literature on household saving behavior in Japan (with emphasis on the author's own past research) to shed light on whether or … the age structure of the population on the saving rate, the saving behavior of retired households, saving motives, the …

estimate a structural model of life-cycle consumption and credit use in which credit cards can be used for payments …

version of the selfish life-cycle model and then survey the literature on household saving and bequest behavior in Japan in …

degree of insurance. This, in turn, contributes to persistent racial differentials in life-cycle consumption.Starting from … the same position in the consumption distribution Blacks end up in a lower percentile than Whites after a few decades …. This is particularly marked for those Blacks who start at the top of the consumption distribution, where Whites are much …

With 20 years of PSID data, we document persistent racial differentials in life-cycle consumption dynamics. Starting … from similar positions in the consumption distribution Blacks end up in lower percentiles than Whites. Education, income … the Whites to prevent them from falling in the lower part of the consumption distribution. …

changes in disposable income around the country's financial crisis in 2008, to plot the life-cycle path of consumption and … income for different education groups and to estimate the level of consumption smoothing. We split households into three … educated engage in more consumption smoothing than those without a university degree. We also construct a measure for marginal …

-cycle model - long-run consumption smoothing and short-run insurance against income shocks - can be addressed quite well by saving …We analyse life-cycle saving decisions when households use simple heuristics, or rules of thumb, rather than solve the … underlying intertemporal optimization problem. We simulate life-cycle saving decisions using three simple rules and compute …

information from two household surveys, and by so doing, attempts to assess the relative importance of precautionary saving and … analyses of these two datasets show that precautionary saving plays a relatively important role in explaining the lower than … expected wealth decumulation rate of the retired elderly, at least in the case of Japan, even though both precautionary saving …

In this paper, we analyze the wealth accumulation and saving behavior of the retired elderly in Italy using micro data … saving. Thus, the Wealth Decumulation Puzzle (the tendency of the retired elderly to decumulate their wealth more slowly than … Financial Crisis. Moreover, our regression analysis of the determinants of the wealth accumulation and saving behavior of the …

Consumption Survey (HFCS), which is conducted by the European Central Bank. We find that the rank ordering of saving motives …In this paper, we analyze the saving motives of European households using micro-data from the Household Finance and … most important saving motive of European households when the proportion of households saving for each motive is used as the …