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literature on household saving behavior in Japan (with emphasis on the author's own past research) to shed light on whether or … not the selfish life-cycle model applies in the case of Japan. In particular, we survey the literature on the impact of … almost all of the available evidence suggests that the selfish life-cycle model applies to a greater extent in Japan than it …
Persistent link: https://www.econbiz.de/10012195738
The primary objective of this paper is to explore the determinants of the level of, and trends over time in, Japan … trends therein. The paper finds that Japan's household saving rate has not always been high either absolutely or relative to … 25-year period from 1961 to 1986 that it exceeded 15%. Past and future trends in Japan's household saving rate can …
Persistent link: https://www.econbiz.de/10015141869
criterion to rank them but that the retirement motive is the most important saving motive of European households if the … importance of each saving motive, with saving for the retirement motive being less important in countries with generous public … findings suggest that the retirement motive and the precautionary motive are the dominant motives for saving in Europe partly …
Persistent link: https://www.econbiz.de/10015047840
care responsibilities tend to arise relatively late in life, often after retirement, in the case of Japan, our results …This paper analyzes the determinants of the wealth decumulation behavior of the retired elderly in Japan using unique … expected wealth decumulation rate of the retired elderly, at least in the case of Japan, even though both precautionary saving …
Persistent link: https://www.econbiz.de/10011912032
cycle labor supply, retirement timing, and savings. I develop a structural model in continuous time where the life-cycle of … a representative agent is divided into three distinct phases: pre-treatment, post-treatment, and retirement. Solutions … for consumption/savings, labor supply/leisure, and retirement timing are then obtained by solving the model as a salvage …
Persistent link: https://www.econbiz.de/10012495695
incentives matter for the retirement behavior of the self-employed. We also provide evidence of the self-employed not wanting to … retire as early as possible, and contrast these expectation data with realized retirement transitions. The overall picture …
Persistent link: https://www.econbiz.de/10011380941
We study the labor supply implications of the Old-Age Pension Act (OPA) of 1908, which, for the first time, provided pensions to older people in the UK. Using recently released census data covering the entire population, we exploit variation at the newly created age-based eligibility threshold....
Persistent link: https://www.econbiz.de/10012550293
transfers can have important implications for family decisions. This paper estimates the effects of parental retirement on adult … exploit eligibility ages for early retirement for identification in a regression discontinuity design. The results show that … parent's early retirement significantly increases the probability of childbirth for adult children. However, parental …
Persistent link: https://www.econbiz.de/10012178365
We study the labor supply effects and welfare implications of introducing a universal means-tested old-age assistance program in times of very limited social protection. We take advantage of a unique historical reform: The Old-Age Pension Act (OPA) of 1908, which, for the first time, provided...
Persistent link: https://www.econbiz.de/10012206620
When the challenges of population aging are being debated, the uncertain future of pension systems is a topic of high priority and large controversy. The aim of this chapter is not to provide a “consensus view” on social security and public insurance in aging populations but to put structure...
Persistent link: https://www.econbiz.de/10014023471