01722cas a2200241 a 4500 AALejournalIMF010133 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451923476 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. Japan's Household Savings Rate : An Application of the Life-Cycle Hypothesis. Washington, D.C. : International Monetary Fund, 1987. 1 online resource (38 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper develops and tests a model of Japan's household savings rate, based on the life-cycle hypothesis that the primary motive for savings is provision for retirement. The paper shows that Japan's high household savings rate in recent decades reflects the positive influence of rapid economic growth, leading to a prolonged retirement period through the wealth and life-expectancy effects of an income change, which has initially outweighed the negative combined influence of improvements in public pension benefits and the aging of the population. It projects that the savings rate will decline substantially in coming decades as the negative influence accelerates. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1987/015 Full text available on IMF http://elibrary.imf.org/view/journals/001/1987/015/001.1987.issue-015-en.xml IMF e-Library