trends over time in, Japan's household saving rate via various socioeconomic and policy variables. This seems to suggest that … 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, was often low and even negative, and was high only during the 25-year …

neoclassical assumption of selfish utility maximization with bounded rationality and satisficing and by incorporating the reaction …

neoclassical assumption of selfish utility maximization with bounded rationality and satisficing and by incorporating the reaction …

persistent current account surpluses were due primarily to Japan's large and persistent IS imbalances (the excess of saving over …

In this paper, we analyze the wealth accumulation and saving behavior of the retired elderly in Italy using micro data … saving. Thus, the Wealth Decumulation Puzzle (the tendency of the retired elderly to decumulate their wealth more slowly than … Financial Crisis. Moreover, our regression analysis of the determinants of the wealth accumulation and saving behavior of the …

, which is that even though global financial markets appear to be integrated, levels of saving and investment are correlated …

information from two household surveys, and by so doing, attempts to assess the relative importance of precautionary saving and … analyses of these two datasets show that precautionary saving plays a relatively important role in explaining the lower than … expected wealth decumulation rate of the retired elderly, at least in the case of Japan, even though both precautionary saving …