Unexpected Life Events and Financial Preparedness among Japanese Women

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Major Area of Focus

Secondary area of focus

Short Abstract

The purpose of this study is to examine the associations between financial savings and three types of unwelcome, unexpected life events among Japanese women - job loss, the onset of mental or physical disabilities of self or family members, and marital dissolution - to advance our understanding of the current recession and concerns about intra-national economic inequality. Using the Japanese Panel Survey of Consumers, we will utilize a multilevel modeling approach to assess the impact of these events on the presence and amount of savings. An earlier cross-section study found no association between the number of life events and savings. Here, we will focus on the three types of unexpected life events utilizing the panel-nature of the data. The findings will have fiscal and other public policy implications as Japan undergoes rapid changes in demographic composition that many other countries expect to follow.

Corresponding Author

Yoko Mimura, Ph.D., California State University Northridge

Job Title

Assistant Professor

City & State (or Province & Country)

Northridge, California

Additional Authors

Janine Elyse Aronson, University of Georgia

Job Title

Professor

City & State (or Province & Country)

Athens, Georgia

2013 Conference

April 10–12, 2013

The Benson Hotel, Portland, Oregon

This section lists poster sessions as well as concurrent sessions by day, time, and room. Concurrent sessions have multiple presentations. You may search by title, author names, or keyword. A Schedule-at-a-Glance is posted on the Website and will provide the overview. This is the detail.