Author: David W. Campbell
Publisher:
ISBN:
Category : Saving and investment
Languages : en
Pages : 40
Book Description
Explaining Japan's Saving Rate
Author: David W. Campbell
Publisher:
ISBN:
Category : Saving and investment
Languages : en
Pages : 40
Book Description
Publisher:
ISBN:
Category : Saving and investment
Languages : en
Pages : 40
Book Description
Japan's High Savings Rate Reaffirmed
Japan's Household Savings Rate
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451923473
Category : Business & Economics
Languages : en
Pages : 38
Book Description
This paper develops and tests a model of Japan’s household savings rate, based on the life-cycle hypothesis that the primary motive for savings is provision for retirement. The paper shows that Japan’s high household savings rate in recent decades reflects the positive influence of rapid economic growth, leading to a prolonged retirement period through the wealth and life-expectancy effects of an income change, which has initially outweighed the negative combined influence of improvements in public pension benefits and the aging of the population. It projects that the savings rate will decline substantially in coming decades as the negative influence accelerates.
Publisher: International Monetary Fund
ISBN: 1451923473
Category : Business & Economics
Languages : en
Pages : 38
Book Description
This paper develops and tests a model of Japan’s household savings rate, based on the life-cycle hypothesis that the primary motive for savings is provision for retirement. The paper shows that Japan’s high household savings rate in recent decades reflects the positive influence of rapid economic growth, leading to a prolonged retirement period through the wealth and life-expectancy effects of an income change, which has initially outweighed the negative combined influence of improvements in public pension benefits and the aging of the population. It projects that the savings rate will decline substantially in coming decades as the negative influence accelerates.
Why is Japan's Household Saving Rate So High?
Japan's Saving Rate
The Determinants of Japan's Saving Rate
The Saving Rate in Japan
Author: R. Anton Braun
Publisher:
ISBN:
Category :
Languages : en
Pages : 43
Book Description
This paper quantifies the role of alternative shocks in accounting for the recent declines in the Japanese saving rate and provides some projections about its future course. We consider three distinct sources of variation in the saving rate: changes in fertility rates, changes in survival rates, and changes in technology. The empirical relevance of these factors is explored using a computable dynamic OLG model. Our model successfully explains historical variation in the saving rate and other aggregate variables including the after-tax real interest rate, hours per worker and output. Model projections indicate that the Japanese saving rate will be much lower in future years and will not recover to levels of 15 percent that were seen as recently as 1990.
Publisher:
ISBN:
Category :
Languages : en
Pages : 43
Book Description
This paper quantifies the role of alternative shocks in accounting for the recent declines in the Japanese saving rate and provides some projections about its future course. We consider three distinct sources of variation in the saving rate: changes in fertility rates, changes in survival rates, and changes in technology. The empirical relevance of these factors is explored using a computable dynamic OLG model. Our model successfully explains historical variation in the saving rate and other aggregate variables including the after-tax real interest rate, hours per worker and output. Model projections indicate that the Japanese saving rate will be much lower in future years and will not recover to levels of 15 percent that were seen as recently as 1990.
When Will Japan's Saving Rate Stop Falling?
Saving in Postwar Japan
Author: Tuvia Blumenthal
Publisher: BRILL
ISBN: 1684171660
Category : History
Languages : en
Pages : 132
Book Description
Analyzes the rates and determinants of savings in postwar Japan.
Publisher: BRILL
ISBN: 1684171660
Category : History
Languages : en
Pages : 132
Book Description
Analyzes the rates and determinants of savings in postwar Japan.
The High Japanese Saving Rate
Author: Heidi Hijikata
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 34
Book Description
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 34
Book Description