Household savings behavior in China during the past 30 years has been studied by using econometric models with the time …

This paper develops and tests a model of Japan’s household savings rate, based on the life-cycle hypothesis that the … primary motive for savings is provision for retirement. The paper shows that Japan’s high household savings rate in recent … improvements in public pension benefits and the aging of the population. It projects that the savings rate will decline …

This paper compares the SDR in terms of its risk-return characteristics relative to those of its five components and … a major weight, particularly in those portfolios which involve minimum risk and therefore would appear to be most …

past gains and losses on investors'' risk aversion. We first present a simple model on how heterogeneous changes in … investors'' risk aversion affect portfolio decisions and stock prices. Second, we empirically show that, when funds'' returns …