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Are the Japanese unique? : evidence from household saving and bequest behavior
Horioka, Charles - 2016
Japan's household saving rate showed great volatility, was often low and even negative, and was high only during the 25-year … trends over time in, Japan's household saving rate via various socioeconomic and policy variables. This seems to suggest that … their children than other peoples, suggesting that the alleged social norm of strong family ties in Japan is largely a myth …
Persistent link: https://www.econbiz.de/10011478422
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Aging, saving, and public pensions in Japan
Horioka, Charles (contributor); Suzuki, Wataru (contributor) - 2007
We analyze the impact of population aging on Japan’s household saving rate and on its public pension system and the … impact of that system on Japan’s household saving rate and obtain the following results: first, the age structure of Japan …’s population can explain the level of, and past and future trends in, its household saving rate; second, the rapid aging of Japan …
Persistent link: https://www.econbiz.de/10003490425
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Corporate real estate holding and stock returns : international evidence from listed companies
Ng, Joe Cho Yiu; Leung, Charles Ka Yui; Chen, Suikang - 2022 - This version: January 2022
This study examines the relationship between corporate real estate (CRE) holdings and stock returns before and after the Global Financial Crisis (GFC). We find that (1) the United States and the United Kingdom show a negative relationship before the GFC and positive after the GFC. (2) Firms that...
Persistent link: https://www.econbiz.de/10012880062
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Why is the Hong Kong housing market unaffordable? : some stylized facts and estimations
Leung, Charles Ka Yui; Ng, Joe Cho Yiu; Tang, Edward Chi Ho - 2020 - This version: March 2020
The house price in Hong Kong is well-known to be "unaffordable." This paper argues that the commonly used house price-to-income ratio may be misleading in an economy with almost half of the population living in either public rental housing or subsidized ownership. Moreover, we re-focus on the...
Persistent link: https://www.econbiz.de/10012195712
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The impact of pre-marital sex ratios on household saving in two Asian countries : the competitive saving motive revisited
Horioka, Charles; Terada Hagiwara, Akiko - 2016
This paper estimates a household saving rate equation for India and Korea using long-term time series data for the 1975-2010 period, focusing in particular on the impact of the pre-marital sex ratio on the household saving rate. To summarize the main findings of the paper, it finds that the...
Persistent link: https://www.econbiz.de/10011497711
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The gender gap in education investment and the demographic transition in developing countries : theory and evidence
Nguyen Thang Dao; Dávila, Julio; Greulich, Angela - 2019
We propose a unified growth model linking technology, education investment across genders, and fertility to explain, for 20th century developing countries: (i) the demographic transition, (ii) the improvement in gender equality in education, and (iii) the transition to sustained growth. The...
Persistent link: https://www.econbiz.de/10012137079
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The determinants and long-term projections of saving rates in developing Asia
Horioka, Charles; Terada Hagiwara, Akiko - 2011 - May 25, 2010; rev. October 27, 2011
; demographics ; aging ; population aging ; financial sector development ; developing Asia ; emerging Asia ; China …
Persistent link: https://www.econbiz.de/10009348943
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Is the age structure of the population one of the determinants of the household saving rate in China? : a spatial panel analysis of provincial data
Yin, Jingwen; Horioka, Charles - 2022
In this paper, we use provincial panel data on China for the 2002-19 period to conduct a spatial autocorrelation analysis of household saving rates as well as a dynamic panel analysis of the determinants of household saving rates using a spatial Durbin model. To summarize our main findings, we...
Persistent link: https://www.econbiz.de/10012939625
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Demographic structure, knowledge diffusion, and endogenous productivity growth
Davis, Colin; Hashimoto, Ken'ichi; Tabata, Ken - 2020
This paper considers how increasing longevity and declining birth rates affect market entry and endogenous productivity growth in a two-country model of trade. In each country, the demographic transition to an older population induces a contraction in the labor force through a decline in the...
Persistent link: https://www.econbiz.de/10012404477
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The slow demographic transition in regions vulnerable to climate change
Nguyen Thang Dao; Kalkuhl, Matthias; Vasilakis, … - 2022
This paper considers the persistent effects of climate change on the speed of demographic transi- tion, and hence on the size of the population in regions that are the least developed and the most vulnerable to climate change, such as Sub-Saharan Africa. These effects are transmitted through...
Persistent link: https://www.econbiz.de/10013369680