가게 저축, 소득, 저축함수의 한일비교

A Comparison of Savings, Income, and Savings Function of Households between Japan and Korea

This paper compares the savings behavior between Japan and Korea, based on data of the Annual Report on the Family Income and Expenditure Survey. We recalculate the saving rates of the Survey data for each income group in Japan because it does not reflect actual conditions. After the burst of bubble economy in early 1990s, Japan has faced with the overall decline in income and saving, not so much changed in inequality of income distributions. We estimate the household savings with respect to income, main consumption items, and social security using panel data on decile income groups for the periods from 2000 to 2016. The estimation results indicate that there is a negative relation between education expenditures and savings in both Japan and Korea. On the other hand, there exists a negative or substituting relationship between the savings and the social security in Japan, but a positive or complimentary relationship between them.