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The Wealth Decumulation Behavior of the Retired Elderly in Japan: The Relative Importance of Precautionary Saving and Bequest Motives
https://agi.repo.nii.ac.jp/records/169
https://agi.repo.nii.ac.jp/records/169d46b6c91-e6ac-4a50-98b8-ce70a99239fa
名前 / ファイル | ライセンス | アクション |
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WP2018-08 (589.3 kB)
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Item type | ワーキングペーパー/Working Paper(1) | |||||
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公開日 | 2018-10-12 | |||||
タイトル | ||||||
タイトル | The Wealth Decumulation Behavior of the Retired Elderly in Japan: The Relative Importance of Precautionary Saving and Bequest Motives | |||||
言語 | en | |||||
言語 | ||||||
言語 | eng | |||||
キーワード | ||||||
言語 | en | |||||
主題Scheme | Other | |||||
主題 | Aged | |||||
キーワード | ||||||
言語 | en | |||||
主題Scheme | Other | |||||
主題 | bequests | |||||
キーワード | ||||||
言語 | en | |||||
主題Scheme | Other | |||||
主題 | dissaving | |||||
キーワード | ||||||
言語 | en | |||||
主題Scheme | Other | |||||
主題 | Japan | |||||
キーワード | ||||||
言語 | en | |||||
主題Scheme | Other | |||||
主題 | life-cycle model | |||||
キーワード | ||||||
言語 | en | |||||
主題Scheme | Other | |||||
主題 | precautionary saving | |||||
キーワード | ||||||
言語 | en | |||||
主題Scheme | Other | |||||
主題 | retired elderly | |||||
キーワード | ||||||
言語 | en | |||||
主題Scheme | Other | |||||
主題 | saving | |||||
キーワード | ||||||
言語 | en | |||||
主題Scheme | Other | |||||
主題 | wealth decumulation | |||||
資源タイプ | ||||||
資源タイプ識別子 | http://purl.org/coar/resource_type/c_8042 | |||||
資源タイプ | working paper | |||||
著者 |
新見, 陽子
× 新見, 陽子× ホリオカ, チャールズ・ユウジ |
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抄録 | ||||||
内容記述タイプ | Abstract | |||||
内容記述 | This paper analyzes the determinants of the wealth decumulation behavior of the retired elderly in Japan using unique information from two household surveys, and by so doing, attempts to assess the relative importance of precautionary saving and bequest motives in explaining the lower than expected rates of wealth decumulation of the retired elderly. Taken together, our analyses of these two datasets show that precautionary saving plays a relatively important role in explaining the lower than expected wealth decumulation rate of the retired elderly, at least in the case of Japan, even though both precautionary saving and bequest motives are important drivers behind this puzzle. Our results also suggest the possibility that financial burden of parental care may also affect the wealth decumulation behavior of the retired elderly in Japan. Given that parental care responsibilities tend to arise relatively late in life, often after retirement, in the case of Japan, our results suggest that the financial burden of parental care may be a relevant issue when analyzing the wealth decumulation behavior of the elderly. | |||||
言語 | en | |||||
書誌情報 |
en : AGI Working Paper Series 巻 2018-08, p. 1-36, 発行日 2018-10 |
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著者版フラグ | ||||||
出版タイプ | NA | |||||
出版タイプResource | http://purl.org/coar/version/c_be7fb7dd8ff6fe43 | |||||
JEL分類コード | ||||||
主題Scheme | Other | |||||
主題 | JEL classification: D14, D15, D64, E21, J14 |