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The finding of Feldstein and Horioka (1980) that domestic saving and domestic investment are highly correlated across countries despite the rapid globalization and liberalization of financial markets in recent decades has been regarded as a Puzzle or Paradox. However, in this paper, we show that...
Persistent link: https://www.econbiz.de/10014530303
the rapid aging of Japan’s population has played the most important role; and fourth, that there is nothing to worry about … ; Saving ; Japan ; Aging ; Culture …
Persistent link: https://www.econbiz.de/10003490393
We analyze the impact of population aging on Japan’s household saving rate and on its public pension system and the …’s population can explain the level of, and past and future trends in, its household saving rate; second, the rapid aging of Japan …-as-you-go nature of the public pension system, combined with rapid population aging, created considerable intergenerational inequities …
Persistent link: https://www.econbiz.de/10003490425
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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 …'s population can explain the level of, and past and future trends in, its household saving rate; second, the rapid aging of Japan …-as-you-go nature of the public pension system, combined with rapid population aging, created considerable intergenerational inequities …
Persistent link: https://www.econbiz.de/10003509258
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