In this paper, we analyze the wealth accumulation and saving behavior of the retired elderly in Italy using micro data … Bank of Italy. We find that, on average, the retired elderly in Italy are decumulating their wealth (dissaving) but that … saving. Thus, the Wealth Decumulation Puzzle (the tendency of the retired elderly to decumulate their wealth more slowly than …

literature on household saving behavior in Japan (with emphasis on the author's own past research) to shed light on whether or … not the selfish life-cycle model applies in the case of Japan. In particular, we survey the literature on the impact of … the age structure of the population on the saving rate, the saving behavior of retired households, saving motives, the …

criterion to rank them but that the retirement motive is the most important saving motive of European households if the … importance of each saving motive, with saving for the retirement motive being less important in countries with generous public … findings suggest that the retirement motive and the precautionary motive are the dominant motives for saving in Europe partly …

version of the selfish life-cycle model and then survey the literature on household saving and bequest behavior in Japan in … theoretical model of household behavior in economics, but does this model apply in the case of a country like Japan, which is said …-cycle model applies to at least some extent in all countries but that there is more consistent support for this model in Japan …

expected wealth decumulation rate of the retired elderly, at least in the case of Japan, even though both precautionary saving …This paper analyzes the determinants of the wealth decumulation behavior of the retired elderly in Japan using unique … burden of parental care may also affect the wealth decumulation behavior of the retired elderly in Japan. Given that parental …