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Household Saving in Japan: The Past, Present, and Future
https://agi.repo.nii.ac.jp/records/2000144
https://agi.repo.nii.ac.jp/records/2000144abc37720-815a-42f8-86b8-4c81c14be980
名前 / ファイル | ライセンス | アクション |
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WP2024-22.pdf (335 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 | 2024-11-14 | |||||
タイトル | ||||||
タイトル | Household Saving in Japan: The Past, Present, and Future | |||||
言語 | en | |||||
言語 | ||||||
言語 | eng | |||||
キーワード | ||||||
言語 | en | |||||
主題Scheme | Other | |||||
主題 | age structure of the population | |||||
キーワード | ||||||
言語 | en | |||||
主題Scheme | Other | |||||
主題 | household consumption | |||||
キーワード | ||||||
言語 | en | |||||
主題Scheme | Other | |||||
主題 | household saving | |||||
キーワード | ||||||
言語 | en | |||||
主題Scheme | Other | |||||
主題 | Japanese economy | |||||
キーワード | ||||||
言語 | en | |||||
主題Scheme | Other | |||||
主題 | life-cycle hypothesis | |||||
キーワード | ||||||
言語 | en | |||||
主題Scheme | Other | |||||
主題 | population ageing | |||||
キーワード | ||||||
言語 | en | |||||
主題Scheme | Other | |||||
主題 | public pensions | |||||
キーワード | ||||||
言語 | en | |||||
主題Scheme | Other | |||||
主題 | saving promotion | |||||
キーワード | ||||||
言語 | en | |||||
主題Scheme | Other | |||||
主題 | social safety nets | |||||
キーワード | ||||||
言語 | en | |||||
主題Scheme | Other | |||||
主題 | wealth accumulation | |||||
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 |
ホリオカ, チャールズ・ユウジ
× 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 | The primary objective of this paper is to explore the determinants of the level of, and trends over time in, Japan’s household saving rate, with emphasis on the impact of the age structure of the population, and to make projections about future trends therein. The paper finds that Japan’s household saving rate has not always been high either absolutely or relative to other countries, contrary to popular belief, and that, if we confine ourselves to the postwar period, it was only during the 25-year period from 1961 to 1986 that it exceeded 15%. Past and future trends in Japan’s household saving rate can largely be explained by changes in the age structure of her population, but declines in the saving rate of retired elderly households is a more important explanation for the recent decline in the household saving rate. However, it is likely that other factors such as the unavailability of consumer credit, the unavailability of social safety nets, high rates of economic (income) growth, tax breaks for saving, saving promotion policies, and high and rising land and housing prices are also partial explanations for why Japan’s aggregate household saving rate was so high during the 1961-86 period and why it declined so much subsequently. As for future trends in Japan’s aggregate household saving rate, it is likely to fall even further though not necessarily at a rapid rate. | |||||
言語 | en | |||||
書誌情報 |
巻 2024-22, p. 1-30 |
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JEL分類コード | ||||||
言語 | en | |||||
主題Scheme | Other | |||||
主題 | JEL Classification: D10, D11, D12, D14, D15, D64, E21, H55, J14, J26 |