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Savings and Bequests (Hardcover)
Loot Price: R2,564
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Savings and Bequests (Hardcover)
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It is of frequent concern that the United States and the United
Kingdom have very low rates of personal savings, whereas several
other advanced industrialized countries - particularly Japan,
France, and Italy - have high rates of personal savings. These
essays address the salient questions suggested by this contrast. Do
different attitudes to bequests explain the difference in the
saving rates among these countries? What are the different kinds of
bequest - real estate, financial assets, or human capital? Is it
possible to conclude that bequests affect the formation of fiscal
policies, or are they neutral with respect to fiscal policies?
Finally, what is the relationship between bequests and public
pensions? In an effort to answer these questions the Japanese
Ministry of Posts and Telecommunications (MPT) organized an
international conference on savings and bequests in Tokyo in March
1992. Among the distinguished specialists from Europe, Japan, and
North America who presented papers on the subject were: Hiroyuki
Chuma, Michael Hurd, David Wise, Toshihiro Ihori, Laurence
Kotlikoff, Pierre Pestieau, Toshiaki Tachibakanki, and Seiji
Takata. This book is an outgrowth of that conference. Many
countries are discussed in this book, including Canada, France,
Japan, the United Kingdom, and the United States.
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