Narrow search
Showing 1 - 10 of 82
Cover Image
Why did Japan's household savings rate fall in the 1990s?
Ogawa, Kazuo - 2005
This paper investigates empirically why Japan's household savings rate fell in the 1990s. We constructed an economic model consisting of two types of household: unconstrained life-cycle households and liquidity-constrained households. Unconstrained households generally save, but...
Persistent link: https://www.econbiz.de/10010332236
Cover Image
The impact of intergenerational transfers on household wealth inequality in Japan and the United States
Niimi, Yoko; Horioka, Charles - 2016
To help shed light on the implications of intergenerational transfers for wealth inequality, this paper examines … widening of wealth disparities. However, such a tendency is found to be stronger among less better-off households in both … countries, and this may help alleviate the disequalizing effect of intergenerational transfers on the distribution of wealth, at …
Persistent link: https://www.econbiz.de/10011564960
Cover Image
The preference for wealth and inequality: Towards a Piketty theory of wealth inequality
Michau, Jean-Baptiste; Ono, Yoshiyasu; Schlegl, Matthias - 2023
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 …
Persistent link: https://www.econbiz.de/10014540454
Cover Image
The Impact of Intergenerational Transfers on Household Wealth Inequality in Japan and the United States
Niimi, Yoko - 2016
To help shed light on the implications of intergenerational transfers for wealth inequality, this paper examines … widening of wealth disparities. However, such a tendency is found to be stronger among less better-off households in both … countries, and this may help alleviate the disequalizing effect of intergenerational transfers on the distribution of wealth, at …
Persistent link: https://www.econbiz.de/10012982478
Cover Image
The impact of intergenerational transfers on the distribution of wealth: An international comparison
Horioka, Charles - 2024
light on the impact of intergenerational transfers on household wealth disparities and on possible reasons for the … substantial differences in household wealth disparities among the 4 countries. Almost all of the evidence I present suggests that … intergenerational transfers have a disequalizing impact on household wealth disparities and promote the transmission of household wealth …
Persistent link: https://www.econbiz.de/10015070342
Cover Image
Are the Japanese Unique? Evidence from Household Saving and Bequest Behavior
Horioka, Charles Yuji - 2016
In this paper, we attempt to shed light on whether Japanese households are rational or if their behavior is influenced by culture and social norms by examining their saving and bequest behavior. To summarize our main findings, we find that Japan's household saving rate showed great volatility,...
Persistent link: https://www.econbiz.de/10012990042
Cover Image
Why Do People Save? A Micro-Analysis of Motives for Household Saving in Japan
Horioka, C.Y.; Watanabe, W. - Institute of Social and Economic Research (ISER), Osaka … - 1996
This paper estimates the contribution of net saving for each of twelve motives to overall household saving in Japan using micro data from Japanese Government survey and finds that the net saving for the retirement and precautionary motives, both of which are consistent with the life-cycle model,...
Persistent link: https://www.econbiz.de/10008602832
Cover Image
A U.S.-Japan Comparison of the Importance and Determinants of Retirement Saving.
Horioka, C.Y.; Okui, M. - Institute of Social and Economic Research (ISER), Osaka … - 1998
In this paper, we conduct a U.S.- Japan comparison of the importance of retirement saving and of the determinants thereof using micro data from the "U.S.- Japan Comparison Survey of Saving," a binational household survey conducted in 1996 by the Institute for Posts and Telecommunications Policy...
Persistent link: https://www.econbiz.de/10008602911
Cover Image
Recent trends in consumption in Japan and the other Group of Seven (G7) countries
Horioka, Charles Yuji - 2012
consumption (such as GDP, household incomes, household saving rates, household wealth, and employment conditions) in the Group of … private consumption has been due to the stagnation of household income and of household wealth and the relative stability of …
Persistent link: https://www.econbiz.de/10010332369
Cover Image
The wealth decumulation behavior of the retired elderly in Italy: The importance of bequest motives and precautionary saving
Ventura, Luigi; Horioka, Charles - 2020
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/10012430038