information from two household surveys, and by so doing, attempts to assess the relative importance of precautionary saving and … analyses of these two datasets show that precautionary saving plays a relatively important role in explaining the lower than … expected wealth decumulation rate of the retired elderly, at least in the case of Japan, even though both precautionary saving …

households’ voluntary saving using administrative micro data with comprehensive third-party reported information on taxpayers … reduce voluntary saving when faced with a rise in mandatory saving. Our results are confirmed by the finding that workers who … move between the public and the private sector, which have different mandatory saving rates, do not change their voluntary …

private retirement saving. In this paper, we present the first assessment of the optimality of the retirement resources of … level of living standards in both working life and retirement. We use a life-cycle model of consumption and saving to …