Kai Liu

Hui Yao

Weina Meng

Han-Cheng Dan

Functional Pavement and Advanced Material Testing Technology

Mr.Eswar Prasad

Mr.Marcos Chamon

China’s household saving rate has increased markedly since the mid-1990s and the age-savings profile has become U-shaped. We find that rising income uncertainty and pension reforms help explain both of these phenomena. Using a panel of Chinese households covering the period 1989-2006, we document that strong average income growth has been accompanied by a substantial increase in income uncertainty. Interestingly, the permanent variance of household income remains stable while it is the transitory variance that rises sharply. A calibration of a buffer-stock savings model indicates that rising savings rates among younger households are consistent with rising income uncertainty and higher saving rates among older households are consistent with a decline in the pension replacement ratio for those retiring after 1997. We conclude that rising income uncertainty and pension reforms can account for over half of the increase in the urban household savings rate in China since the mid-1990s as well as the U-shaped age-profile of savings.

Income Uncertainty and Household Savings in China

Ilpo Laine

Lianzhong Yang

The series is devoted to the publication of monographs and high-level textbooks in mathematics, mathematical methods and their applications. Apart from covering important areas of current interest, a major aim is to make topics of an interdisciplinary nature accessible to the non-specialist. The works in this series are addressed to advanced students and researchers in mathematics and theoretical physics. In addition, it can serve as a guide for lectures and seminars on a graduate level. The series de Gruyter Studies in Mathematics was founded ca. 35 years ago by the late Professor Heinz Bauer and Professor Peter Gabriel with the aim to establish a series of monographs and textbooks of high standard, written by scholars with an international reputation presenting current fields of research in pure and applied mathematics. While the editorial board of the Studies has changed with the years, the aspirations of the Studies are unchanged. In times of rapid growth of mathematical knowledge carefully written monographs and textbooks written by experts are needed more than ever, not least to pave the way for the next generation of mathematicians. In this sense the editorial board and the publisher of the Studies are devoted to continue the Studies as a service to the mathematical community. Please submit any book proposals to Niels Jacob.

Complex Delay-Differential Equations

This book investigates four core characteristics of occupational health and safety legal systems in order to provide a comparative and critical analysis of the similarities and differences in protecting the health and safety of workers at the workplace. In addition to analysing the health and safety regulations, the book addresses corresponding oversight and enforcement mechanisms. It compares and contrasts five different legal systems, namely those of the EU, the Netherlands, the UK, Sweden and China. Beyond offering an overview of the modes of OHS regulation, instruments and legal enforcement practices, the book helps to answer the question of how to improve working environments in order to protect workers from all kinds of dangers encountered at the workplace. The intended readership includes researchers with a background in labour law, comparative law, Chinese law and/or European Union law.

A Comparative Legal Study of the European Union and China

Protection of Health and Safety at the Workplace

Kai Liu

About

Books

Join the club