The Dissaving of the Aged Revisited: The Case of Japan

Charles Yuji Horioka ()

No 12351, NBER Working Papers from National Bureau of Economic Research, Inc

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.

JEL-codes: D12 D91 E21 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-mac and nep-sea
Date: Written
Note: AG EFG
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Working Paper: The Dissaving of the Aged Revisited: The Case of Japan (2006)
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