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by culture and social norms by examining their saving and bequest behavior. To summarize our main findings, we find that … Japan's household saving rate showed great volatility, was often low and even negative, and was high only during the 25-year … trends over time in, Japan's household saving rate via various socioeconomic and policy variables. This seems to suggest that …
Persistent link: https://www.econbiz.de/10012990042
version of the selfish life-cycle model and then survey the literature on household saving and bequest behavior in Japan in …The selfish life-cycle model or hypothesis is, together with the dynasty or altruism model, the most widely used … theoretical model of household behavior in economics, but does this model apply in the case of a country like Japan, which is said …
Persistent link: https://www.econbiz.de/10012543994
literature on household saving behavior in Japan (with emphasis on the author's own past research) to shed light on whether or … the age structure of the population on the saving rate, the saving behavior of retired households, saving motives, the … not the selfish life-cycle model applies in the case of Japan. In particular, we survey the literature on the impact of …
Persistent link: https://www.econbiz.de/10012430036
This paper discusses three alternative assumptions concerning household preferences (altruism, self-interest, and a … survey conducted in China, India, Japan, and the United States. It finds striking inter-country differences in bequest plans …
Persistent link: https://www.econbiz.de/10011421495
trends therein. The paper finds that Japan's household saving rate has not always been high either absolutely or relative to … 25-year period from 1961 to 1986 that it exceeded 15%. Past and future trends in Japan's household saving rate can … households is a more important explanation for the recent decline in the household saving rate. However, it is likely that other …
Persistent link: https://www.econbiz.de/10015166339
greater financial health of Japanese households is due more to culture or to government policies, institutions, and other non …In this paper, I conduct an international comparison of the financial health of households using data on household … wealth and indebtedness for the Group of Seven (G7) countries and show that, even though household borrowings in Japan were …
Persistent link: https://www.econbiz.de/10010332271
We analyze the impact of population aging on Japan's household saving rate and on its public pension system and the … impact of that system on Japan's household saving rate and obtain the following results: first, the age structure of Japan … system somewhat but will in the long run exacerbate the downward trend in Japan's household saving rate. …
Persistent link: https://www.econbiz.de/10010332306
using a two-period overlapping generations model with endogenous saving and a "contest success function" and test this model … heavily influenced by the strength of their altruism toward their parents and social norms. …
Persistent link: https://www.econbiz.de/10011564951
This paper discusses three alternative assumptions concerning household preferences (altruism, self-interest, and a … survey conducted in China, India, Japan, and the United States. It finds striking inter-country differences in bequest plans …
Persistent link: https://www.econbiz.de/10013053597
This paper estimates a household saving rate equation for India and Korea using long-term time series data for the 1975 …-2010 period, focusing in particular on the impact of the pre-marital sex ratio on the household saving rate. To summarize the main … impact on the household saving rate in both India and Korea, even after controlling for the usual suspects such as the aged …
Persistent link: https://www.econbiz.de/10012987329