Trends and Determinants of Japanese Saving Rates
We project the future trends of the japanese saving rates with special emphasis on an analysis of the consumption and saving behavior of the household sector. Notable feature of our modeling is that savings are divided into financial and real savings components. This approach is useful since the motivations for savings depends on what life stage the household stands and each motivati9on is realized as a special form of savings. In particular we can incorporate the change in the age structure of the popualtion into our specification.
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|Date of creation:||1998|
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