Explaining Japan's Saving: A Review of Recent Literature

Fumio Hayashi

Monetary and Economic Studies, 1992, vol. 10, issue 2, 63-78

Abstract: This paper reviews recent literature on Japan's saving and identifies the following as key stylized facts: Japan's national saving rate is not as high as commonly supposed, though it was indeed quite high during the high growth era; at the micro level, the accumulation of wealth by Japanese households starts very early in the life-cycle but is not fully consumed but left as bequests; some, but not all, of bequests can be interpreted as late payments to children who provided non-market services to parents; and available evidence does not reject the notion that the bulk of intergenerational transfers are altruistically motivated.

Date: 1992
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.imes.boj.or.jp/research/papers/english/me10-2-3.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ime:imemes:v:10:y:1992:i:2:p:63-78

Access Statistics for this article

More articles in Monetary and Economic Studies from Institute for Monetary and Economic Studies, Bank of Japan Contact information at EDIRC.
Bibliographic data for series maintained by Kinken ().