TY  - JOUR
AU  - Ando,Albert
AU  - Guiso,Luigi
AU  - Terlizzese,Daniele
AU  - Dorsainvil,Daniel
TI  - Younger Households Saving: Evidence From Japan and Italy
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 3871
PY  - 1991
Y2  - October 1991
UR  - http://www.nber.org/papers/w3871
L1  - http://www.nber.org/papers/w3871.pdf
N1  - Author contact info:
Albert Ando

Luigi Guiso
European University Institute
Economics Department
Villa San Paolo
50133 Florence
ITALY
Fax: 39-055-4685-902
E-Mail: luigi.guiso@eief.it

Daniele Terlizzese
Banca d'Italia
Via Nazionale 91
Roma 00136 ITALY
E-Mail: Daniele.Terlizzese@bancaditalia.it
AB  - 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.
ER  -