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Title: |
Estimating the Size of Bequests in Japan: 1986-1994 |
| Author: |
Shimono, Keiko;
Ishikawa, Miho |
| Author
Affiliation: |
Institute of
Econ Research, Nagoya City U; Imai Accounting Group, Nagoya, Japan |
| Source: |
International Economic Journal, Autumn 2002, v. 16, no. 3, pp. 1-21 |
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Publication Date: |
Autumn 2002 |
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Abstract: |
In this paper,
we present a simple method for estimating the amount and the size of
bequests, which is applicable to other countries as well, because it
needs only four different kinds of published aggregate data. We estimate
the amount of bequests in Japan for 1986, 1988, 1989, 1990, 1992 and
1994--the period of the Japanese bubble economy and the subsequent
recession. Bequests, however, have continued to increase with ageing
population from 40 to 60 per cent of net household assets and 30 to 40
per cent of national wealth even in the current recession. Our study
confirms the importance of bequest, even although only one in four
Japanese has an intended bequest motive. |
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