Household Saving Rate: Impact of Retirement Plan Participation

Mohamed Abdel-Ghany, Deanna L. Sharpe and Hisayo Shima

Chapter 6 in Economic, Industrial and Managerial Coordination between Japan and the USA, 1992, pp 167-184 from Palgrave Macmillan

Abstract: Abstract Over the past two decades, the Japanese national saving rate on average exceeded the US national saving rate. Although the focus has been on the fall in the public saving rate of the US and its contribution to the widening of the trade deficit, household saving contributed equally to the fall in national saving rate (Bovenberg, 1990). In the 1970s household saving represented more than 20 per cent of Japanese disposable household income, whereas it represented less than 10 per cent of American disposable household income. In the 1980s the saving rates in Japan and the US followed a downward trend as is indicated in Table 6.1.

Keywords: Social Security; Total Asset; Saving Rate; Financial Asset; Pension Plan (search for similar items in EconPapers)
Date: 1992
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-22445-6_7

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DOI: 10.1007/978-1-349-22445-6_7

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