@techreport{NBERw3871,
 title = "Younger Households Saving: Evidence From Japan and Italy",
 author = "Albert Ando and Luigi Guiso and Daniele Terlizzese and Daniel Dorsainvil",
 institution = "National Bureau of Economic Research",
 type = "Working Paper",
 series = "Working Paper Series",
 number = "3871",
 year = "1991",
 month = "October",
 URL = "http://www.nber.org/papers/w3871",
 abstract = {Both young and old consumers appear to dissave too little for their behaviour to be consistent with a strict life cycle model. We concentrate on young households and document their behaviour drawing from Italian and Japanese data. We also provide a theoretical set-up which can account for the observed fact without relying on assumptions about the working of credit markets or the degree of foresight of consumers.},
}