criterion to rank them but that the retirement motive is the most important saving motive of European households if the …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 …

In this paper, we analyze the wealth accumulation and saving behavior of the retired elderly in Italy using micro data … from the "Survey of Italian Households' Income and Wealth," a panel survey of households conducted every two years by the … saving. Thus, the Wealth Decumulation Puzzle (the tendency of the retired elderly to decumulate their wealth more slowly than …

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

expected wealth decumulation rate of the retired elderly, at least in the case of Japan, even though both precautionary saving …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 …

Elderly households hold most of their wealth in housing, maintain high levels of wealth throughout retirement, and … the desire to remain in one's home. I develop and estimate a structural model of retirement savings decisions with … bequests to separately identify the different motives for holding wealth. Estimates show approximately half of retirees have no …