The saving rate in Japan: Why it has fallen and why it will remain low

R. Braun, Daisuke Ikeda and Douglas H. Joines
Additional contact information
Douglas H. Joines: University of Southern California

No CARF-F-117, CARF F-Series from Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo

Abstract: During the 1990s, Japan began experiencing demographicchanges that are larger and more rapid than in other OECD countries.These demographic changes will become even more pronouncedin future years. We are interested in understanding the role of lowerfertility rates and aging for the evolution of Japan’s saving rate. Weuse a computable general equilibrium model to analyze the responseof the national saving rate to changes in demographics and total factorproductivity. In our model aging accounts for 2 to 3 percentage points.

Pages: 55
Date: 2008-01
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Citations: View citations in EconPapers (2)

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http://www.carf.e.u-tokyo.ac.jp/old/pdf/workingpaper/fseries/119.pdf (application/pdf)

Related works:
Journal Article: THE SAVING RATE IN JAPAN: WHY IT HAS FALLEN AND WHY IT WILL REMAIN LOW (2009)
Working Paper: The Saving Rate in Japan: Why It Has Fallen and Why It Will Remain Low (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:cfi:fseres:cf117

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