1. Topic: Bequest Motives and Saving Behavior Among the Elderly：A Comparative Study Between China and Japan Based on Micro-data
2. Language: Chinese
3. Speaker: Cheng TANG is professor in Faculty of Economics, Chuo University, Japan. He is a board member on both the Japanese Association for Chinese Economy and Management Studies (JACEMS) and Japan Association for Asian Studies (JAAS), as well as the editor of Asian Studies. His research expertise is in the Chinese financial system and household finance and his work has been published in Economic Research Journal (JINGJI YANJIU), Modern Asian Studies, and AJIA KEIZAI.
4. Abstract: As the share of the elderly in China's total population continues to increase, the high saving rate among the elderly seems puzzling and needs to be explained. Using the empirical micro data collected in China and Japan concerning household expenditure, this paper explores the question from a comparative perspective and focuses on bequest motives. The conclusion of this study suggests that for the Chinese elderly households, pension insurance participation, pension collection and bequest motives have contributed significantly to their high household savings rate; in contrast, for the Japanese elderly households, bequest motives is the most important factor to their household savings rate whereas the role of pension insurance is almost negligible. The paper will explain the reasons for the difference as well.