estimate a structural model of life-cycle consumption and credit use in which credit cards can be used for payments …

estimate a structural model of life-cycle consumption and credit use in which credit cards can be used for payments …

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 …

version of the selfish life-cycle model and then survey the literature on household saving and bequest behavior in Japan in …

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 …

In this paper, we analyze the wealth accumulation and saving behavior of the retired elderly in Italy using micro data … saving. Thus, the Wealth Decumulation Puzzle (the tendency of the retired elderly to decumulate their wealth more slowly than … Financial Crisis. Moreover, our regression analysis of the determinants of the wealth accumulation and saving behavior of the …

Consumption Survey (HFCS), which is conducted by the European Central Bank. We find that the rank ordering of saving motives …In this paper, we analyze the saving motives of European households using micro-data from the Household Finance and … most important saving motive of European households when the proportion of households saving for each motive is used as the …

is accounted for in about equal terms by higher saving rates (34%), higher initial wealth (32%), and higher returns (27 … Money are characterized by even higher saving rates and returns and also by higher labor income. Their excess wealth is … mainly explained by higher saving rates (46%), higher returns (34%), and higher labor income (16%). …

'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 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 …

inefficient and reduces the agent's pension wealth by 10%, lowering expected annual consumption in retirement by 3%. This … generates a loss of consumer welfare corresponding to 0.18% of annual consumption …