Do the Rich Save More in Japan? Evidence Based on two Micro Data Sets for the 2000s

Masahiro Hori, Koichiro Iwamoto, Takeshi Niizeki and Fumihiko Suga
Additional contact information
Koichiro Iwamoto: Cabinet Office
Takeshi Niizeki: Cabinet Office
Fumihiko Suga: Cabinet Office

The Japanese Economic Review, 2016, vol. 67, issue 4, No 5, 474-494

Abstract: Abstract 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.

Keywords: D12; D91 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (4)

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Working Paper: Do the Rich Save More in Japan? Evidence Based on Two Micro Datasets for the 2000s (2015)
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DOI: 10.1111/jere.12107

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