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来源类型Working Paper
规范类型报告
DOI10.3386/w15601
来源IDWorking Paper 15601
The (Dis)saving Behavior of the Aged in Japan
Charles Y. Horioka
发表日期2009-12-23
出版年2009
语种英语
摘要In this paper, I survey the previous literature on the saving behavior of the aged in Japan and then present some survey data on the saving behavior of the aged in Japan that became available recently. To summarize the main findings of this paper, virtually all previous studies as well as the newly available data I analyze find that the retired aged dissave and that even the working aged dissave, at least at advanced ages. Moreover, there has been a sharp increase in the dissaving of the retired aged since 2000, with the increase being due primarily to reductions in social security benefits, increases in consumption expenditures, and increases in taxes and social insurance premiums. These findings are consistent with the life-cycle model and suggest that this model is highly applicable (and becoming increasingly applicable over time) in the case of Japan.
主题Microeconomics ; Households and Firms ; Behavioral Economics ; Macroeconomics ; Consumption and Investment
URLhttps://www.nber.org/papers/w15601
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/573277
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GB/T 7714
Charles Y. Horioka. The (Dis)saving Behavior of the Aged in Japan. 2009.
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