We build a life-cycle model in which a representative firm produces a final good using routine and non-routine labor as …

In this paper, we first provide a brief exposition of the simplest version of the selfish life cycle model or … not the selfish life-cycle model applies in the case of Japan. In particular, we survey the literature on the impact of … almost all of the available evidence suggests that the selfish life-cycle model applies to a greater extent in Japan than it …

The selfish life-cycle model or hypothesis is, together with the dynasty or altruism model, the most widely used … version of the selfish life-cycle model and then survey the literature on household saving and bequest behavior in Japan in … than in the United States and other countries. It then explores possible explanations for why the life-cycle model is more …

In this paper, we first provide a brief exposition of the simplest version of the selfish life cycle model or … not the selfish life-cycle model applies in the case of Japan. In particular, we survey the literature on the impact of … almost all of the available evidence suggests that the selfish life-cycle model applies to a greater extent in Japan than it …

show that in a standard incomplete-markets life-cycle model, first, higher-order risk has sizable welfare implications …