Explanations for the high saving rate in Japan consistent with the bequest reason for saving include:
A)long life expectancies and large down payments required for home purchases.
B)lifetime employment.
C)the desire to leave resources to children who provide support and attention to parents in their old age.
D)low unemployment rates in Japan.

Question

Quizplus · Accepted Answer

The bequest motive for saving is driven by the desire to leave resources to heirs, which aligns with the cultural expectation in Japan for children to support their parents in old age.

Explanations for the High Saving Rate in Japan Consistent with the Bequest