Household saving in Japan

David W. Campbell; Wako Watanabe

doi:10.1111/1468-5876.00193

Household saving in Japan

David W. Campbell, Wako Watanabe

Research output: Contribution to journal › Article › peer-review

4 Citations (Scopus)

Abstract

Recent research has indicated that Japanese and American saving behaviour may not be fundamentally different. In this paper we have tried to determine if aggregate saving in Japan, as in the United States, is driven by a small number of very wealthy or high-income households. We found that about 12% of households account for 75% of total positive saving, 75% of total negative saving and 75% of total net saving. These conclusions reinforce the hypothesis that the savings process in Japan is not distinctive, and highlight the importance of research on the heterogeneity of saving behaviour. JEL Classification Numbers: D12, D31, E21.

Original language	English
Pages (from-to)	243-250
Number of pages	8
Journal	Japanese Economic Review
Volume	52
Issue number	2
DOIs	https://doi.org/10.1111/1468-5876.00193
Publication status	Published - 2001 Jan 1
Externally published	Yes

ASJC Scopus subject areas

Economics and Econometrics

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Household saving in Japan

Abstract

ASJC Scopus subject areas

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