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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/10010332306
In this paper, the author first briefly discuss the structure of Japan's public pension system, the history of that …, possible ways of alleviating those defects, future prospects for Japan's public pension system in the face of rapid population … aging, and proposals for reforming Japan's public pension system. …
Persistent link: https://www.econbiz.de/10008602931
In this paper, I find (1) that Japan showed massive and persistent current account surpluses from at least 1981 and … until at least 2011, (2) that Professor Ronald McKinnon was correct, at least in the case of Japan, and that these large and … persistent current account surpluses were due primarily to Japan's large and persistent IS imbalances (the excess of saving over …
Persistent link: https://www.econbiz.de/10011421478
In this paper, I find (1) that Japan showed massive and persistent current account surpluses from at least 1981 and … until at least 2011, (2) that Professor Ronald McKinnon was correct, at least in the case of Japan, and that these large and … persistent current account surpluses were due primarily to Japan's large and persistent IS imbalances (the excess of saving over …
Persistent link: https://www.econbiz.de/10013017058
The almost continuous stagnation of the Japanese economy for the past two decades has had an adverse impact on Japanese households from at least three perspectives: A decline in the standard of living, an increase in risks and uncertainties relating to livelihood, employment, old age, etc., and...
Persistent link: https://www.econbiz.de/10010332497
The almost continuous stagnation of the Japanese economy for the past two decades has had an adverse impact on Japanese households from at least three perspectives: A decline in the standard of living, an increase in risks and uncertainties relating to livelihood, employment, old age, etc., and...
Persistent link: https://www.econbiz.de/10013132325
Martin Stuart ("Marty") Feldstein, currently George F. Baker Professor of Economics at Harvard University and President Emeritus of the National Bureau of Economic Research, Inc. (NBER), is a renowned American economist who has made important contributions to public finance, macroeconomics,...
Persistent link: https://www.econbiz.de/10011421488
In this paper, I breifly discuss the current structure of Japan's public pension system, the history of that system … argue that Japan's current public pension system hasan adverse impact on the inter- and intragenerational allocation of …
Persistent link: https://www.econbiz.de/10008602833
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 …
Persistent link: https://www.econbiz.de/10008602911
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/10011564954