Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/92880
Authors: 
Horioka, Charles Yuji
Year of Publication: 
2009
Series/Report no.: 
ISER Discussion Paper, Institute of Social and Economic Research, Osaka University 763
Abstract: 
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, virtually 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 least at advanced ages. Moreover, there has been a sharp increase in the dissaving of the retired aged since 2000, with the increase being due primarily to reductions in social security benefits, increases in consumption expenditures, and increases in taxes and social insurance premiums. These findings are consistent with the life-cycle model and suggest that this model is highly applicable (and becoming increasingly applicable over time) in the case of Japan.
Subjects: 
age structure of the population
aged
aging
consumption
dissaving
elderly
households
Japan
life-cycle model
life-cycle hypothesis
retirement
saving
saving rate
JEL: 
D12
D91
E21
Document Type: 
Working Paper

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