Why Do People Save? A Micro-Analysis of Motives for Household Saving in Japan

Charles Yuji Horioka () and Wako Watanabe ()

Working Papers from Osaka - Institute of Social and Economic Research

Abstract: This paper estimates the contribution of net saving for each of twelve motives to overall household saving in Japan using micro data from Japanese Government survey and finds that the net saving for the retirement and precautionary motives, both of which are consistent with the life-cycle model, are of dominant importance. It also finds that the saving motives of Japanese households vary greatly by age and that they save at each life stage for motives that are appropriate for that life stage.

Keywords: HOUSEHOLD; LIFE CYCLE; SAVINGS (search for similar items in EconPapers)
JEL-codes: D12 D91 E21 (search for similar items in EconPapers)
Date: 1996
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Journal Article: Why Do People Save? A Micro-Analysis of Motives for Household Saving in Japan (1997)
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Persistent link: http://EconPapers.repec.org/RePEc:fth:osakae:412

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