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Are the Japanese unique? : evidence from household saving and bequest behavior
Horioka, Charles - 2016
by culture and social norms by examining their saving and bequest behavior. To summarize our main findings, we find that … the Japanese are not a saving-loving people and that their saving behavior is not governed by culture and social norms …, we argue that these findings do not necessarily mean that culture and social norms do not matter. …
Persistent link: https://www.econbiz.de/10011478422
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Is the selfish life-cycle model more applicable in Japan and, if so, why? : a literature survey
Horioka, Charles - 2020
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...
Persistent link: https://www.econbiz.de/10012291218
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Are Japanese households financially healthy, and if so, why? A Group of Seven (G7) comparison
Horioka, Charles Yuji - 2012
greater financial health of Japanese households is due more to culture or to government policies, institutions, and other non … explained much better by non-cultural factors than by culture. …
Persistent link: https://www.econbiz.de/10010332271
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Are the Japanese unique? Evidence from household saving and bequest behavior
Horioka, Charles Yuji - 2016
by culture and social norms by examining their saving and bequest behavior. To summarize our main findings, we find that … the Japanese are not a saving-loving people and that their saving behavior is not governed by culture and social norms …, we argue that these findings do not necessarily mean that culture and social norms do not matter. …
Persistent link: https://www.econbiz.de/10011564954
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Is the selfish life-cycle model more applicable in Japan and, if so, why? A literature survey
Horioka, Charles - 2020
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...
Persistent link: https://www.econbiz.de/10012543994
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Are Americans and Indians more altruistic than the Japanese and Chinese? : evidence from a new international survey of bequest plans
Horioka, Charles - 2014
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...
Persistent link: https://www.econbiz.de/10010354604
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IS imbalances and current account surpluses in Japan : in memory of Professor Ronald I. McKinnon
Horioka, Charles - 2015
In this paper, I find (1) that Japan showed massive and persistent current account surpluses from at least 1981 and until at least 2011, (2) that Professor Ronald McKinnon was correct, at least in the case of Japan, and that these large and persistent current account surpluses were due primarily...
Persistent link: https://www.econbiz.de/10011311745
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What determines financial literacy in Japan?
Kadoya, Yoshihiko; Khan, Mostafa Saidur Rahim - 2016
This study aims to determine the factors that affect financial literacy in Japan using data from Osaka University's Preference Parameter Study in Japan. We examined fourteen variables covering respondents' demographic, socio-economic, and psychological backgrounds drawn from social learning,...
Persistent link: https://www.econbiz.de/10011548870
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The Wealth Decumulation Behavior of the Retired Elderly in Japan : The Relative Importance of Precautionary Saving and Bequest Motives
Niimi, Yoko - 2018
This paper analyzes the determinants of the wealth decumulation behavior of the retired elderly in Japan using unique information from two household surveys, and by so doing, attempts to assess the relative importance of precautionary saving and bequest motives in explaining the lower than...
Persistent link: https://www.econbiz.de/10012909332
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Relationship between Female Illness and Savings : Evidence from Japanese Women
Mimura, Yoko - 2016
Unexpected life events, such as the onset of illness, can alter our ability to follow the life cycle model of personal financial planning, yet there are limited studies at a micro-level examining such impacts among households in Japan. We assessed the association between the onset of illness and...
Persistent link: https://www.econbiz.de/10013003755