Do the Rich Save More in Japan? Evidence Based on two Micro Data Sets for the 2000s

Masahiro Hori, Koichiro Iwamoto, Takeshi Niizeki, Fumihiko Suga

Research output: Contribution to journalArticlepeer-review

Abstract

Using two household surveys, this paper investigates whether the saving rates of richer households are higher than those of poorer households in Japan. We construct a number of proxies for lifetime wealth, including those original to this study, and find marginally positive correlations between saving rates and lifetime wealth for working age households. We further find that the relationship between saving rates and lifetime wealth differs depending on the life stage of individual households. Older households with higher lifetime wealth appear to be dissaving to some extent, which is more or less consistent with the lifecycle model of consumption.

Original languageEnglish
Pages (from-to)474-494
Number of pages21
JournalJapanese Economic Review
Volume67
Issue number4
DOIs
Publication statusPublished - Dec 1 2016

All Science Journal Classification (ASJC) codes

  • Economics and Econometrics

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