Japan's Household Savings Rate : An Application of the Life-Cycle Hypothesis.
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 e...
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| Format: | Journal |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
1987.
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| Series: | IMF Working Papers; Working Paper ;
No. 1987/015 |
| Online Access: | Full text available on IMF |