Retirement saving in Japan: With emphasis on the impact of social security and retirement payments

被引:7
作者
Wakabayashi, M
机构
[1] Osaka Univ, Grad Sch Econ, Ibaraki, Osaka 5670047, Japan
[2] Osaka Univ, Inst Social & Econ Res, Ibaraki, Osaka 5670047, Japan
关键词
retirement saving; public pension; social security; retirement payments; permanent income; target wealth; life cycle;
D O I
10.1006/jjie.2001.0468
中图分类号
F [经济];
学科分类号
02 ;
摘要
In this paper, we apply Kazuo Sate's target wealth hypothesis to saving for life after retirement and analyze the impact of social security wealth. retirement payments, permanent income, and other factors on people's retirement saving using micro data from the Survey of Social Security and Self Help, which was conducted in 1996 by the Japan Institute of Life Insurance. Our findings provide strong confirmation of the target wealth hypothesis and of the life cycle model and imply that the Japanese take account of their future social security benefits and retirement payments, their permanent income, etc, when saving for life after retirement.
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页码:131 / 159
页数:29
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