The Japanese Saving Rate between 1960-2000 : Productivity , Policy Changes , and Demographics

@inproceedings{Chen2006TheJS,
  title={The Japanese Saving Rate between 1960-2000 : Productivity , Policy Changes , and Demographics},
  author={Kaiji Chen and Ayse Imrohoroglu and Selahattin Imrohoroglu},
  year={2006}
}
In this paper, we use an overlapping generations model to study the factors generating the saving rate in Japan between 1960-2000. The model economy allows for observed aging of the population, total factor productivity, and fiscal policy to affect the national saving rate. Our calibrated general equilibrium setup is able to generate saving rates that are reasonably similar to the data during this period. We conduct counterfactual experiments to isolate the quantitative impact of the changes in… CONTINUE READING
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