Author: Fumio OhtakePublisher:
ISBN:
Category :
Languages : en
Pages : 40
Book Description
Bequest Motives of Aged Households in Japan
Author: Fumio OhtakeChanging Age Structures and Bequest Motives in Japanese Saving
Author: Robert DeklePublisher:
ISBN:
Category : Older people
Languages : en
Pages : 194
Book Description
Changing age structures and bequest motives in Japanese saving
Author: Robert Ouchi DekleThe Wealth Decumulation Behavior of the Retired Elderly in Japan
Author: Yoko NiimiPublisher:
ISBN:
Category :
Languages : en
Pages : 39
Book Description
This paper analyzes the determinants of the wealth decumulation behavior of the retired elderly in Japan using unique information from two household surveys, and by so doing, attempts to assess the relative importance of precautionary saving and bequest motives in explaining the lower than expected rates of wealth decumulation of the retired elderly. Taken together, our analyses of these two datasets show that precautionary saving plays a relatively important role in explaining the lower than expected wealth decumulation rate of the retired elderly, at least in the case of Japan, even though both precautionary saving and bequest motives are important drivers behind this puzzle. Our results also suggest the possibility that financial burden of parental care may also affect the wealth decumulation behavior of the retired elderly in Japan. Given that parental care responsibilities tend to arise relatively late in life, often after retirement, in the case of Japan, our results suggest that the financial burden of parental care may be a relevant issue when analyzing the wealth decumulation behavior of the elderly.
The Dissaving of the Aged Revisited
Author: Charles HoriokaPublisher:
ISBN:
Category : Older people
Languages : en
Pages : 40
Book Description
In this paper, I survey the previous literature on the saving behavior of the aged in Japan and then present some survey data on the saving behavior of the aged in Japan that became available recently. To summarize the main findings of this paper, all previous studies as well as the newly available data I analyze find that the retired aged dissave and that even the working aged dissave at very advanced ages. These findings are consistent with the life cycle model and suggest that this model is highly applicable in the case of Japan.
Bequest Taxes and Accumulation of Household Wealth : U.S. - Japan Comparison
Author: Thomas A. BartholdPublisher:
ISBN:
Category : Gifts
Languages : en
Pages : 88
Book Description
The objective of this paper is two-fold. First, we describe and compare the gift and bequest (estate) tax systems in the United States and Japan. Second, we use tax data to estimate the magnitude of intergenerational transfers. The magnitude of intergenerational transfers provides aid in determining how much outstanding wealth is obtained through intergenerational transfers, an issue of current controversy. In both Japan and the United States, a substantial portion of wealth, and especially of land in Japan, is bequeathed from one generation to the next.
The Morning After in Japan
Author: Noriyuki TakayamaPublisher:
ISBN:
Category : Aged
Languages : en
Pages : 290
Book Description
Discusses the impact of an ageing and declining population, coupled with generous pensions, on the economy in general and the economic status of the elderly in particular. Also looks at the labour force participation of the elderly and of women workers. Reviews household saving, bequests and inheritance.
The Political Economy of Tax Reform
Author: Takatoshi ItoPublisher: University of Chicago Press
ISBN: 0226387003
Category : Business & Economics
Languages : en
Pages : 362
Book Description
The rapid emergence of East Asia as an important geopolitical-economic entity has been one of the most visible and striking changes in the international economy in recent years. With that emergence has come an increased need for understanding the problems of interdependence. As a step toward meeting this need, the National Bureau of Economic Research joined with the Korea Development Institute to sponsor this volume, which focuses on the complexities of tax reform in a global economy. Experts from Taiwan, Korea, the Philippines, Japan, and Thailand, as well as the United States, Canada, and Israel examine the major tax programs of the 1980s and their domestic and international economic effects. The analyses reveal similarities between the United States and countries in East Asia in political constraints on policy making, and taken together they show how growing interdependence interacts with domestic economic and political concerns to affect issues as politically vital as tax reform. Economists, policymakers, and members of the business community will benefit from these studies.
Demographic Change and the Family in Japan's Aging Society
Author: John W. TraphaganPublisher: SUNY Press
ISBN: 9780791456491
Category : Social Science
Languages : en
Pages : 264
Book Description
A demographic and ethnographic exploration of how the aging Japanese society is affecting the family.
Understanding Japanese Savings
Author: Robert DeklePublisher: Routledge
ISBN: 1134793138
Category : Business & Economics
Languages : en
Pages : 99
Book Description
Japan's savings are among the highest in the world, and these high rates have played a valuable role throughout the post-war period. However, over the next several decades, Japan's population will be ageing rapidly. Will this lower Japanese savings rates? Using up-to-date financial and demographical data, author Robert Dekle finds that the answer to this question is an emphatic 'yes'. Understanding Japanese Saving holds key lessons for Western nations undergoing similar demographic transformations as well as developing countries looking to establish public savings institutions.