Are Americans More Altruistic than the Japanese? A U.S.-Japan Comparison of Saving and Bequest Motives

46 Pages Posted: 5 May 2000 Last revised: 1 Apr 2001

See all articles by Charles Yuji Horioka

Charles Yuji Horioka

Asian Growth Research Institute; National Bureau of Economic Research (NBER); Osaka University - Institute of Social and Economic Research (ISER)

Hideki Fujisaki

Daiwa Securities SB Capital Markets Co. Ltd.

Wako Watanabe

Osaka University - Institute of Social and Economic Research (ISER)

Takatsugu Kouno

Government of Japan - Ministry of Posts and Telecommunications

Date Written: January 2000

Abstract

In this paper, we analyze a variety of data on saving motives, bequest motives, and bequest division from the Comparative Survey of Savings in Japan and the United States,' a binational survey conducted in 1996 by the Institute for Posts and Telecommunications Policy of the Ministry of Posts and Telecommunications of the Government of Japan, in order to shed light on which model of household behavior applies in the two countries. We find (1) that the selfish life cycle model is the dominant model of household behavior in both countries but that it is far more applicable in Japan than it is in the U.S., (2) that the altruism model is far more applicable in the U.S. than it is in Japan but that it is not the dominant model of household behavior in either country, and (3) that the dynasty model is more applicable in Japan than it is in the U.S. bu that it is of only limited applicability even in Japan.

Suggested Citation

Horioka, Charles Yuji and Fujisaki, Hideki and Watanabe, Wako and Kouno, Takatsugu, Are Americans More Altruistic than the Japanese? A U.S.-Japan Comparison of Saving and Bequest Motives (January 2000). NBER Working Paper No. w7463. Available at SSRN: https://ssrn.com/abstract=213473

Charles Yuji Horioka (Contact Author)

Asian Growth Research Institute ( email )

11-4, Ohtemachi, Kokurakita-ku
Kitakyushu, Fukuoka 803-0814
Japan

HOME PAGE: http://www.agi.or.jp

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Osaka University - Institute of Social and Economic Research (ISER) ( email )

6-1 Mihogaoka
Ibaraki, Osaka 567-0047
Japan

Hideki Fujisaki

Daiwa Securities SB Capital Markets Co. Ltd.

5-7-8-302
Seta
Setaagaya-Ku, Tokyo 158-
Japan

Wako Watanabe

Osaka University - Institute of Social and Economic Research (ISER) ( email )

6-1 Mihogaoka
Ibaraki, Osaka 567-0047
Japan

Takatsugu Kouno

Government of Japan - Ministry of Posts and Telecommunications

1-6-19, Azabudai
Minato-ku, Tokyo 106-0041
Japan

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