A Cointegration Analysis of the Impact of the Age Structure of the Population on the Household Saving Rate in Japan
AbstractThis paper analyzes the impact of the age structure of the population on Japan's household saving rate by applying cointegration techniques to time-series data for the 1955â1993 period. It finds that the ratio of minors to the working-age population and that of the aged to the working-age population both have a negative and significant impact on the household saving rate. This finding suggests that the life-cycle model applies even in a country such as Japan, in which this model is less likely to apply due to cultural peculiarities such as the greater prevalence of intergenerational transfers. Â© 1997 by the President and Fellows of Harvard College and the Massachusetts Institute of Technology
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Bibliographic InfoPaper provided by Institute of Social and Economic Research, Osaka University in its series ISER Discussion Paper with number 0384.
Length: 24 pages
Date of creation: 1995
Date of revision:
Other versions of this item:
- Charles Yuji Horioka, 2000. "A Cointegration Analysis of the Impact of the Age Structure of the Population on the Household Saving Rate in Japan," The Review of Economics and Statistics, MIT Press, vol. 79(3), pages 511-516, August.
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