关于“储蓄存款是穷人资产”的实证研究

An Evidence Study on "Savings is the Poverty's Asset

根据资产组合选择理论 ,综合收入、物价和利率等因素 ,建立协整回归模型考察我国居民的储蓄收入弹性 ,并与美国的情况进行简单的比较。结果表明 ,虽然我国居民的储蓄收入弹性呈现明显的下降趋势 ,但依然显著大于 1,目前 ,对我国居民来说 ,由于人均收入依然很低 ,储蓄存款还是奢侈品 ,是穷人的资产选择。

This paper does an evidence study on the income elasticity of savings in China. According to the Asset Portfolio Theory and considering of income, price and interest, we set up the cointegration model to recover the income elasticity of savings of our residents and compare it with that of American. The results show us that the income elasticity of savings of our residents is above one notably, although it has been decreasing. Now, because our residents still have lower income, the savings is also the Poverty's Asset.