我国储蓄利率弹性弱化的原因及对策研究

Reasons for Weakening of the Savings Interest Rate Elasticity in China and Countermeasures on Them

利息是当前消费的机会成本 ,是储蓄的未来收入 ,储蓄行为受利率变动的影响。近期我国储蓄利率弹性变弱 ,主要原因是利率的市场机制没有形成、居民人均收入低、金融市场不发达、投资渠道单一以及由于制度变迁而引起的收入两极分化加剧、生活支出结构改变而引起的对未来预期的改变等。利率机制市场化、金融市场多样化和扩大消费信贷提高居民收入和限制非法收入等是提高储蓄利率弹性的有效方法。

Interest is the opportunity cost of current consumption and future income of savings.Savings behaviors are affected by the fluctuation of interest rate.In recent period,the elasticity of savings interest rate is becoming weakened.The reason is that market mechanism has not been formed,resident's income per head is low.Underdeveloped financial market,unitary Channel for investment,aggravated disparity between the rich and the poor and change of future expectation also account for weakened function of interest rate.The major efficient methods to strengthen the elasticity of savings interest rate involve adopting market principle to interest rate mechanism,multiplying financial market,extending consumer credits,raising resident's income and restricting illicit income.