Comparative Survey of Savings in Japan and the United States,' a binational survey conducted in 1996 by the Institute for Posts … light on which model of household behavior applies in the two countries. We find (1) that the selfish life cycle model is … the dominant model of household behavior in both countries but that it is far more applicable in Japan than it is in the U …

the most the household can afford to consume in the present given that it wants to preserve that living standard in the … household demographics and borrowing constraints. The different life insurance recommendations reflect these same factors as … well as ESPlanner's accounting for contingent household plans and for Social Security's survivor benefits. The less …

economic incentives that are imbedded in tax-deferred retirement accounts. Finally, I also discuss several indirect channels … through which tax policy may affect household saving by altering the behavior of third parties, such as employers …

This paper discusses recent neoclassical analyses of taxation and savings.Contrary to the popular view that fiscal … policy has highly ambiguous impacts on savings, neoclassical models admit a host of policies with clear and potentially quite … quantitative affect on savings.The essential elements of these policies involve inter- and intragenerational redistribution …

reducing consumption; goods and leisure are consumed jointly, suggesting their complementarity in household production; and …