This paper analyzes the impact of monetary policy on household saving in Japan between 1993 and 2017. Using annual data … from the Japan Panel Survey of Consumers it is shown that monetary expansion has contributed to a widening gap in … it. The paper documents how inequality in terms of the ability to build up wealth has increased in Japan over the past …

households, focusing on the dramatic change of the household savings rate since 1998, from high to low savings. The literature … monetary policy had a significant impact on Japan's household behavior via the interest rate channel and the redistribution …This paper scrutinizes the role of prolonged, expansionary monetary policy on the savings behavior of Japanese …

performance of equities and real estate, and slower growth in employment and wages. How does a household's exposure to monetary … policy vary with its age? The size and composition of both household income and asset portfolios exhibit large variation over … it to analyze how household responses to monetary policy shocks vary over the life cycle. Both the signs and the …

retirees. Using household-level data from the U.S., Italy, Japan and Korea, we first show that the consumption of retirees …