Jackstädt Best Paper Award 2010
The China Economic Quarterly 2008-2009 (Volume 8）Dr. Werner Jackstädt Best Paper Award for Chinese Economic and Business Studies goes to Income, Con-
sumption and Saving Behavior of Chinese Urban Households: A Cohort Analysis, published in Volume 8, No. 4, co-authored by Shaojie Zhou (School of Public Policy and Management, Tsinghua University), Junsen Zhang (Department of Economics, the Chinese University of Hong Kong) and Hongbin Li (School of Eco-
nomics and Management, Tsinghua University).
The paper uses the Chinese Urban Household Survey data to conduct a cohort analysis on household saving behavior. It finds the uniqueness of saving behavior of Chinese urban residents and explains its pattern from two aspects. First, household consumption growth is less than household income. Second, the high saving pro-
pensity of young cohorts and their increasing proportion in each year's sample also contribute to the increasing saving rate over years. The paper meets the high stand-
ards of applied research as well as contributing to the understanding of household savings in China.
About this award: In order to encourage high-quality economic research, China Economic Quarterly set up the Annual Best Paper Award since its inception. Each year one paper is selected as the best paper from the volume published in that year. Start-
ing in 2010, the award is renamed as Dr. Werner Jackstädt Best Paper Award for Chinese Economic and Business Studies, and the prize is set to RMB 20,000 yuan. The winner is decided by majority votes on the nominated papers from the award committee, which is comprised of the three editors of China Economic Quar-
terly and Prof. Dr. Carsten Herrmann-Pillath from the East-West Centre for Business Studies and Cultural Science, at the Frankfurt School of Finance & Management. This award is financially sponsored by the Dr. Jackstädt Foundation and supported by The East West Centre for Business Studies and Cultural Science at Frankfurt School. Dr. Werner Jackstädt was an entrepreneur who had made outstanding contribution to the post-war German economic miracle. The mission of the Dr. Jackstädt Foundation is to support the research in the field of medicine and management science, and to help the development of Wuppertal, Dr. Jackstädt’s hometown - which is also the hometown of Engels.
