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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 …
Persistent link: https://www.econbiz.de/10011912032
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 …
Persistent link: https://www.econbiz.de/10012198628
-quarter of total household wealth in Europe provides further corroboration for this finding. …
Persistent link: https://www.econbiz.de/10015047840
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 …
Persistent link: https://www.econbiz.de/10012291218
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 …
Persistent link: https://www.econbiz.de/10012195738
survey conducted in China, India, Japan, and the United States. It finds striking inter-country differences in bequest plans …
Persistent link: https://www.econbiz.de/10010354604
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 …
Persistent link: https://www.econbiz.de/10015066903
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 … that this model is highly applicable in the case of Japan. -- Saving ; dissaving ; consumption ; aged ; elderly …
Persistent link: https://www.econbiz.de/10003339272
This paper investigates empirically why Japan’s household savings rate fell in the 1990s. We constructed an economic … the proportion of liquidity-constrained households increased sharply in the late 1990s, which led to a decline in Japan …’s household savings rate. Our simulation analysis demonstrated that if the proportion of liquidity-constrained households in the …
Persistent link: https://www.econbiz.de/10002719933
Retirement in Europe (SHARE) to examine the wealth accumulation (saving) behavior of the retired elderly in Europe. To summarize … our main findings, we find that less than half of the retired elderly in Europe are decumulating their wealth and that the … average wealth accumulation rate of the retired elderly in Europe is positive though relatively moderate (6.6% over a 3-year …
Persistent link: https://www.econbiz.de/10013369636