Why the saving rate has been falling in Japan

The paper estimates Japan's household saving rate function for the 1958−1998 period. We find that the contribution of the increase in net financial assets to the fall of the saving rate varies directly with the amount of assets. This has overwhelmed other factors and has caused the saving rate to fall since 1976.

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Year of publication:	2009-01
Authors:	Azuma, Yoshiaki ; Nakao, Takeo
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	Japan's household saving rate \| income and financial assets \| aging of population \| cointegration analysis

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Notes:	Published in Doshisha University World Wide Business Review 10.2(2009): pp. 56-65
Classification:	C22 - Time-Series Models ; E21 - Consumption; Saving
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011195842