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Microdata analysis about the effects of health status and bequest motive on the elderly household assets in Japan

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  • Koji Yasuda

    (Aomori Public University
    Kobe University)

Abstract

This study develops a life-cycle model of bequest motive and analyses the determinants of asset accumulation of elderly people in Japan with microdata. This study analyses the health situation of each elderly person using microdata. In this context, health status means a proxy variable of expected life expectancy of an elderly person. It empirically shows that health status and bequest motives promote asset accumulation. This study also shows that unhealthy people save money for bequests but the bequest motive is not an important determinant factor of asset accumulation in healthy people. This result is consistent with the theoretical model, which is the main finding of this study.

Suggested Citation

  • Koji Yasuda, 2022. "Microdata analysis about the effects of health status and bequest motive on the elderly household assets in Japan," International Journal of Economic Policy Studies, Springer, vol. 16(1), pages 27-41, February.
    • Handle: RePEc:spr:ijoeps:v:16:y:2022:i:1:d:10.1007_s42495-021-00067-0
    DOI: 10.1007/s42495-021-00067-0
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    References listed on IDEAS

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    More about this item

    Keywords

    Life-cycle model; Survival rate; Saving behavior;
    All these keywords.

    JEL classification:

    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • D15 - Microeconomics - - Household Behavior - - - Intertemporal Household Choice; Life Cycle Models and Saving
    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • I12 - Health, Education, and Welfare - - Health - - - Health Behavior
    • J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination

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