| 来源类型 | Working Paper
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| 规范类型 | 报告
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| DOI | 10.3386/w27869
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| 来源ID | Working Paper 27869
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| Is the Selfish Life-Cycle Model More Applicable in Japan and, If So, Why? A Literature Survey |
| Charles Yuji Horioka
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| 发表日期 | 2020-09-28
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| 出版年 | 2020
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| 语种 | 英语
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| 摘要 | 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 this paper, we first provide a brief exposition of the simplest version of the selfish life-cycle model and then survey the literature on household saving and bequest behavior in Japan in order to answer this question. The paper finds that almost all of the available evidence suggests that the selfish life-cycle model applies to at least some extent in all countries but that there is more consistent support for this model in Japan than in the United States and other countries. It then explores possible explanations for why the life-cycle model is more consistently supported in Japan than in other countries, attributing this finding to government policies, institutional factors, economic factors, demographic factors, and cultural factors. Finally, it shows that the findings of the paper have many important implications for economic modeling and for government tax and expenditure policies. |
| 主题 | Microeconomics
; Households and Firms
; Welfare and Collective Choice
; Macroeconomics
; Consumption and Investment
; Labor Economics
; Demography and Aging
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| URL | https://www.nber.org/papers/w27869
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| 来源智库 | National Bureau of Economic Research (United States)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/585543
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推荐引用方式
GB/T 7714 |
Charles Yuji Horioka. Is the Selfish Life-Cycle Model More Applicable in Japan and, If So, Why? A Literature Survey. 2020.
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文件名：
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w27869.pdf
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格式：
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Adobe PDF
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