Do the Elderly Dissave in Japan?

16 Pages Posted: 15 Jun 2004

See all articles by Charles Yuji Horioka

Charles Yuji Horioka

Kobe University; National Bureau of Economic Research; Asian Growth Research Institute; Osaka University

Date Written: June 2004

Abstract

In this paper, I summarize Albert Ando's seminal and ingenious work on the saving behavior of the elderly in Japan and then present some pertinent data and evidence that became available only after Ando did his work in this area. I conclude that the retired elderly in Japan dissave, in accordance with the life cycle hypothesis of saving, and that all of the available data and evidence suggest that the life cycle hypothesis of saving is highly applicable in the case of Japan.

Keywords: Saving, dissaving, Japan, households, elderly, aged, life cycle hypothesis

JEL Classification: D12, D19, E21, J14

Suggested Citation

Horioka, Charles Yuji, Do the Elderly Dissave in Japan? (June 2004). Available at SSRN: https://ssrn.com/abstract=556301 or http://dx.doi.org/10.2139/ssrn.556301

Charles Yuji Horioka (Contact Author)

Kobe University ( email )

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Japan
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HOME PAGE: http://www.rieb.kobe-u.ac.jp

National Bureau of Economic Research ( email )

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Cambridge, MA 02138
United States

HOME PAGE: http://www.rieb.kobe-u.ac.jp

Asian Growth Research Institute ( email )

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Japan

HOME PAGE: http://www.iser.osaka-u.ac.jp

Osaka University ( email )

6-1, Mihogaoka
Suita, Osaka 567-0047
Japan

HOME PAGE: http://www.rieb.kobe-u.ac.jp

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