Younger Households Saving: Evidence from Japan and Italy

26 Pages Posted: 11 Feb 2001 Last revised: 30 Jan 2021

See all articles by Albert Ando

Albert Ando

University of Pennsylvania and NBER (Deceased)

Luigi Guiso

Einaudi Institute for Economics and Finance (EIEF)

Daniele Terlizzese

Bank of Italy

Daniel Dorsainvil

University of Pennsylvania

Date Written: October 1991

Abstract

Both young and old consumers appear to dissave too little for their behaviour to be consistent with a strict life cycle model. We concentrate on young households and document their behaviour drawing from Italian and Japanese data. We also provide a theoretical set-up which can account for the observed fact without relying on assumptions about the working of credit markets or the degree of foresight of consumers.

Suggested Citation

Ando, Albert and Guiso, Luigi and Terlizzese, Daniele and Dorsainvil, Daniel, Younger Households Saving: Evidence from Japan and Italy (October 1991). NBER Working Paper No. w3871, Available at SSRN: https://ssrn.com/abstract=259419

Albert Ando

University of Pennsylvania and NBER (Deceased)

N/A

Luigi Guiso (Contact Author)

Einaudi Institute for Economics and Finance (EIEF) ( email )

Via Sallustiana 62
Rome, 00187
Italy
+39 06 4792 4858 (Phone)
+39 06 4792 4872 (Fax)

HOME PAGE: http://www.eief.it/faculty-visitors/faculty-a-z/luigi-guiso/

Daniele Terlizzese

Bank of Italy ( email )

Via Nazionale 91
Rome, 00184
Italy

Daniel Dorsainvil

University of Pennsylvania

Philadelphia, PA 19104
United States

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