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Household savings in Japan revisited

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  • Kitamura, Yukinobu
  • Takayama, Noriyuki
  • Arita, Fumiko

Abstract

This paper investigates the household saving behavior by different cohorts with various household characteristics in Japan. Pooling the National Survey of Family Income and Expenditure in 1984, 1989 and 1994, the cohort analysis finds a substantial behavioral difference in the baby-boomer generation in Japan after 1989. As this generation is the largest demographic group, this finding provides valuable information to policy makers, especially in terms of intergenerational equity.
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Suggested Citation

  • Kitamura, Yukinobu & Takayama, Noriyuki & Arita, Fumiko, 2001. "Household savings in Japan revisited," Research in Economics, Elsevier, vol. 55(2), pages 135-153, June.
  • Handle: RePEc:eee:reecon:v:55:y:2001:i:2:p:135-153
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    References listed on IDEAS

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    1. Thomas A. Barthold & Takatoshi Ito, 1992. "Bequest Taxes and Accumulation of Household Wealth: U.S.-Japan Comparison," NBER Chapters,in: The Political Economy of Tax Reform, NBER-EASE Volume 1, pages 235-292 National Bureau of Economic Research, Inc.
    2. Hayashi, Fumio & Ando, Albert & Ferris, Richard, 1988. "Life cycle and bequest savings A study of Japanese and U.S. households based on data from the 1984 NSFIE and the 1983 survey of consumer finances," Journal of the Japanese and International Economies, Elsevier, vol. 2(4), pages 450-491, December.
    3. Horioka, Charles Yuji & Watanabe, Wako, 1997. "Why Do People Save? A Micro-Analysis of Motives for Household Saving in Japan," Economic Journal, Royal Economic Society, vol. 107(442), pages 537-552, May.
    4. Yukinobu Kitamura & Noriyuki Takayama, 1999. "Lessons from Generational Accounting in Japan," American Economic Review, American Economic Association, vol. 89(2), pages 171-175, May.
    5. Hayashi, Fumio & Ito, Takatoshi & Slemrod, Joel, 1988. "Housing finance imperfections, taxation, and private saving: A comparative simulation analysis of the United States and Japan," Journal of the Japanese and International Economies, Elsevier, vol. 2(3), pages 215-238, September.
    6. Noriyuki Takayama & Yukinobu Kitamura & Hiroshi Yoshida, 1999. "Generational Accounting in Japan," NBER Chapters,in: Generational Accounting around the World, pages 447-470 National Bureau of Economic Research, Inc.
    7. Feldstein, Martin S, 1974. "Social Security, Induced Retirement, and Aggregate Capital Accumulation," Journal of Political Economy, University of Chicago Press, vol. 82(5), pages 905-926, Sept./Oct.
    8. Ohtake, F., 1991. "Bequest Motives of Aged Households in Japan," ISER Discussion Paper 0249, Institute of Social and Economic Research, Osaka University.
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    Cited by:

    1. Agnese Bicevska & Aleksejs Melihovs & Krista Kalnberzina, 2009. "Savings in Latvia," Discussion Papers 2009/01, Latvijas Banka.
    2. Marialuz Moreno Badia, 2006. "Who Saves in Ireland? The Micro Evidence," IMF Working Papers 06/131, International Monetary Fund.
    3. Kitamura, Yukinobu & Suto, Megumi & Teranishi, Juro, 2002. "Reflections on New Financial System in Japan: Participation Costs, Wealth Distribution,and Security Market-Based Intermediation," CEI Working Paper Series 2001-25, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.

    More about this item

    JEL classification:

    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions

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