Estimating the Size of Bequests in Japan: 1986-1994
In this paper, we present a simple method for estimating the amount and the size of bequests, which is applicable to other countries as well, because it needs only four different kinds of published aggregate data. We estimate the amount of bequests in Japan for 1986, 1988, 1989, 1990, 1992 and 1994 - the period of the Japanese bubble economy and the subsequent recession. Bequests, however, have continued to increase with ageing population from 40 to 60 per cent of net household assets and 30 to 40 per cent of national wealth even in the current recession. Our study confirms the Importance of bequest, even although only one in four Japanese has an intended bequest motive. [D39, E21, H31]
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 16 (2002)
Issue (Month): 3 ()
|Contact details of provider:|| Web page: http://www.tandfonline.com/RIEJ20|
|Order Information:||Web: http://www.tandfonline.com/pricing/journal/RIEJ20|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Laurence J. Kotlikoff, 1987.
"Intergenerational Transfers and Savings,"
NBER Working Papers
2237, National Bureau of Economic Research, Inc.
- Tachibanaki, Toshiaki & Shimono, Keiko, 1991. "Wealth accumulation process by income class," Journal of the Japanese and International Economies, Elsevier, vol. 5(3), pages 239-260, September.
- Pestieau, Pierre & Possen, Uri M, 1979. "A Model of Wealth Distribution," Econometrica, Econometric Society, vol. 47(3), pages 761-72, May.
- Dekle, Robert, 1989. "The unimportance of intergenerational transfers in Japan," Japan and the World Economy, Elsevier, vol. 1(4), pages 403-413, November.
- Kotlikoff, Laurence J & Summers, Lawrence H, 1981.
"The Role of Intergenerational Transfers in Aggregate Capital Accumulation,"
Journal of Political Economy,
University of Chicago Press, vol. 89(4), pages 706-32, August.
- Laurence J. Kotlikoff & Lawrence H. Summers, 1980. "The Role of Intergenerational Transfers in Aggregate Capital Accumulation," NBER Working Papers 0445, National Bureau of Economic Research, Inc.
- Tachibanaki, Toshiaki & Shimono, Keiko, 1986. "Saving and the life-cycle : A Cohort analysis," Journal of Public Economics, Elsevier, vol. 31(1), pages 1-24, October.
- Thomas A. Barthold & Takatoshi Ito, 1992.
"Bequest Taxes and Accumulation of Household Wealth: U.S.-Japan Comparison,"
in: The Political Economy of Tax Reform, NBER-EASE Volume 1, pages 235-292
National Bureau of Economic Research, Inc.
- Thomas A. Barthold & Takatoshi Ito, 1991. "Bequest Taxes and Accumulation of Household Wealth: U.S. - Japan Comparison," NBER Working Papers 3692, National Bureau of Economic Research, Inc.
- Thomas A. Barthold & Takatoshi Ito, 1991. "Bequest Taxes and Accumulation of Household Wealth: U.S.-Japan Comparison," Discussion Paper Series a233, Institute of Economic Research, Hitotsubashi University.
- Alessie, Rob & Lusardi, Annamaria & Kapteyn, Arie, 1999. "Saving after retirement: evidence from three different surveys," Labour Economics, Elsevier, vol. 6(2), pages 277-310, June.
- Fumio Hayashi, 1989. "Is Japan's saving rate high?," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Spr, pages 3-9.
- Horioka, C.Y. & Watanabe, W., 1996.
"Why Do People Save? A Micro-Analysis of Motives for Household Saving in Japan,"
ISER Discussion Paper
0412, Institute of Social and Economic Research, Osaka University.
- 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 537-52, May.
- Modigliani, Franco, 1988. "The Role of Intergenerational Transfers and Life Cycle Saving in the Accumulation of Wealth," Journal of Economic Perspectives, American Economic Association, vol. 2(2), pages 15-40, Spring.
When requesting a correction, please mention this item's handle: RePEc:taf:intecj:v:16:y:2002:i:3:p:1-21. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.