search query: @indexterm Household economics / total: 243
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| Author: | |
| Title: | Do the aged dissave in Japan? : evidence from micro data |
| Journal: | Journal of the Japanese and International Economies
1996 : SEP, VOL. 10:3, p. 295-311 |
| Index terms: | AGEING SAVINGS HOUSEHOLD ECONOMICS JAPAN |
| Language: | eng |
| Abstract: | In this paper, the authors analyze the saving behavior of the aged in Japan using household-level data from a 1992 survey conducted by the Ministry of Posts and Telecommunications. The find that (1) although the employed aged continue to save, the retired aged are dissaving, on average, (2) that 60 percent of the aged in Japan have either a selfish bequest motive or no bequest motive at all, and (3) that the presence of a selfish bequest motive affects the behavior of both the retired aged and their children in the expected ways. All of these findings are fully consistent with the life cycle model. |
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