Working Paper: NBER ID: w12351
Authors: Charles Yuji Horioka
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, 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 very advanced ages. These findings are consistent with the life cycle model and suggest that this model is highly applicable in the case of Japan.
Keywords: No keywords provided
JEL Codes: D12; D91; E21
Edges that are evidenced by causal inference methods are in orange, and the rest are in light blue.
| Cause | Effect |
|---|---|
| retirement status (J26) | saving behavior (D14) |
| age (J14) | saving behavior (D14) |
| retirement status (J26) | dissaving (E21) |
| age (over 70) (J14) | dissaving (E21) |