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Saving Motives over the Life-Cycle
https://doi.org/10.24545/0002000267
https://doi.org/10.24545/0002000267ae638e59-fd3f-4739-aec7-07612ca12d5e
| 名前 / ファイル | ライセンス | アクション |
|---|---|---|
DP25-12.pdf (1.4 MB)
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| Item type | ディスカッションペーパー / Discussion Paper(1) | |||||||||
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| 公開日 | 2026-01-16 | |||||||||
| タイトル | ||||||||||
| タイトル | Saving Motives over the Life-Cycle | |||||||||
| 言語 | en | |||||||||
| 言語 | ||||||||||
| 言語 | eng | |||||||||
| 資源タイプ | ||||||||||
| 資源タイプ | technical report | |||||||||
| ID登録 | ||||||||||
| ID登録 (DOI) | 10.24545/0002000267 | |||||||||
| ID登録タイプ | JaLC | |||||||||
| 著者 |
PASHCHENKO, Svetlana
× PASHCHENKO, Svetlana
× PORAPAKKARM, Ponpoje
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| 著者所属 | ||||||||||
| 値 | 政策研究大学院大学 / National Graduate Institute for Policy Studies | |||||||||
| 抄録 | ||||||||||
| 内容記述タイプ | Abstract | |||||||||
| 内容記述 | Three key drivers of savings are life-cycle, precautionary, and bequest motives. What is their relative quantitative importance? We revisit this question focusing on the role of preferences and institutions. We address the challenge of disentangling the effects of different saving motives on one’s decisions by considering many aspects of people’s behavior both before and after retirement. We illustrate why this approach is informative about the underlying preference parameters, and hence allows us to uncover the relative strength of different motives. Our decomposition exercises reveal that the bequest motive is the key driver of savings starting from middle-age and long before retirement. We also find that the lifecycle motive and the precautionary motive due to medical expense shocks play a minor role. The former result is due to the crowding out effect of Social Security. The latter is due to the combined effect of health insurance and the means-tested transfers. | |||||||||
| 言語 | en | |||||||||
| 発行年 | ||||||||||
| 値 | 2026-01 | |||||||||
| 書誌情報 |
en : GRIPS Discussion Papers Report No. 25-12, 発行日 2026-01-08 |
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| 出版者 | ||||||||||
| 出版者 | GRIPS Policy Research Center | |||||||||
| 言語 | en | |||||||||
| 著者版フラグ | ||||||||||
| 出版タイプResource | AM | |||||||||
