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. …

civil servants. In this paper we consider how political culture is important for determining policy and how interest groups …

faced by bankers, financiers, politicians and others. In particular, we show how private incentives and a culture that …