This paper estimates the contribution of net saving for each of twelve motives to overall household saving in Japan using micro data from Japanese Government survey and finds that the net saving for the retirement and precautionary motives, both of which are consistent with the life-cycle model,...

We project the future trends of the japanese saving rates with special emphasis on an analysis of the consumption and saving behavior of the household sector. Notable feature of our modeling is that savings are divided into financial and real savings components. This approach is useful since the...

In this paper, we conduct a U.S.- Japan comparison of the importance of retirement saving and of the determinants thereof using micro data from the "U.S.- Japan Comparison Survey of Saving," a binational household survey conducted in 1996 by the Institute for Posts and Telecommunications Policy...

Using a small country model with habit-forming consumers and costly investment, we analyze equilibrium dynamics of the economy and derive empirical and welfare implications. The model can mimic some stylized facts: (i) a temporary increase in fiscal spending always deteriorates the current...

In this paper, we analyse the saving behavior of the aged in Japan using household-level data from a 1992 survey conducted by the Ministry of Posts and Telecommunications.