Republic of China; and （iv） families with sons in regions of greater sex ratios are more likely to become entrepreneurs and take risky jobs to earn more income.
基金supported by the Ministry of Education of China(No.12JJD790039)the Fundamental Research Funds for the Central Universitiesthe Research Funds of Renmin University of China
文摘The high and rising house prices in China are not adequately accounted for the traditional explanations emphasizing demand-driven or cost-push factors. Reeent published studies claim that gender imbalance increases competition among men in the marriage market, which has pushed Chinese, especially parents with a son, to buy houses as a signal of relative status in the marriage market,＂ this marriage competition then causes high demand for houses and eventually leads to rising house prices in China. Empirical results in this paper, however, provide little support for this hypothesis and we find that a rise in the sex ratios for most age cohorts accounts for very small percentage variations in house price movements in China during 1998-2009. Further investigation suggests that excess demand driven by high monetary growth was a significant cause of the rising house prices in China during 1998-2009. Therefore, the impact of gender imbalance on house prices shouM not be exaggerated and monetary dynamics remains an important leading indicator for house price movements in China.
文摘dowry pìnlǐ聘礼matchmaking xiāngqīn相亲to pick up dāshàn搭讪seduction yòuhuò诱惑online dating wǎngliàn网恋urge to get married bīhūn逼婚Many young people in China are urged by their parents to get married.xǔduōZhōngguóniánqīngrén bèi jiāzhǎng bīhūn.许多中国年轻人被家长逼婚。Due to the gender imbatance.there’s serious competition in the marriage market.Yóuyúnánnǚxìngbiébǐlìshīhéng,hūnyīn shìchǎng shang de jíngzhēng hěn jīllè.由于男女性别比例失衡,婚姻市场上的竞争很激烈。
