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Why the saving rate has been falling in Japan

Yoshiaki Azuma and Takeo Nakao

MPRA Paper from University Library of Munich, Germany

Abstract: The paper estimates Japan's household saving rate function for the 1958−1998 period. We find that the contribution of the increase in net financial assets to the fall of the saving rate varies directly with the amount of assets. This has overwhelmed other factors and has caused the saving rate to fall since 1976.

Keywords: Japan's household saving rate; income and financial assets; aging of population; cointegration analysis (search for similar items in EconPapers)
JEL-codes: C22 E21 (search for similar items in EconPapers)
Date: 2009-01
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Published in Doshisha University World Wide Business Review 10.2(2009): pp. 56-65

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