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

研究成果: Contribution to journalArticle査読

抄録

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.

本文言語英語
ページ(範囲)474-494
ページ数21
ジャーナルJapanese Economic Review
67
4
DOI
出版ステータス出版済み - 12 1 2016

All Science Journal Classification (ASJC) codes

  • Economics and Econometrics

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