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Author: Yoko Niimi Publisher: 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.
Author: Yoko Niimi Publisher: 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.
Author: David W. Campbell Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
This paper is a critique of the literature on transfer wealth accumulation in Japan during the postwar period. The emphasis is on selected works in two areas that are closely related: the accumulation of wealth by the elderly in extended families in Japan, and the distribution of wealth within Japanese cohorts by household composition. The central point of contention is what relationship, if any, exists between the age of the elderly in extended families and the accumulation or decumulating of wealth Ando concludes that increasing age positively correlates with decumulating wealth. In contrast, a subsequent paper by Hayashi, Ando, and Ferris asserts that the elderly in families are actually accumulating wealth. However, neither conclusion is supported by existing empirical data since the authors fail to account for the joint effect of wealth between young people and the elderly in extended families-the wealth of the young may interact with the wealth of the elderly. The current literature, in addition to relying on invalid conclusions of a relationship between the elderly in extended families and wealth, is plagued by insufficient empirical evidence (e.g. failure to demonstrate a link between wealth and present income, making broad assumptions about transfer of wealth from parents to children, etc.). In sum, the existing research has not yet demonstrated that the elderly in extended families in recent years have been accumulating or decumulating assets, also there is no evidence (contrary to popular belief) of a relationship between household composition and the wealth.
Author: Michael D. Hurd Publisher: University of Chicago Press ISBN: 0226361020 Category : Social Science Languages : en Pages : 376
Book Description
Due to falling fertility rates, the aging of the baby-boom cohort, and increases in life expectancy, the percentage of the population that is elderly is expected to increase rapidly in the United States and Japan over the next two decades. These fourteen essays show that, despite differences in culture and social and government structure, population aging will have many similar macro and micro effects on the economic status and behavior of the elderly in both countries. The most obvious effects will be on social programs such as public pension systems and the provision for medical needs of the elderly. But, the contributors demonstrate, aging will also affect markets for labor, capital, housing, and health care services. It will affect firms through their participation in the demand side of the labor market and through their provisions for pensions. And aging will influence saving rates, the rate of return on assets, the balance of payments, and, most likely, economic growth. This volume will interest scholars and policy makers concerned with the economics of aging.
Author: Olivia Mitchell Publisher: Oxford University Press, USA ISBN: 0198867522 Category : Business & Economics Languages : en Pages : 305
Book Description
Around the world, people nearing and entering retirement are holding ever-greater levels of debt. This volume explores key aspects of the rise in debt across older cohorts, drills down into the types of debt and reasons for debt incurred, and reviews policies to remedy some of the financial problems facing older persons, in the US and elsewhere.
Author: Noriyuki Takayama Publisher: 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.
Author: Kshipra Jain Publisher: Taylor & Francis ISBN: 1000879860 Category : Business & Economics Languages : en Pages : 211
Book Description
This book weaves together current understanding around financial literacy and ageing, arguing for the relevance of financial literacy for old age security. Building upon on the experiences of ten developing Asian economies with a focus on India, the book enters new territory by developing frameworks that identify predictors of financial literacy and a mechanism for its internalization, as well as recognising the need for specialized training programs for the older population in order to establish a link between financial literacy and old age security. It thus makes a case about the centrality of financial literacy in creating an environment conducive to a dignified ageing experience in this world of shouldering one’s own responsibility. Going forward, the book comprehends financial literacy for India as a skill which enables an individual to decide the suitable avenues to invest savings, utilize monetary resources and shape financial decisions aligned with their financial goals, in accordance with the dynamic financial & economic environment. This original volume is a first-time attempt to provide an in-depth account of financial literacy and its association with savings behavior, old age planning, wealth accumulation, healthcare and wellbeing in older age. It also provides a detailed account of various measurement tools used and policy initiatives undertaken across the globe for financial literacy. It is an indispensable reference guide for scholars and researchers, cutting across multiple disciplines particularly financial and development economics, gerontology, demography, social work, psychology and public policy.
Author: Terry Wu Publisher: Springer Nature ISBN: 3030876217 Category : Business & Economics Languages : en Pages : 350
Book Description
The Asia-Pacific region, sustaining more than four decades of rapid growth, has emerged as an economic force comparable in significance to Europe and North America. This book examines the economic, geopolitical, technological, demographic, and cultural forces that shape the international business strategies in the Asia-Pacific region. Specifically, it examines the seismic shifts in global business environment since the new century, and addresses emerging opportunities and threats in the Asia-Pacific region. This book offers new insights for international business in areas such as trade policy, supply chains, international investment, technological innovation, international marketing, digital economy, and human resources. The enclosed comprehensive and diverse analyses of the international business landscape in the New Asia are invaluable to scholars, managers, politicians, and policy makers alike. This book is engaging and informative. It presents a collection of diverse and cutting-edge topics that offer new insights into International Business activities in the Asia-Pacific region, raising questions for debate and opening pathways for future research. A must-read book for International Business scholars.— Hussain G. Rammal, University of Technology Sydney, Australia This book offers a comprehensive introduction to the general business environment in Asia. It highlights the complexities and dynamics of doing business in Asia and provides insightful understandings of emerging issues in the region. The chapter-by-chapter analyses of the region depict the rich thematic contexts in which key issues and challenges facing corporate executives as well scholars in international business. I believe that this book is valuable for students of international business, global business environment and regional studies. —Hongxin Zhao, Saint Louis University, USA
Author: Stylidis, Dimitrios Publisher: CABI ISBN: 1800622147 Category : Travel Languages : en Pages : 238
Book Description
Despite the increased research interest in tourism in Asia, most research has focused on the key destinations (China, Macau, Hong Kong, Thailand), while neglecting other destinations which are less well explored. Little is known about the marketing efforts and practices, along with the successes and challenges, countries in the East and Southeast Asia have been experiencing. This book aims to address this oversight by exploring the marketing approaches, techniques and tools used by various countries in the region both collectively and individually to manage their tourism offerings and position them in the global tourism market: China, Hong Kong, Indonesia, Japan, Korea, Macau, Mongolia, Myanmar, Vietnam. The book will be of interest to tourism marketing researchers, practitioners, academics, undergraduate and postgraduate students who will find these insightful contemporary case studies useful in the classroom.
Author: OECD Publisher: OECD Publishing ISBN: 9264481001 Category : Languages : en Pages : 236
Book Description
The 2023 edition of Pensions at a Glance highlights the pension reforms undertaken by OECD countries over the last two years. It includes a special chapter focusing on pension provisions for hazardous or arduous work.
Author: Yoko Niimi
Author: Yoko Niimi
Author: David W. Campbell
Author: Michael D. Hurd
Author: Olivia Mitchell
Author: Noriyuki Takayama
Author: Kshipra Jain
Author: Terry Wu
Author: Stylidis, Dimitrios
Author: OECD
Author: David A. Wise