This paper measures, via the cumulation of life cycle saving method, the contribution of transfer to total wealth accumulation among worker households from 1974 to 1984. The findings suggest that under either the Modigliam or Kotlifoff and Summers definitions of transfer wealth, capital...

This paper is a critique of the literature on transfer wealth accumulation in Japan during the postwar period. The emphasis is on selected works in two areas that are closely related: the accumulation of wealth by the elderly in extended families in Japan, and the distribution of wealth within...

This paper examines what I believe to be the significant developments in research over the past ten years on Japan's saving. It is a world that has been turned upside down during this period. I hope this paper helps clarify the extraordinary changes that have taken place. The paper is organized...