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The demographic change underway, declining adequacy levels from traditional pay-as-you-go old-age social security systems, structural reforms in pension schemes and the reduction in the traditional family support have increased the need for additional private savings to cover the old age income...
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In this paper, we analyze the borrowing behavior of Japanese households in comparison to the other Group of Seven (G7) countries and also broken down by the age group of the household head. We find that pre-retirement households (households with a head in the 50-59 age group) in Japan do not...
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Homeownership has been shown to be related to various aspects of well-being, although both the causal nature of this … mechanisms which could be responsible for the positive effects of homeownership, namely its role in providing material security … Europe (SHARE), we analyse the relationship between homeownership and material security, as measured through subjective …
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We estimate the implicit disability costs faced by older people, using data on over 8,000 individuals from the UK Family Resources Survey. We extend previous research by using a more flexible statistical modelling approach and by allowing for measurement error in observed disability and standard...
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