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Title: |
Are Americans More Altruistic Than the Japanese? A U.S.-Japan Comparison
of Saving and Bequest Motives |
| Author: |
Horioka,
Charles Yuji |
| Author
Affiliation: |
Osaka U |
| Source: |
International Economic Journal, Spring 2000, v. 14, no. 1, pp. 1-31 |
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Publication Date: |
Spring 2000 |
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Abstract: |
This paper analyzes a variety of data on
saving motives, bequest motives, and bequest division from a U.S.-Japan
survey conducted in 1996 by the Japanese Ministry of Posts and
Telecommunications and finds (1) that the selfish life cycle model is
the dominant model of household behavior in both countries but that it
is far more applicable in Japan, (2) that the altruism model is far more
applicable in the U.S. but that it is not the dominant model of
household behavior in either country, and (3) that the dynasty model is
more applicable in Japan but that it is of only limited applicability
even in Japan. |
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