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Saving behaviors of Elderly in Japan

Research Project

Project/Area Number 15K03398
Research Category

Grant-in-Aid for Scientific Research (C)

Allocation TypeMulti-year Fund
Section一般
Research Field Economic statistics
Research InstitutionTokyo Metropolitan University

Principal Investigator

Murata Keiko  首都大学東京, 社会科学研究科, 教授 (90526443)

Project Period (FY) 2015-04-01 – 2018-03-31
Project Status Completed (Fiscal Year 2017)
Budget Amount *help
¥3,510,000 (Direct Cost: ¥2,700,000、Indirect Cost: ¥810,000)
Fiscal Year 2017: ¥780,000 (Direct Cost: ¥600,000、Indirect Cost: ¥180,000)
Fiscal Year 2016: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
Fiscal Year 2015: ¥1,560,000 (Direct Cost: ¥1,200,000、Indirect Cost: ¥360,000)
Keywords恒常所得―ライフサイクル仮説 / 遺産動機 / 予備的貯蓄 / 高齢世帯 / 遺産・相続 / 戦略的動機 / 利他的動機 / 日本 / 恒常所得-ライフサイクル仮説 / パネルデータ / 消費・貯蓄 / 資産
Outline of Final Research Achievements

Using micro datasets of household surveys, this research has investigated two economic factors related to current policy issues in Japan. First, using two micro datasets of households, we empirically examine the (dis)saving behavior of the elderly. We find that the pace of dissaving of retired elderly appears to be excessively slow in light of the standard LC/PIH. One likely factor is the desire to leave a bequest. Moreover, retired elderly who intend to have savings for precautionary purposes are not found to dissave more slowly except for those who do not plan to leave a bequest to their children. Second, we examine the intra-family division of bequests and bequest motives. While the patterns of bequest division in Japan look generally consistent with a variety of parental bequest motives proposed in the literature, we find the dynastic and strategic motives is more prominent in primary inheritances, in which the surviving spouse has the opportunity to express his/her intentions.

Report

(4 results)
  • 2017 Annual Research Report   Final Research Report ( PDF )
  • 2016 Research-status Report
  • 2015 Research-status Report
  • Research Products

    (4 results)

All 2018 2017 2016 Other

All Journal Article (2 results) (of which Open Access: 1 results) Presentation (1 results) (of which Int'l Joint Research: 1 results) Remarks (1 results)

  • [Journal Article] Dissaving by the elderly in Japan: Empirical evidence from survey data2018

    • Author(s)
      Keiko Murata
    • Journal Title

      ESRI Discussion Paper Series

      Volume: No.346 Pages: 1-28

    • Related Report
      2017 Annual Research Report
    • Open Access
  • [Journal Article] The Intra-Family Division of Bequests and Bequest Motives: Empirical Evidence from a Survey on Japanese Households2016

    • Author(s)
      Junya Hamaaki, Masahiro Hori and Keiko Murata
    • Journal Title

      ESRI Discussion Paper Series No.333

      Volume: 333

    • Related Report
      2016 Research-status Report
  • [Presentation] Dissaving by the elderly in Japan: Empirical evidence from survey data2017

    • Author(s)
      Keiko Murata
    • Organizer
      The First Annual Meeting of the Society of Economics of the Household
    • Related Report
      2017 Annual Research Report
    • Int'l Joint Research
  • [Remarks] 内閣府経済社会総合研究所

    • URL

      http://www.esri.go.jp/jp/archive/e_dis/e_dis333/e_dis333.pdf

    • Related Report
      2016 Research-status Report

URL: 

Published: 2015-04-16   Modified: 2019-03-29  

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