In this paper, I conduct an international comparison of the financial health of households using data on household … wealth and indebtedness for the Group of Seven (G7) countries and show that, even though household borrowings in Japan were … the highest among the G7 countries, at least until 2000, household assets were also high in Japan, as a result of which …

their children than those who do not using data for Japan and the United States. The estimation results show that the … bequests to their own children in both Japan and the United States, which in turn is likely to contribute to the persistence or …