Household savings in Japan revisited
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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