Japan's Household Savings Rate : An Application of the Life-Cycle Hypothesis

An Application of the Life-Cycle Hypothesis

Nopic
This paper develops and tests a model of Japan's household savings rate, based on the life-cycle hypothesis that the primary motive for savings is provision for retirement. The paper shows that Japan's high household savings rate in recent decades reflects the positive influence of rapid economic growth, leading to a prolonged retirement period... READ MORE...

Publication date: January 1987
ISBN 9781451923476
$10.00

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