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Why the saving rate has been falling in Japan

Author

Listed:
  • Azuma, Yoshiaki
  • Nakao, Takeo

Abstract

The paper estimates Japan's household saving rate function for the 1958−1998 period. We find that the contribution of the increase in net financial assets to the fall of the saving rate varies directly with the amount of assets. This has overwhelmed other factors and has caused the saving rate to fall since 1976.

Suggested Citation

  • Azuma, Yoshiaki & Nakao, Takeo, 2009. "Why the saving rate has been falling in Japan," MPRA Paper 62581, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:62581
    as

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    References listed on IDEAS

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    More about this item

    Keywords

    Japan's household saving rate; income and financial assets; aging of population; cointegration analysis;
    All these keywords.

    JEL classification:

    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth

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