This paper investigates empirically why Japan's household savings rate fell in the 1990s. We constructed an economic …'s household savings rate. Our simulation analysis demonstrated that if the proportion of liquidity-constrained households in the … 1990s had stayed at the level as that of the late 1980s, the household savings rate would have increased by four percent …

being credit rationed, loan size, and the probability of bankruptcy using household-level data from the Japanese Panel … Survey of Consumers, conducted by the Institute for Research on Household Economics, in conjunction with judicial data by …

importance of borrowing constraints in Japan. We find (1) that 8 to 15 percent of young married Japanese households are borrowing …-constrained, (2) that household assets and the husband's educational attainment are the most important determinants of whether or not … a household is borrowing-constrained, and (3) that the Euler equation implication is rejected for both the full sample …

This study investigated the causes of people's anxieties about life after the age of 65 years, using household data … from countries with different social contexts: Japan, the United States, China, and India. This research added contextual … aspects to the literature on social security and precautionary savings. An ordered probit model was used to establish the …

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 …

This paper presents data on Japan's household saving rate, considers the reasons for Japan's high household saving rate … in the past and the reasons for the recent decline therein, projects future trends in Japan's household saving rate, and … consider the implications of my findings. It finds that Japan's high household saving rate was a temporary phenomenon and that …

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 …

This paper estimates the contribution of net saving for each of twelve motives to overall household saving in Japan …