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The degree of judicial enforcement and credit markets : evidence from Japanese household panel data
Horioka, Charles; Sekita, Shizuka - 2009
In this paper, we conduct an empirical analysis of the impact of better judicial enforcement on the probability of being credit rationed, loan size, and the probability of bankruptcy using household-level data from the Japanese Panel Survey of Consumers, conducted by the Institute for Research...
Persistent link: https://www.econbiz.de/10003921866
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The degree of judicial enforcement and credit markets : evidence from Japanese household panel data
Horioka, Charles; Sekita, Shizuka - 2010
"In this paper, we conduct an empirical analysis of the impact of better judicial enforcement on the probability of being credit rationed, loan size, and the probability of bankruptcy using household-level data from the Japanese Panel Survey of Consumers, conducted by the Institute for Research...
Persistent link: https://www.econbiz.de/10003925149
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Corporate cash holding in Asia
Horioka, Charles; Terada Hagiwara, Akiko - 2013
In this paper, we analyze the determinants of corporate saving in the form of changes in the stock of cash for 11 Asian economies using firm-level data from the Oriana Database for the 2002–2011 period. We find some evidence that cash flow has a positive impact on the change in the stock of...
Persistent link: https://www.econbiz.de/10010241527
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The wealth decumulation behavior of the retired elderly in Japan: The relative importance of precautionary saving and bequest motives
Niimi, Yoko; Horioka, Charles - 2018
This paper analyzes the determinants of the wealth decumulation behavior of the retired elderly in Japan using unique … expected wealth decumulation rate of the retired elderly, at least in the case of Japan, even though both precautionary saving … burden of parental care may also affect the wealth decumulation behavior of the retired elderly in Japan. Given that parental …
Persistent link: https://www.econbiz.de/10012013653
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The impact of intergenerational transfers on household wealth inequality in Japan and the United States
Niimi, Yoko; Horioka, Charles - 2017
Japan and the United States to examine whether individuals who receive intergenerational transfers from their parents are … children in both Japan and the United States, which in turn is likely to contribute to the persistence or widening of wealth …
Persistent link: https://www.econbiz.de/10011688678
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Why do children take care of their elderly parents? Are the Japanese any different?
Horioka, Charles; Gahramanov, Emin; Hayat, Aziz; Tang, Xueli - 2017
We conduct a theoretical and empirical analysis of why children live with (or near) their parents and provide care and assistance to them using microdata from a Japanese household survey, the Osaka University Preference Parameter Study. We find that the Japanese are more likely to live with (or...
Persistent link: https://www.econbiz.de/10011688762
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Household debt and aging in Japan
Horioka, Charles; Niimi, Yoko - 2019
head in the 50-59 age group) in Japan do not have inordinate amounts of debt and that their financial health is … they could previously. We therefore need to monitor the borrowing behavior of this cohort over time as the Bank of Japan …
Persistent link: https://www.econbiz.de/10012430021
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The impact of bequest motives on retirement behavior in Japan: A theoretical and empirical analysis
Horioka, Charles; Gahramanov, Emin; Hayat, Aziz; Tang, Xueli - 2020
retirement behavior of households in Japan using micro data from the Preference Parameters Study of Osaka University. Our …
Persistent link: https://www.econbiz.de/10012430026
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Does the selfish life-cycle model apply in the case of Japan?
Horioka, Charles - 2020
literature on household saving behavior in Japan (with emphasis on the author's own past research) to shed light on whether or … not the selfish life-cycle model applies in the case of Japan. In particular, we survey the literature on the impact of … prevalence of bequests, bequest motives, tests of altruism, and the importance of borrowing (liquidity) constraints and show that …
Persistent link: https://www.econbiz.de/10012430036
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Is the selfish life-cycle model more applicable in Japan and, if so, why? A literature survey
Horioka, Charles - 2020
theoretical model of household behavior in economics, but does this model apply in the case of a country like Japan, which is said … version of the selfish life-cycle model and then survey the literature on household saving and bequest behavior in Japan in …-cycle model applies to at least some extent in all countries but that there is more consistent support for this model in Japan …
Persistent link: https://www.econbiz.de/10012543994