JaLCDOI 10.18926/OER/54165
Title Alternative Estimation of Saving Rates by Age Group in Japan Using National Survey of Family Income and Expenditure
FullText URL oer_047_3_155_172.pdf
Author Tsuri, Masao|
Abstract Alternative This paper estimates saving rates by age group in case of Japan using National Survey of Family Income and Expenditure(NSFIE). NSFIE is a large scale survey with sample size of about 56,400 households, though it is done once in five years. We usually have saving rates of households, but those of individual are needed to investigate the effects of the decreasing birthrate and aging population on the average saving rates of macroeconomic level. This paper uses data of number of people of younger than 18 years-old, and older than or equal to 65 years-old, then estimates the saving rates by age group in the years of 1989, 1994, 1999, 2004, 2009, and 2014. Some assumptions of transfers of income within a household are set. The results show appropriate patterns of saving rates for age group, which are consistent to the life-cycle hypothesis. These patterns are also stable through years.
Keywords Saving rates Disposal income Consumption expenditure Decreasing birthrate Aging population
Publication Title 岡山大学経済学会雑誌
Published Date 2016-03-19
Volume volume47
Issue issue3
Start Page 155
End Page 172
ISSN 0386-3069
Related Url http://www.e.okayama-u.ac.jp/gakkai/
language 日本語
Copyright Holders Copyright © 2016 岡山大学経済学会
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NAID 120005740503