We examine and verify our hypothesis from a theoretical model that parents are more likely to be authoritative if they are from a wealthy family. Using the data from the Preference Parameters Study of Osaka University, Japan, we find that there are significantly positive associations between...

The selfish life-cycle model or hypothesis is, together with the dynasty or altruism model, the most widely used theoretical model of household behavior in economics, but does this model apply in the case of a country like Japan, which is said to have closer family ties than other countries? In...

We conduct a theoretical and empirical analysis of why children live with (or near) their parents and provide care and assistance to them using microdata from a Japanese household survey, the Osaka University Preference Parameter Study. We find that the Japanese are more likely to live with (or...

In this paper, we first provide a brief exposition of the simplest version of the selfish life cycle model or hypothesis, which is undoubtedly the most widely used theoretical model of household behavior in economics, and then survey the literature on household saving behavior in Japan (with...

We examine and verify our hypothesis from a theoretical model that parents are more likely to be authoritative if they are from a wealthy family. Using the data from the Preference Parameters Study of Osaka University, Japan, we find that there are significantly positive associations between...

This paper discusses three alternative assumptions concerning household preferences (altruism, self-interest, and a desire for dynasty building) and shows that these assumptions have very different implications for bequest motives and bequest division. After reviewing some of the literature on...