Do the aged dissave in Japan? Evidence from micro data

Charles Yuji Horioka, Norihiro Kasuga, Katsuyo Yamazaki, Wako Watanabe

Research output: Contribution to journalArticle

10 Citations (Scopus)

Abstract

In this paper, we analyze the saving behavior of the aged in Japan using household-level data from a 1992 survey conducted by the Ministry of Posts and Telecommunications. We find (1) that although the employed aged continue to save, the retired aged are dissaving, on average, (2) that 60 percent of the aged in Japan have either a selfish bequest motive or no bequest motive at all, and (3) that the presence of a selfish bequest motive affects the behavior of both the retired aged and their children in the expected ways. All of these findings are fully consistent with the life cycle model J. Japan. Int. Econ., September 1996, 10(3), pp. 295-311. Institute of Social and Economic Research, Osaka University, Mihogaoka, Ibaraki, Osaka 567, Japan; Institute for Posts and Telecommunications Policy, Ministry of Posts and Telecommunications, Tokyo, Japan; and National Bureau of Economic Research, Cambridge, Massachusetts; and Ministry of Posts and Telecommunications, Tokyo, Japan.

Original languageEnglish
Pages (from-to)295-311
Number of pages17
JournalJournal of the Japanese and International Economies
Volume10
Issue number3
DOIs
Publication statusPublished - 1996 Sep
Externally publishedYes

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Japan
telecommunication
ministry
evidence
economic research
saving behavior
social research
life cycle
Micro data
Telecommunications
Bequest motive
Tokyo
Economic research

ASJC Scopus subject areas

  • Economics and Econometrics
  • Finance

Cite this

Do the aged dissave in Japan? Evidence from micro data. / Horioka, Charles Yuji; Kasuga, Norihiro; Yamazaki, Katsuyo; Watanabe, Wako.

In: Journal of the Japanese and International Economies, Vol. 10, No. 3, 09.1996, p. 295-311.

Research output: Contribution to journalArticle

Horioka, Charles Yuji ; Kasuga, Norihiro ; Yamazaki, Katsuyo ; Watanabe, Wako. / Do the aged dissave in Japan? Evidence from micro data. In: Journal of the Japanese and International Economies. 1996 ; Vol. 10, No. 3. pp. 295-311.
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