Younger Households Saving: Evidence from Japan and Italy
26 Pages Posted: 11 Feb 2001 Last revised: 3 Apr 2022
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: Suggested Citation
Ando, Albert and Guiso, Luigi 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
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