The Impact of Hyperbolic Discounting on Asset Accumulation for Later Life: A Study of Active Investors Aged 65 Years and over in Japan

The Impact of Hyperbolic Discounting on Asset Accumulation for Later Life: A Study of Active Investors Aged 65 Years and over in Japan

Asset accumulation in later life is a pressing issue in Japan due to the growing gap between life expectancy (87.14 years for women, 81.09 years for men in 2023) and the retirement age (65 or less). This gap heightens financial insecurity, emphasizing the need to meet asset goals by 65. Hyperbolic d...

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Bibliographic Details
Main Authors: Honoka Nabeshima, Sumeet Lal, Haruka Izumi, Yuzuha Himeno, Mostafa Saidur Rahim Khan, Yoshihiko Kadoya
Format: Article
Language:English
Published: MDPI AG 2025-01-01
Series:Risks
Subjects:
asset accumulation
hyperbolic discounting
financial insecurity
anxiety after retirement
wealth threshold
behavioral finance
Online Access:https://www.mdpi.com/2227-9091/13/1/8
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