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ARE THE JAPANESE UNIQUE? EVIDENCE FROM SAVING AND BEQUEST BEHAVIOR

机译:日本独特吗?节省和遗赠行为的证据

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摘要

In this paper, we attempt to shed light on whether Japanese households are rational or if their behavior is influenced by culture and social norms by examining their saving and bequest behavior. To summarize our main findings, we find that Japan's household saving rate showed great volatility, was often low and even negative and was high only during the 25-year period from around 1960 until the mid-1980s (if we exclude the war years) and that we can explain the high level of, and trends over time in, Japan's household saving rate via various socioeconomic and policy variables. This seems to suggest that the Japanese are not a saving-loving people and that their saving behavior is not governed by culture and social norms. Moreover, the bequest behavior of the Japanese suggests that they are less altruistic toward their children and less reliant on their children than other peoples, suggesting that the alleged social norm of strong family ties in Japan is largely a myth, and that the Japanese do not appear to be appreciably more concerned about the continuation of the family line or the family business than other peoples, suggesting that the influence of the "ie" (family) system is apparently not so pervasive either. However, we argue that these findings do not necessarily mean that culture and social norms do not matter.
机译:在本文中,我们试图通过研究日本家庭的储蓄和遗赠行为来阐明他们是否合理,或者其行为是否受到文化和社会规范的影响。总结我们的主要发现,我们发现日本的家庭储蓄率表现出极大的波动性,通常较低,甚至为负,并且仅在从1960年左右到1980年代中期(如果不包括战争年代)的25年期间才很高。我们可以通过各种社会经济和政策变量来解释日本家庭储蓄率的高水平和长期趋势。这似乎表明日本人不是一个热爱储蓄的人,其储蓄行为不受文化和社会规范的支配。此外,日本人的遗赠行为表明,他们对子女的利己程度较低,对子女的依赖性也较其他民族低,这表明日本所谓的牢固家庭联系的社会规范在很大程度上是神话,而日本人并非如此。似乎比其他人更关心家族关系或家族企业的延续,这表明“ ie”(家族)系统的影响显然也不那么普遍。但是,我们认为这些发现并不一定意味着文化和社会规范无关紧要。

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