Are the Japanese Selfish, Altruistic or Dynastic?

29 Pages Posted: 12 Dec 2002

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)

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Abstract

I analyse a variety of evidence for Japan and, where available, for the United States on bequest practices, the importance and nature of bequest motives, bequest division, the willingness of individuals to help others, etc., in order to shed light on which model of household behaviour applies in the two countries. My results suggest that the selfish lifecycle model is the dominant model of household behaviour in both countries but that it is far more applicable in Japan; that the dynasty model is also more applicable in Japan but is not of dominant importance even there; and, conversely, that the altruism model is far more applicable in the USA.

JEL Classification: D12, D64, D91, E21

Suggested Citation

Horioka, Charles Yuji, Are the Japanese Selfish, Altruistic or Dynastic?. Japanese Economic Review, Vol. 53, pp. 26-54, 2002. Available at SSRN: https://ssrn.com/abstract=309134

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

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