What motivates single women to save? the case of Japan

Wataru Kureishi, Midori Wakabayashi

Research output: Contribution to journalArticlepeer-review

10 Citations (Scopus)

Abstract

Using Japanese panel data, we analyze precautionary savings due to staying single in the presence of income uncertainty. Our panel analysis finds that compared with young women who are likely to get married within 3 years, those who are not plan to have 44 percent more savings for precautionary purposes, and 108 percent more for retirement. These results suggest that in facing higher risk of income fluctuation due to choosing to marry late or remain unmarried, young women intend to have more wealth to mitigate the income risk inherent in single life.

Original languageEnglish
Pages (from-to)681-704
Number of pages24
JournalReview of Economics of the Household
Volume11
Issue number4
DOIs
Publication statusPublished - 2013 Dec

Keywords

  • Marriage
  • Precautionary savings
  • Single women

ASJC Scopus subject areas

  • Social Sciences (miscellaneous)
  • Economics and Econometrics

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