This paper analyzes the determinants of the wealth decumulation behavior of the retired elderly in Japan using unique … expected wealth decumulation rate of the retired elderly, at least in the case of Japan, even though both precautionary saving … burden of parental care may also affect the wealth decumulation behavior of the retired elderly in Japan. Given that parental …

In this paper, we analyze the wealth accumulation and saving behavior of the retired elderly in Italy using micro data … from the "Survey of Italian Households' Income and Wealth," a panel survey of households conducted every two years by the … Bank of Italy. We find that, on average, the retired elderly in Italy are decumulating their wealth (dissaving) but that …

-quarter of total household wealth in Europe provides further corroboration for this finding. …

In this paper, I analyze detailed data on intergenerational transfers in 4 countries (China, India, Japan, and the … United States) from the "Japan Household Panel Survey on Consumer Preferences and Satisfaction (JHPS-CPS)" which has been … light on the impact of intergenerational transfers on household wealth disparities and on possible reasons for the …

What are the consequences of the preference for wealth for the accumulation of capital and for the dynamics of wealth … inequality? Assuming that wealth per se is a luxury good, inequality tends to rise whenever the interest rate is larger than the … economic growth rate. This induces the economy to converge towards an equilibrium with extreme wealth inequality, where the …

To help shed light on the implications of intergenerational transfers for wealth inequality, this paper examines … their children than those who do not using data for Japan and the United States. The estimation results show that the … bequests to their own children in both Japan and the United States, which in turn is likely to contribute to the persistence or …

survey conducted in China, India, Japan, and the United States. It finds striking inter-country differences in bequest plans …

literature on household saving behavior in Japan (with emphasis on the author's own past research) to shed light on whether or … not the selfish life-cycle model applies in the case of Japan. In particular, we survey the literature on the impact of … almost all of the available evidence suggests that the selfish life-cycle model applies to a greater extent in Japan than it …

theoretical model of household behavior in economics, but does this model apply in the case of a country like Japan, which is said … version of the selfish life-cycle model and then survey the literature on household saving and bequest behavior in Japan in …-cycle model applies to at least some extent in all countries but that there is more consistent support for this model in Japan …

The primary objective of this paper is to explore the determinants of the level of, and trends over time in, Japan … 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 …