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Household debt and aging in Japan
Horioka, Charles; Niimi, Yoko - 2019
In this paper, we analyze the borrowing behavior of Japanese households in comparison to the other Group of Seven (G7) countries and also broken down by the age group of the household head. We find that pre-retirement households (households with a head in the 50-59 age group) in Japan do not...
Persistent link: https://www.econbiz.de/10012430021
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Does the selfish life-cycle model apply in the case of Japan?
Horioka, Charles - 2020
In this paper, we first provide a brief exposition of the simplest version of the selfish life cycle model or hypothesis, which is undoubtedly the most widely used theoretical model of household behavior in economics, and then survey the literature on household saving behavior in Japan (with...
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
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 to have closer family ties than other countries? In...
Persistent link: https://www.econbiz.de/10012543994
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Is the age structure of the population one of the determinants of the household saving rate in China? A spatial panel analysis of provincial data
Yin, Jingwen; Horioka, Charles - 2022
In this paper, we use provincial panel data on China for the 2002-19 period to conduct a spatial autocorrelation analysis of household saving rates as well as a dynamic panel analysis of the determinants of household saving rates using a spatial Durbin model. To summarize our main findings, we...
Persistent link: https://www.econbiz.de/10013349610
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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 information from two household surveys, and by so doing, attempts to assess the relative importance of precautionary saving and bequest motives in explaining the lower than...
Persistent link: https://www.econbiz.de/10012013653
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The wealth decumulation behavior of the retired elderly in Italy: The importance of bequest motives and precautionary saving
Ventura, Luigi; Horioka, Charles - 2020
In this paper, we analyze the wealth accumulation and saving behavior of the retired elderly in Italy using micro data from the "Survey of Italian Households' Income and Wealth," a panel survey of households conducted every two years by the Bank of Italy. We find that, on average, the retired...
Persistent link: https://www.econbiz.de/10012430038
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A model of anticipated consumption tax changes
Hino, Masashi - 2021
This paper studies household spending responses to anticipated changes in the consumption tax. To do so, I construct a … that reflects the actual consumption tax system: households pay the tax when buying the durables but do not receive the tax …-factual experiment finds that the effect of a consumption tax cut is not symmetric to the tax hike. The second counter-factual experiment …
Persistent link: https://www.econbiz.de/10012793777
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Household saving in Japan: The past, present, and future
Horioka, Charles Yuji - 2024
The primary objective of this paper is to explore the determinants of the level of, and trends over time in, Japan's household saving rate, with emphasis on the impact of the age structure of the population, and to make projections about future trends therein. The paper finds that Japan's...
Persistent link: https://www.econbiz.de/10015166339
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Why do Europeans save? Micro-evidence from the household finance and consumption survey
Horioka, Charles; Ventura, Luigi - 2024
Consumption Survey (HFCS), which is conducted by the European Central Bank. We find that the rank ordering of saving motives …
Persistent link: https://www.econbiz.de/10015054181
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The nexus between long-term care insurance, formal care, informal care, and bequests: The case of Japan
Horioka, Charles; Gahramanov, Emin; Tang, Xueli - 2024
The purpose of this paper is to conduct a theoretical and empirical analysis of the nexus between long-term care insurance (LTCI), formal care, informal (family) care, and bequests. In our empirical analysis, we use micro data from the Japan Household Panel Survey on Consumer Preferences and...
Persistent link: https://www.econbiz.de/10015054248