IDEAS home Printed from https://ideas.repec.org/a/hit/ecorev/v68y2017i3p222-236.html
   My bibliography  Save this article

Can Population Aging Explain the Decline of Savings Rate in Japan?

Author

Listed:
  • Unayama, Takashi
  • Ohno, Taro

Abstract

We have constructed household savings rate data that are consistent with the macro data, or National Accounts, yet are based on the micro data of the National Survey of Family Income and Expenditure （NSFIE）. Unlike the official NSFIE data, we calculate the savings rate for all households including the self-employed. In addition, on the consumption side, we address the underreporting problem in large expenditures such as durables, which has been pointed out by previous studies, by exploiting information from the Survey of Household Economy. According to the data constructed here, the decreasing trend in the savings rate can hardly be explained by the aging population alone, although the life-cycle hypothesis predicts that aging should be the main cause of the lower savings rate.

Suggested Citation

  • Unayama, Takashi & Ohno, Taro, 2017. "Can Population Aging Explain the Decline of Savings Rate in Japan?," Economic Review, Hitotsubashi University, vol. 68(3), pages 222-236, July.
    • Handle: RePEc:hit:ecorev:v:68:y:2017:i:3:p:222-236
    DOI: 10.15057/28699
    as

    Download full text from publisher

    File URL: https://hermes-ir.lib.hit-u.ac.jp/hermes/ir/re/28699/keizaikenkyu06803222.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.15057/28699?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    JEL classification:

    • C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hit:ecorev:v:68:y:2017:i:3:p:222-236. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Digital Resources Section, Hitotsubashi University Library (email available below). General contact details of provider: https://edirc.repec.org/data/iehitjp.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.