This paper analyzes the determinants of the wealth decumulation behavior of the retired elderly in Japan using unique … bequest motives in explaining the lower than expected rates of wealth decumulation of the retired elderly. Taken together, our … expected wealth decumulation rate of the retired elderly, at least in the case of Japan, even though both precautionary saving …

illiterate. Moreover, as expected, I found that financial literacy increases the probability of having a savings plan for …

particularly relevant for the quickly aging Asian economies: the volume of savings for old-age provisions, international … diversification of retirement savings, and global spillover effects of pension reforms. …

on the target for precautionary wealth but not on precautionary wealth. 2. The positive influence of income uncertainty …Using unique survey data which includes information on precautionary wealth and its target, we analyze the … precautionary saving behavior of Japanese households. Our findings are: 1. Measures for income uncertainty have a positive influence …

This paper analyzes the determinants of the wealth decumulation behavior of the retired elderly in Japan using unique … bequest motives in explaining the lower than expected rates of wealth decumulation of the retired elderly. Taken together, our … expected wealth decumulation rate of the retired elderly, at least in the case of Japan, even though both precautionary saving …