id	sid	tid	token	lemma	pos
faba-244	1	1	196	196	NUM
faba-244	1	2	finance	finance	NOUN
faba-244	1	3	,	,	PUNCT
faba-244	1	4	accounting	accounting	NOUN
faba-244	1	5	and	and	CCONJ
faba-244	1	6	business	business	NOUN
faba-244	1	7	analysis	analysis	NOUN
faba-244	1	8	volume	volume	NOUN
faba-244	1	9	6	6	NUM
faba-244	1	10	issue	issue	NOUN
faba-244	1	11	2	2	NUM
faba-244	1	12	,	,	PUNCT
faba-244	1	13	2024	2024	NUM
faba-244	1	14	http://faba.bg/	http://faba.bg/	NOUN
faba-244	1	15	issn	issn	VERB
faba-244	1	16	2603	2603	NUM
faba-244	1	17	-	-	SYM
faba-244	1	18	5324	5324	NUM
faba-244	1	19	doi	doi	NOUN
faba-244	1	20	:	:	PUNCT
faba-244	1	21	https://doi.org/10.37075/faba.2024.2.08	https://doi.org/10.37075/faba.2024.2.08	ADJ
faba-244	1	22	decision	decision	NOUN
faba-244	1	23	-	-	PUNCT
faba-244	1	24	making	making	NOUN
faba-244	1	25	by	by	ADP
faba-244	1	26	individual	individual	ADJ
faba-244	1	27	investors	investor	NOUN
faba-244	1	28	in	in	ADP
faba-244	1	29	japan	japan	PROPN
faba-244	1	30	:	:	PUNCT
faba-244	1	31	verification	verification	NOUN
faba-244	1	32	using	use	VERB
faba-244	1	33	a	a	DET
faba-244	1	34	binary	binary	ADJ
faba-244	1	35	response	response	NOUN
faba-244	1	36	model	model	NOUN
faba-244	1	37	with	with	ADP
faba-244	1	38	survey	survey	NOUN
faba-244	1	39	data	datum	NOUN
faba-244	1	40	shin	shin	NOUN
faba-244	1	41	fukuda1	fukuda1	PROPN
faba-244	1	42	*	*	PUNCT
faba-244	1	43	,	,	PUNCT
faba-244	1	44	luna	luna	PROPN
faba-244	1	45	akahira2	akahira2	PROPN
faba-244	1	46	department	department	PROPN
faba-244	1	47	of	of	ADP
faba-244	1	48	business	business	PROPN
faba-244	1	49	administration	administration	PROPN
faba-244	1	50	,	,	PUNCT
faba-244	1	51	komazawa	komazawa	PROPN
faba-244	1	52	university	university	PROPN
faba-244	1	53	,	,	PUNCT
faba-244	1	54	tokyo	tokyo	PROPN
faba-244	1	55	,	,	PUNCT
faba-244	1	56	japan1	japan1	PROPN
faba-244	1	57	department	department	PROPN
faba-244	1	58	of	of	ADP
faba-244	1	59	business	business	PROPN
faba-244	1	60	administration	administration	PROPN
faba-244	1	61	,	,	PUNCT
faba-244	1	62	komazawa	komazawa	PROPN
faba-244	1	63	university	university	PROPN
faba-244	1	64	,	,	PUNCT
faba-244	1	65	tokyo	tokyo	PROPN
faba-244	1	66	,	,	PUNCT
faba-244	1	67	japan2	japan2	NOUN
faba-244	1	68	*	*	PUNCT
faba-244	1	69	corresponding	correspond	VERB
faba-244	1	70	author	author	NOUN
faba-244	1	71	info	info	NOUN
faba-244	1	72	articles	article	NOUN
faba-244	1	73	abstract	abstract	ADJ
faba-244	1	74	history	history	NOUN
faba-244	1	75	article	article	NOUN
faba-244	1	76	:	:	PUNCT
faba-244	1	77	submitted	submit	VERB
faba-244	1	78	27	27	NUM
faba-244	1	79	october	october	NOUN
faba-244	1	80	2024	2024	NUM
faba-244	1	81	revised	revise	VERB
faba-244	1	82	1	1	NUM
faba-244	1	83	december	december	PROPN
faba-244	1	84	2024	2024	NUM
faba-244	1	85	accepted	accept	VERB
faba-244	1	86	5	5	NUM
faba-244	1	87	december	december	PROPN
faba-244	1	88	2024	2024	NUM
faba-244	1	89	purpose	purpose	NOUN
faba-244	1	90	:	:	PUNCT
faba-244	1	91	in	in	ADP
faba-244	1	92	line	line	NOUN
faba-244	1	93	with	with	ADP
faba-244	1	94	the	the	DET
faba-244	1	95	government	government	NOUN
faba-244	1	96	's	's	PART
faba-244	1	97	initiative	initiative	NOUN
faba-244	1	98	to	to	PART
faba-244	1	99	shift	shift	VERB
faba-244	1	100	“	"	PUNCT
faba-244	1	101	from	from	ADP
faba-244	1	102	savings	saving	NOUN
faba-244	1	103	to	to	ADP
faba-244	1	104	investment	investment	NOUN
faba-244	1	105	,	,	PUNCT
faba-244	1	106	”	"	PUNCT
faba-244	1	107	the	the	DET
faba-244	1	108	small	small	ADJ
faba-244	1	109	investment	investment	NOUN
faba-244	1	110	tax	tax	NOUN
faba-244	1	111	-	-	PUNCT
faba-244	1	112	free	free	ADJ
faba-244	1	113	system	system	NOUN
faba-244	1	114	(	(	PUNCT
faba-244	1	115	nippon	nippon	PROPN
faba-244	1	116	individual	individual	ADJ
faba-244	1	117	savings	saving	NOUN
faba-244	1	118	account	account	PROPN
faba-244	1	119	)	)	PUNCT
faba-244	1	120	was	be	AUX
faba-244	1	121	introduced	introduce	VERB
faba-244	1	122	in	in	ADP
faba-244	1	123	japan	japan	PROPN
faba-244	1	124	in	in	ADP
faba-244	1	125	january	january	PROPN
faba-244	1	126	2014	2014	NUM
faba-244	1	127	.	.	PUNCT
faba-244	2	1	this	this	DET
faba-244	2	2	paper	paper	NOUN
faba-244	2	3	compares	compare	VERB
faba-244	2	4	and	and	CCONJ
faba-244	2	5	analyzes	analyze	VERB
faba-244	2	6	the	the	DET
faba-244	2	7	holding	hold	VERB
faba-244	2	8	motivations	motivation	NOUN
faba-244	2	9	of	of	ADP
faba-244	2	10	the	the	DET
faba-244	2	11	old	old	ADJ
faba-244	2	12	systems	system	NOUN
faba-244	2	13	of	of	ADP
faba-244	2	14	“	"	PUNCT
faba-244	2	15	general	general	ADJ
faba-244	2	16	nisa	nisa	PROPN
faba-244	2	17	”	"	PUNCT
faba-244	2	18	and	and	CCONJ
faba-244	2	19	“	"	PUNCT
faba-244	2	20	tsumitate	tsumitate	NOUN
faba-244	2	21	(	(	PUNCT
faba-244	2	22	accumulated	accumulate	VERB
faba-244	2	23	)	)	PUNCT
faba-244	2	24	nisa	nisa	PROPN
faba-244	2	25	”	"	PUNCT
faba-244	2	26	as	as	ADP
faba-244	2	27	of	of	ADP
faba-244	2	28	2018	2018	NUM
faba-244	2	29	and	and	CCONJ
faba-244	2	30	2023	2023	NUM
faba-244	2	31	.	.	PUNCT
faba-244	3	1	design	design	NOUN
faba-244	3	2	/	/	SYM
faba-244	3	3	methodology	methodology	NOUN
faba-244	3	4	/	/	SYM
faba-244	3	5	approach	approach	NOUN
faba-244	3	6	:	:	PUNCT
faba-244	3	7	the	the	DET
faba-244	3	8	data	datum	NOUN
faba-244	3	9	used	use	VERB
faba-244	3	10	is	be	AUX
faba-244	3	11	from	from	ADP
faba-244	3	12	the	the	DET
faba-244	3	13	japan	japan	PROPN
faba-244	3	14	securities	securities	PROPN
faba-244	3	15	dealer	dealer	PROPN
faba-244	3	16	-	-	PUNCT
faba-244	3	17	s	s	PART
faba-244	3	18	association	association	NOUN
faba-244	3	19	’s	’s	PART
faba-244	3	20	“	"	PUNCT
faba-244	3	21	survey	survey	NOUN
faba-244	3	22	on	on	ADP
faba-244	3	23	attitudes	attitude	NOUN
faba-244	3	24	of	of	ADP
faba-244	3	25	individual	individual	ADJ
faba-244	3	26	investors	investor	NOUN
faba-244	3	27	regarding	regard	VERB
faba-244	3	28	securities	security	NOUN
faba-244	3	29	investment	investment	NOUN
faba-244	3	30	”	"	PUNCT
faba-244	3	31	.	.	PUNCT
faba-244	4	1	we	we	PRON
faba-244	4	2	estimated	estimate	VERB
faba-244	4	3	probability	probability	NOUN
faba-244	4	4	model	model	NOUN
faba-244	4	5	using	use	VERB
faba-244	4	6	a	a	DET
faba-244	4	7	probit	probit	NOUN
faba-244	4	8	model	model	NOUN
faba-244	4	9	.	.	PUNCT
faba-244	5	1	findings	finding	NOUN
faba-244	5	2	:	:	PUNCT
faba-244	5	3	for	for	ADP
faba-244	5	4	general	general	PROPN
faba-244	5	5	nisa	nisa	PROPN
faba-244	5	6	,	,	PUNCT
faba-244	5	7	the	the	DET
faba-244	5	8	findings	finding	NOUN
faba-244	5	9	show	show	VERB
faba-244	5	10	that	that	SCONJ
faba-244	5	11	investment	investment	NOUN
faba-244	5	12	probability	probability	NOUN
faba-244	5	13	is	be	AUX
faba-244	5	14	an	an	DET
faba-244	5	15	increasing	increase	VERB
faba-244	5	16	function	function	NOUN
faba-244	5	17	of	of	ADP
faba-244	5	18	age	age	NOUN
faba-244	5	19	and	and	CCONJ
faba-244	5	20	is	be	AUX
faba-244	5	21	for	for	ADP
faba-244	5	22	entertainment	entertainment	NOUN
faba-244	5	23	purposes	purpose	NOUN
faba-244	5	24	.	.	PUNCT
faba-244	6	1	it	it	PRON
faba-244	6	2	also	also	ADV
faba-244	6	3	complements	complement	VERB
faba-244	6	4	stock	stock	NOUN
faba-244	6	5	investments	investment	NOUN
faba-244	6	6	and	and	CCONJ
faba-244	6	7	is	be	AUX
faba-244	6	8	an	an	DET
faba-244	6	9	alternative	alternative	NOUN
faba-244	6	10	to	to	ADP
faba-244	6	11	investment	investment	NOUN
faba-244	6	12	trusts	trust	NOUN
faba-244	6	13	.	.	PUNCT
faba-244	7	1	for	for	ADP
faba-244	7	2	tsumitate	tsumitate	ADJ
faba-244	7	3	nisa	nisa	PROPN
faba-244	7	4	,	,	PUNCT
faba-244	7	5	investment	investment	NOUN
faba-244	7	6	probability	probability	NOUN
faba-244	7	7	is	be	AUX
faba-244	7	8	a	a	DET
faba-244	7	9	decreasing	decrease	VERB
faba-244	7	10	function	function	NOUN
faba-244	7	11	of	of	ADP
faba-244	7	12	age	age	NOUN
faba-244	7	13	and	and	CCONJ
faba-244	7	14	an	an	DET
faba-244	7	15	increasing	increase	VERB
faba-244	7	16	function	function	NOUN
faba-244	7	17	of	of	ADP
faba-244	7	18	living	living	NOUN
faba-244	7	19	expenses	expense	NOUN
faba-244	7	20	during	during	ADP
faba-244	7	21	retirement	retirement	NOUN
faba-244	7	22	.	.	PUNCT
faba-244	8	1	therefore	therefore	ADV
faba-244	8	2	,	,	PUNCT
faba-244	8	3	long	long	ADJ
faba-244	8	4	-	-	PUNCT
faba-244	8	5	term	term	NOUN
faba-244	8	6	factors	factor	NOUN
faba-244	8	7	are	be	AUX
faba-244	8	8	thought	think	VERB
faba-244	8	9	to	to	PART
faba-244	8	10	be	be	AUX
faba-244	8	11	strong	strong	ADJ
faba-244	8	12	.	.	PUNCT
faba-244	9	1	additionally	additionally	ADV
faba-244	9	2	,	,	PUNCT
faba-244	9	3	it	it	PRON
faba-244	9	4	is	be	AUX
faba-244	9	5	considered	consider	VERB
faba-244	9	6	a	a	DET
faba-244	9	7	substitute	substitute	NOUN
faba-244	9	8	for	for	ADP
faba-244	9	9	stock	stock	NOUN
faba-244	9	10	investments	investment	NOUN
faba-244	9	11	and	and	CCONJ
faba-244	9	12	a	a	DET
faba-244	9	13	complement	complement	NOUN
faba-244	9	14	to	to	ADP
faba-244	9	15	investment	investment	NOUN
faba-244	9	16	trust	trust	NOUN
faba-244	9	17	.	.	PUNCT
faba-244	10	1	furthermore	furthermore	ADV
faba-244	10	2	,	,	PUNCT
faba-244	10	3	while	while	SCONJ
faba-244	10	4	financial	financial	ADJ
faba-244	10	5	literacy	literacy	NOUN
faba-244	10	6	is	be	AUX
faba-244	10	7	an	an	DET
faba-244	10	8	important	important	ADJ
faba-244	10	9	factor	factor	NOUN
faba-244	10	10	for	for	ADP
faba-244	10	11	the	the	DET
faba-244	10	12	general	general	PROPN
faba-244	10	13	nisa	nisa	PROPN
faba-244	10	14	,	,	PUNCT
faba-244	10	15	it	it	PRON
faba-244	10	16	is	be	AUX
faba-244	10	17	less	less	ADV
faba-244	10	18	important	important	ADJ
faba-244	10	19	for	for	ADP
faba-244	10	20	the	the	DET
faba-244	10	21	tsumitate	tsumitate	PROPN
faba-244	10	22	nisa	nisa	PROPN
faba-244	10	23	.	.	PUNCT
faba-244	11	1	practical	practical	ADJ
faba-244	11	2	implications	implication	NOUN
faba-244	11	3	:	:	PUNCT
faba-244	11	4	this	this	DET
faba-244	11	5	study	study	NOUN
faba-244	11	6	examines	examine	VERB
faba-244	11	7	the	the	DET
faba-244	11	8	possibility	possibility	NOUN
faba-244	11	9	that	that	SCONJ
faba-244	11	10	tax	tax	NOUN
faba-244	11	11	exemptions	exemption	NOUN
faba-244	11	12	could	could	AUX
faba-244	11	13	promote	promote	VERB
faba-244	11	14	stock	stock	NOUN
faba-244	11	15	investment	investment	NOUN
faba-244	11	16	in	in	ADP
faba-244	11	17	japan	japan	PROPN
faba-244	11	18	.	.	PUNCT
faba-244	12	1	expanding	expand	VERB
faba-244	12	2	stock	stock	NOUN
faba-244	12	3	investment	investment	NOUN
faba-244	12	4	in	in	ADP
faba-244	12	5	japan	japan	PROPN
faba-244	12	6	is	be	AUX
faba-244	12	7	a	a	DET
faba-244	12	8	major	major	ADJ
faba-244	12	9	challenge	challenge	NOUN
faba-244	12	10	.	.	PUNCT
faba-244	13	1	originality	originality	NOUN
faba-244	13	2	/	/	SYM
faba-244	13	3	value	value	NOUN
faba-244	13	4	:	:	PUNCT
faba-244	13	5	the	the	DET
faba-244	13	6	analysis	analysis	NOUN
faba-244	13	7	is	be	AUX
faba-244	13	8	conducted	conduct	VERB
faba-244	13	9	using	use	VERB
faba-244	13	10	survey	survey	NOUN
faba-244	13	11	data	datum	NOUN
faba-244	13	12	from	from	ADP
faba-244	13	13	5,000	5,000	NUM
faba-244	13	14	people	people	NOUN
faba-244	13	15	in	in	ADP
faba-244	13	16	japan	japan	PROPN
faba-244	13	17	.	.	PUNCT
faba-244	14	1	paper	paper	NOUN
faba-244	14	2	type	type	NOUN
faba-244	14	3	:	:	PUNCT
faba-244	14	4	research	research	NOUN
faba-244	14	5	paper	paper	NOUN
faba-244	14	6	keywords	keyword	NOUN
faba-244	14	7	:	:	PUNCT
faba-244	14	8	nippon	nippon	PROPN
faba-244	14	9	individual	individual	ADJ
faba-244	14	10	savings	saving	NOUN
faba-244	14	11	account	account	NOUN
faba-244	14	12	(	(	PUNCT
faba-244	14	13	nisa	nisa	PROPN
faba-244	14	14	)	)	PUNCT
faba-244	14	15	,	,	PUNCT
faba-244	14	16	general	general	PROPN
faba-244	14	17	nisa	nisa	PROPN
faba-244	14	18	,	,	PUNCT
faba-244	14	19	tsumitate	tsumitate	PROPN
faba-244	14	20	nisa	nisa	PROPN
faba-244	14	21	,	,	PUNCT
faba-244	14	22	binary	binary	ADJ
faba-244	14	23	response	response	NOUN
faba-244	14	24	model	model	PROPN
faba-244	14	25	,	,	PUNCT
faba-244	14	26	probit	probit	PROPN
faba-244	14	27	estimation	estimation	NOUN
faba-244	14	28	jel	jel	PROPN
faba-244	14	29	:	:	PUNCT
faba-244	14	30	g2	g2	PROPN
faba-244	14	31	,	,	PUNCT
faba-244	14	32	g15	g15	PROPN
faba-244	14	33	address	address	NOUN
faba-244	14	34	correspondence	correspondence	NOUN
faba-244	14	35	:	:	PUNCT
faba-244	15	1	e	e	X
faba-244	15	2	-	-	NOUN
faba-244	15	3	mail	mail	NOUN
faba-244	15	4	:	:	PUNCT
faba-244	15	5	fukuda@komazawa	fukuda@komazawa	X
faba-244	15	6	-	-	PUNCT
faba-244	15	7	u.ac.jp1	u.ac.jp1	NUM
faba-244	15	8	1mg1017r@komazawa	1mg1017r@komazawa	NUM
faba-244	15	9	-	-	SYM
faba-244	15	10	u.ac.jp2	u.ac.jp2	PROPN
faba-244	15	11	https://doi.org/10.37075/faba.2024.2.08	https://doi.org/10.37075/faba.2024.2.08	NOUN
faba-244	15	12	mailto:fukuda@komazawa-u.ac.jp	mailto:fukuda@komazawa-u.ac.jp	X
faba-244	15	13	mailto:1mg1017r@komazawa-u.ac.jp	mailto:1mg1017r@komazawa-u.ac.jp	NOUN
faba-244	15	14	https://orcid.org/0000-0003-3134-7181	https://orcid.org/0000-0003-3134-7181	VERB
faba-244	15	15	shin	shin	PROPN
faba-244	15	16	fukuda	fukuda	PROPN
faba-244	15	17	and	and	CCONJ
faba-244	15	18	luna	luna	PROPN
faba-244	15	19	akahira/	akahira/	NUM
faba-244	15	20	finance	finance	NOUN
faba-244	15	21	,	,	PUNCT
faba-244	15	22	accounting	accounting	NOUN
faba-244	15	23	and	and	CCONJ
faba-244	15	24	business	business	NOUN
faba-244	15	25	analysis	analysis	NOUN
faba-244	15	26	,	,	PUNCT
faba-244	15	27	volume	volume	NOUN
faba-244	15	28	6	6	NUM
faba-244	15	29	,	,	PUNCT
faba-244	15	30	issue	issue	NOUN
faba-244	15	31	2	2	NUM
faba-244	15	32	,	,	PUNCT
faba-244	15	33	2024	2024	NUM
faba-244	15	34	197	197	NUM
faba-244	15	35	introduction	introduction	NOUN
faba-244	15	36	in	in	ADP
faba-244	15	37	a	a	DET
faba-244	15	38	june	june	PROPN
faba-244	15	39	2023	2023	NUM
faba-244	15	40	study	study	NOUN
faba-244	15	41	,	,	PUNCT
faba-244	15	42	for	for	ADP
faba-244	15	43	the	the	DET
faba-244	15	44	general	general	PROPN
faba-244	15	45	nisa	nisa	PROPN
faba-244	15	46	,	,	PUNCT
faba-244	15	47	findings	finding	NOUN
faba-244	15	48	indicate	indicate	VERB
faba-244	15	49	that	that	SCONJ
faba-244	15	50	investment	investment	NOUN
faba-244	15	51	probability	probability	NOUN
faba-244	15	52	is	be	AUX
faba-244	15	53	an	an	DET
faba-244	15	54	increasing	increase	VERB
faba-244	15	55	function	function	NOUN
faba-244	15	56	of	of	ADP
faba-244	15	57	age	age	NOUN
faba-244	15	58	and	and	CCONJ
faba-244	15	59	is	be	AUX
faba-244	15	60	for	for	ADP
faba-244	15	61	entertainment	entertainment	NOUN
faba-244	15	62	purposes	purpose	NOUN
faba-244	15	63	.	.	PUNCT
faba-244	16	1	it	it	PRON
faba-244	16	2	also	also	ADV
faba-244	16	3	complements	complement	VERB
faba-244	16	4	stock	stock	NOUN
faba-244	16	5	investments	investment	NOUN
faba-244	16	6	and	and	CCONJ
faba-244	16	7	is	be	AUX
faba-244	16	8	an	an	DET
faba-244	16	9	alternative	alternative	NOUN
faba-244	16	10	to	to	ADP
faba-244	16	11	investment	investment	NOUN
faba-244	16	12	trusts	trust	NOUN
faba-244	16	13	.	.	PUNCT
faba-244	17	1	for	for	ADP
faba-244	17	2	the	the	DET
faba-244	17	3	tsumitate	tsumitate	PROPN
faba-244	17	4	nisa	nisa	PROPN
faba-244	17	5	,	,	PUNCT
faba-244	17	6	investment	investment	NOUN
faba-244	17	7	probability	probability	NOUN
faba-244	17	8	is	be	AUX
faba-244	17	9	a	a	DET
faba-244	17	10	decreasing	decrease	VERB
faba-244	17	11	function	function	NOUN
faba-244	17	12	of	of	ADP
faba-244	17	13	age	age	NOUN
faba-244	17	14	and	and	CCONJ
faba-244	17	15	an	an	DET
faba-244	17	16	increasing	increase	VERB
faba-244	17	17	function	function	NOUN
faba-244	17	18	of	of	ADP
faba-244	17	19	living	living	NOUN
faba-244	17	20	expenses	expense	NOUN
faba-244	17	21	during	during	ADP
faba-244	17	22	retirement	retirement	NOUN
faba-244	17	23	.	.	PUNCT
faba-244	18	1	therefore	therefore	ADV
faba-244	18	2	,	,	PUNCT
faba-244	18	3	long	long	ADJ
faba-244	18	4	-	-	PUNCT
faba-244	18	5	term	term	NOUN
faba-244	18	6	factors	factor	NOUN
faba-244	18	7	are	be	AUX
faba-244	18	8	considered	consider	VERB
faba-244	18	9	significant	significant	ADJ
faba-244	18	10	.	.	PUNCT
faba-244	19	1	additionally	additionally	ADV
faba-244	19	2	,	,	PUNCT
faba-244	19	3	it	it	PRON
faba-244	19	4	is	be	AUX
faba-244	19	5	considered	consider	VERB
faba-244	19	6	a	a	DET
faba-244	19	7	substitute	substitute	NOUN
faba-244	19	8	for	for	ADP
faba-244	19	9	stock	stock	NOUN
faba-244	19	10	investments	investment	NOUN
faba-244	19	11	and	and	CCONJ
faba-244	19	12	a	a	DET
faba-244	19	13	complement	complement	NOUN
faba-244	19	14	to	to	ADP
faba-244	19	15	investment	investment	NOUN
faba-244	19	16	trust	trust	NOUN
faba-244	19	17	.	.	PUNCT
faba-244	20	1	furthermore	furthermore	ADV
faba-244	20	2	,	,	PUNCT
faba-244	20	3	while	while	SCONJ
faba-244	20	4	financial	financial	ADJ
faba-244	20	5	literacy	literacy	NOUN
faba-244	20	6	is	be	AUX
faba-244	20	7	an	an	DET
faba-244	20	8	important	important	ADJ
faba-244	20	9	factor	factor	NOUN
faba-244	20	10	for	for	ADP
faba-244	20	11	the	the	DET
faba-244	20	12	general	general	PROPN
faba-244	20	13	nisa	nisa	PROPN
faba-244	20	14	,	,	PUNCT
faba-244	20	15	it	it	PRON
faba-244	20	16	is	be	AUX
faba-244	20	17	less	less	ADV
faba-244	20	18	important	important	ADJ
faba-244	20	19	for	for	ADP
faba-244	20	20	the	the	DET
faba-244	20	21	tsumitate	tsumitate	PROPN
faba-244	20	22	nisa	nisa	PROPN
faba-244	20	23	.	.	PUNCT
faba-244	21	1	“	"	PUNCT
faba-244	21	2	the	the	DET
faba-244	21	3	first	first	ADJ
faba-244	21	4	year	year	NOUN
faba-244	21	5	of	of	ADP
faba-244	21	6	doubling	double	VERB
faba-244	21	7	asset	asset	NOUN
faba-244	21	8	income	income	NOUN
faba-244	21	9	from	from	ADP
faba-244	21	10	savings	saving	NOUN
faba-244	21	11	to	to	ADP
faba-244	21	12	investment	investment	NOUN
faba-244	21	13	,	,	PUNCT
faba-244	21	14	”	"	PUNCT
faba-244	21	15	prime	prime	NOUN
faba-244	21	16	minister	minister	PROPN
faba-244	21	17	kishida	kishida	PROPN
faba-244	21	18	stated	state	VERB
faba-244	21	19	,	,	PUNCT
faba-244	21	20	“	"	PUNCT
faba-244	21	21	this	this	DET
faba-244	21	22	year	year	NOUN
faba-244	21	23	will	will	AUX
faba-244	21	24	be	be	AUX
faba-244	21	25	the	the	DET
faba-244	21	26	first	first	ADJ
faba-244	21	27	year	year	NOUN
faba-244	21	28	of	of	ADP
faba-244	21	29	doubling	double	VERB
faba-244	21	30	asset	asset	NOUN
faba-244	21	31	income	income	NOUN
faba-244	21	32	,	,	PUNCT
faba-244	21	33	and	and	CCONJ
faba-244	21	34	we	we	PRON
faba-244	21	35	will	will	AUX
faba-244	21	36	boldly	boldly	ADV
faba-244	21	37	and	and	CCONJ
faba-244	21	38	fundamentally	fundamentally	ADV
faba-244	21	39	advance	advance	VERB
faba-244	21	40	the	the	DET
faba-244	21	41	shift	shift	NOUN
faba-244	21	42	from	from	ADP
faba-244	21	43	savings	saving	NOUN
faba-244	21	44	to	to	ADP
faba-244	21	45	investment	investment	NOUN
faba-244	21	46	.	.	PUNCT
faba-244	21	47	”	"	PUNCT
faba-244	22	1	the	the	DET
faba-244	22	2	term	term	NOUN
faba-244	22	3	“	"	PUNCT
faba-244	22	4	save	save	VERB
faba-244	22	5	to	to	PART
faba-244	22	6	invest	invest	VERB
faba-244	22	7	”	"	PUNCT
faba-244	22	8	originated	originate	VERB
faba-244	22	9	from	from	ADP
faba-244	22	10	japan	japan	PROPN
faba-244	22	11	's	's	PART
faba-244	22	12	investment	investment	NOUN
faba-244	22	13	tax	tax	NOUN
faba-244	22	14	cuts	cut	NOUN
faba-244	22	15	in	in	ADP
faba-244	22	16	2003	2003	NUM
faba-244	22	17	.	.	PUNCT
faba-244	23	1	“	"	PUNCT
faba-244	23	2	from	from	ADP
faba-244	23	3	investment	investment	NOUN
faba-244	23	4	to	to	ADP
faba-244	23	5	savings	saving	NOUN
faba-244	23	6	”	"	PUNCT
faba-244	23	7	means	mean	VERB
faba-244	23	8	shifting	shift	VERB
faba-244	23	9	savings	saving	NOUN
faba-244	23	10	,	,	PUNCT
faba-244	23	11	such	such	ADJ
faba-244	23	12	as	as	ADP
faba-244	23	13	large	large	ADJ
faba-244	23	14	bank	bank	NOUN
faba-244	23	15	deposits	deposit	NOUN
faba-244	23	16	,	,	PUNCT
faba-244	23	17	into	into	ADP
faba-244	23	18	investments	investment	NOUN
faba-244	23	19	such	such	ADJ
faba-244	23	20	as	as	ADP
faba-244	23	21	stocks	stock	NOUN
faba-244	23	22	and	and	CCONJ
faba-244	23	23	investment	investment	NOUN
faba-244	23	24	trusts	trust	NOUN
faba-244	23	25	.	.	PUNCT
faba-244	24	1	the	the	DET
faba-244	24	2	background	background	NOUN
faba-244	24	3	to	to	ADP
faba-244	24	4	this	this	PRON
faba-244	24	5	includes	include	VERB
faba-244	24	6	japan	japan	PROPN
faba-244	24	7	's	's	PART
faba-244	24	8	declining	decline	VERB
faba-244	24	9	birthrate	birthrate	NOUN
faba-244	24	10	,	,	PUNCT
faba-244	24	11	aging	age	VERB
faba-244	24	12	population	population	NOUN
faba-244	24	13	,	,	PUNCT
faba-244	24	14	and	and	CCONJ
faba-244	24	15	concerns	concern	NOUN
faba-244	24	16	about	about	ADP
faba-244	24	17	pensions	pension	NOUN
faba-244	24	18	.	.	PUNCT
faba-244	25	1	to	to	PART
faba-244	25	2	address	address	VERB
faba-244	25	3	these	these	DET
faba-244	25	4	issues	issue	NOUN
faba-244	25	5	,	,	PUNCT
faba-244	25	6	it	it	PRON
faba-244	25	7	is	be	AUX
faba-244	25	8	important	important	ADJ
faba-244	25	9	for	for	SCONJ
faba-244	25	10	individuals	individual	NOUN
faba-244	25	11	to	to	PART
faba-244	25	12	build	build	VERB
faba-244	25	13	assets	asset	NOUN
faba-244	25	14	.	.	PUNCT
faba-244	26	1	it	it	PRON
faba-244	26	2	is	be	AUX
faba-244	26	3	also	also	ADV
faba-244	26	4	believed	believe	VERB
faba-244	26	5	that	that	SCONJ
faba-244	26	6	preventing	prevent	VERB
faba-244	26	7	corporate	corporate	ADJ
faba-244	26	8	investment	investment	NOUN
faba-244	26	9	funds	fund	NOUN
faba-244	26	10	from	from	ADP
faba-244	26	11	remaining	remain	VERB
faba-244	26	12	in	in	ADP
faba-244	26	13	banks	bank	NOUN
faba-244	26	14	promotes	promote	VERB
faba-244	26	15	corporate	corporate	ADJ
faba-244	26	16	growth	growth	NOUN
faba-244	26	17	leading	lead	VERB
faba-244	26	18	to	to	ADP
faba-244	26	19	societal	societal	ADJ
faba-244	26	20	revitalization	revitalization	NOUN
faba-244	26	21	.	.	PUNCT
faba-244	27	1	as	as	ADP
faba-244	27	2	part	part	NOUN
faba-244	27	3	of	of	ADP
faba-244	27	4	government	government	NOUN
faba-244	27	5	policies	policy	NOUN
faba-244	27	6	,	,	PUNCT
faba-244	27	7	tax	tax	NOUN
faba-244	27	8	incentives	incentive	NOUN
faba-244	27	9	have	have	AUX
faba-244	27	10	been	be	AUX
faba-244	27	11	introduced	introduce	VERB
faba-244	27	12	to	to	PART
faba-244	27	13	promote	promote	VERB
faba-244	27	14	investment	investment	NOUN
faba-244	27	15	,	,	PUNCT
faba-244	27	16	such	such	ADJ
faba-244	27	17	as	as	ADP
faba-244	27	18	the	the	DET
faba-244	27	19	nippon	nippon	PROPN
faba-244	27	20	individual	individual	ADJ
faba-244	27	21	savings	saving	NOUN
faba-244	27	22	account	account	NOUN
faba-244	27	23	(	(	PUNCT
faba-244	27	24	nisa	nisa	PROPN
faba-244	27	25	)	)	PUNCT
faba-244	27	26	and	and	CCONJ
faba-244	27	27	the	the	DET
faba-244	27	28	individual	individual	ADJ
faba-244	27	29	-	-	PUNCT
faba-244	27	30	type	type	NOUN
faba-244	27	31	defined	define	VERB
faba-244	27	32	contribution	contribution	NOUN
faba-244	27	33	pension	pension	NOUN
faba-244	27	34	plan	plan	NOUN
faba-244	27	35	(	(	PUNCT
faba-244	27	36	ideco	ideco	PROPN
faba-244	27	37	)	)	PUNCT
faba-244	27	38	.	.	PUNCT
faba-244	28	1	figure	figure	NOUN
faba-244	28	2	1	1	NUM
faba-244	28	3	illustrates	illustrate	VERB
faba-244	28	4	the	the	DET
faba-244	28	5	composition	composition	NOUN
faba-244	28	6	of	of	ADP
faba-244	28	7	household	household	NOUN
faba-244	28	8	financial	financial	ADJ
faba-244	28	9	assets	asset	NOUN
faba-244	28	10	(	(	PUNCT
faba-244	28	11	as	as	ADP
faba-244	28	12	of	of	ADP
faba-244	28	13	2023	2023	NUM
faba-244	28	14	)	)	PUNCT
faba-244	28	15	.	.	PUNCT
faba-244	29	1	japan	japan	PROPN
faba-244	29	2	's	's	PART
faba-244	29	3	total	total	ADJ
faba-244	29	4	household	household	NOUN
faba-244	29	5	assets	asset	NOUN
faba-244	29	6	are	be	AUX
faba-244	29	7	2,199	2,199	NUM
faba-244	29	8	trillion	trillion	NUM
faba-244	29	9	yen	yen	NOUN
faba-244	29	10	,	,	PUNCT
faba-244	29	11	with	with	ADP
faba-244	29	12	approximately	approximately	ADV
faba-244	29	13	51	51	NUM
faba-244	29	14	%	%	NOUN
faba-244	29	15	held	hold	VERB
faba-244	29	16	in	in	ADP
faba-244	29	17	cash	cash	NOUN
faba-244	29	18	and	and	CCONJ
faba-244	29	19	deposits	deposit	NOUN
faba-244	29	20	.	.	PUNCT
faba-244	30	1	insurance	insurance	NOUN
faba-244	30	2	,	,	PUNCT
faba-244	30	3	annuities	annuity	NOUN
faba-244	30	4	,	,	PUNCT
faba-244	30	5	and	and	CCONJ
faba-244	30	6	fixed	fix	VERB
faba-244	30	7	guarantees	guarantee	NOUN
faba-244	30	8	account	account	VERB
faba-244	30	9	for	for	ADP
faba-244	30	10	24.6	24.6	NUM
faba-244	30	11	%	%	NOUN
faba-244	30	12	,	,	PUNCT
faba-244	30	13	similar	similar	ADJ
faba-244	30	14	to	to	ADP
faba-244	30	15	the	the	DET
faba-244	30	16	united	united	PROPN
faba-244	30	17	states	states	PROPN
faba-244	30	18	and	and	CCONJ
faba-244	30	19	eurozone	eurozone	NOUN
faba-244	30	20	.	.	PUNCT
faba-244	31	1	however	however	ADV
faba-244	31	2	,	,	PUNCT
faba-244	31	3	japan	japan	PROPN
faba-244	31	4	's	's	PART
faba-244	31	5	combined	combine	VERB
faba-244	31	6	holdings	holding	NOUN
faba-244	31	7	in	in	ADP
faba-244	31	8	stocks	stock	NOUN
faba-244	31	9	and	and	CCONJ
faba-244	31	10	investment	investment	NOUN
faba-244	31	11	trusts	trust	NOUN
faba-244	31	12	account	account	VERB
faba-244	31	13	for	for	ADP
faba-244	31	14	19.6	19.6	NUM
faba-244	31	15	%	%	NOUN
faba-244	31	16	,	,	PUNCT
faba-244	31	17	significantly	significantly	ADV
faba-244	31	18	lower	low	ADJ
faba-244	31	19	than	than	ADP
faba-244	31	20	those	those	PRON
faba-244	31	21	of	of	ADP
faba-244	31	22	the	the	DET
faba-244	31	23	united	united	PROPN
faba-244	31	24	states	states	PROPN
faba-244	31	25	(	(	PUNCT
faba-244	31	26	53.3	53.3	NUM
faba-244	31	27	%	%	NOUN
faba-244	31	28	)	)	PUNCT
faba-244	31	29	and	and	CCONJ
faba-244	31	30	the	the	DET
faba-244	31	31	eurozone	eurozone	NOUN
faba-244	31	32	(	(	PUNCT
faba-244	31	33	32.1	32.1	NUM
faba-244	31	34	%	%	NOUN
faba-244	31	35	)	)	PUNCT
faba-244	31	36	.	.	PUNCT
faba-244	32	1	as	as	ADP
faba-244	32	2	evident	evident	ADJ
faba-244	32	3	from	from	ADP
faba-244	32	4	this	this	PRON
faba-244	32	5	,	,	PUNCT
faba-244	32	6	in	in	ADP
faba-244	32	7	japan	japan	PROPN
faba-244	32	8	,	,	PUNCT
faba-244	32	9	funds	fund	NOUN
faba-244	32	10	tend	tend	VERB
faba-244	32	11	to	to	PART
faba-244	32	12	remain	remain	VERB
faba-244	32	13	in	in	ADP
faba-244	32	14	households	household	NOUN
faba-244	32	15	and	and	CCONJ
faba-244	32	16	banks	bank	NOUN
faba-244	32	17	.	.	PUNCT
faba-244	33	1	whether	whether	SCONJ
faba-244	33	2	funds	fund	NOUN
faba-244	33	3	flow	flow	VERB
faba-244	33	4	into	into	ADP
faba-244	33	5	the	the	DET
faba-244	33	6	economy	economy	NOUN
faba-244	33	7	depends	depend	VERB
faba-244	33	8	on	on	ADP
faba-244	33	9	the	the	DET
faba-244	33	10	behavior	behavior	NOUN
faba-244	33	11	of	of	ADP
faba-244	33	12	households	household	NOUN
faba-244	33	13	,	,	PUNCT
faba-244	33	14	banks	bank	NOUN
faba-244	33	15	,	,	PUNCT
faba-244	33	16	and	and	CCONJ
faba-244	33	17	macroeconomic	macroeconomic	ADJ
faba-244	33	18	trends	trend	NOUN
faba-244	33	19	.	.	PUNCT
faba-244	34	1	the	the	DET
faba-244	34	2	effective	effective	ADJ
faba-244	34	3	use	use	NOUN
faba-244	34	4	of	of	ADP
faba-244	34	5	household	household	NOUN
faba-244	34	6	financial	financial	ADJ
faba-244	34	7	assets	asset	NOUN
faba-244	34	8	that	that	PRON
faba-244	34	9	remain	remain	VERB
faba-244	34	10	as	as	ADP
faba-244	34	11	cash	cash	NOUN
faba-244	34	12	and	and	CCONJ
faba-244	34	13	deposits	deposit	NOUN
faba-244	34	14	is	be	AUX
faba-244	34	15	considered	consider	VERB
faba-244	34	16	a	a	DET
faba-244	34	17	challenge	challenge	NOUN
faba-244	34	18	in	in	ADP
faba-244	34	19	japan	japan	PROPN
faba-244	34	20	.	.	PUNCT
faba-244	35	1	source	source	NOUN
faba-244	35	2	:	:	PUNCT
faba-244	35	3	bank	bank	PROPN
faba-244	35	4	of	of	ADP
faba-244	35	5	japan	japan	PROPN
faba-244	35	6	,	,	PUNCT
faba-244	35	7	frb	frb	PROPN
faba-244	35	8	,	,	PUNCT
faba-244	35	9	ecb	ecb	NOUN
faba-244	35	10	note	note	NOUN
faba-244	35	11	:	:	PUNCT
faba-244	35	12	in	in	ADP
faba-244	35	13	the	the	DET
faba-244	35	14	us	us	PROPN
faba-244	35	15	,	,	PUNCT
faba-244	35	16	“	"	PUNCT
faba-244	35	17	stock	stock	NOUN
faba-244	35	18	etc	etc	X
faba-244	35	19	.	.	X
faba-244	35	20	”	"	PUNCT
faba-244	35	21	includes	include	VERB
faba-244	35	22	corporate	corporate	ADJ
faba-244	35	23	equity	equity	NOUN
faba-244	35	24	,	,	PUNCT
faba-244	35	25	proprietors	proprietor	NOUN
faba-244	35	26	’	'	PUNCT
faba-244	35	27	equity	equity	NOUN
faba-244	35	28	in	in	ADP
faba-244	35	29	noncorporate	noncorporate	ADJ
faba-244	35	30	business	business	NOUN
faba-244	35	31	,	,	PUNCT
faba-244	35	32	equity	equity	NOUN
faba-244	35	33	investment	investment	NOUN
faba-244	35	34	by	by	ADP
faba-244	35	35	parent	parent	NOUN
faba-244	35	36	holding	hold	VERB
faba-244	35	37	company	company	NOUN
faba-244	35	38	,	,	PUNCT
faba-244	35	39	and	and	CCONJ
faba-244	35	40	foreign	foreign	ADJ
faba-244	35	41	direct	direct	ADJ
faba-244	35	42	investment	investment	NOUN
faba-244	35	43	.	.	PUNCT
faba-244	36	1	the	the	DET
faba-244	36	2	eurozone	eurozone	NOUN
faba-244	36	3	includes	include	VERB
faba-244	36	4	listed	list	VERB
faba-244	36	5	shares	share	NOUN
faba-244	36	6	,	,	PUNCT
faba-244	36	7	unlisted	unlisted	ADJ
faba-244	36	8	shares	share	NOUN
faba-244	36	9	,	,	PUNCT
faba-244	36	10	and	and	CCONJ
faba-244	36	11	other	other	ADJ
faba-244	36	12	equity	equity	NOUN
faba-244	36	13	.	.	PUNCT
faba-244	37	1	figure1	figure1	PROPN
faba-244	37	2	.	.	PUNCT
faba-244	38	1	composition	composition	NOUN
faba-244	38	2	of	of	ADP
faba-244	38	3	household	household	NOUN
faba-244	38	4	financial	financial	ADJ
faba-244	38	5	assets	asset	NOUN
faba-244	38	6	japan	japan	PROPN
faba-244	38	7	us	us	PROPN
faba-244	38	8	euro	euro	PROPN
faba-244	38	9	area	area	NOUN
faba-244	38	10	cash	cash	NOUN
faba-244	38	11	/	/	SYM
faba-244	38	12	deposit	deposit	NOUN
faba-244	38	13	,	,	PUNCT
faba-244	38	14	50.9	50.9	NUM
faba-244	38	15	%	%	NOUN
faba-244	38	16	debt	debt	NOUN
faba-244	38	17	securities	security	NOUN
faba-244	38	18	,	,	PUNCT
faba-244	38	19	1.3	1.3	NUM
faba-244	38	20	%	%	NOUN
faba-244	38	21	mutual	mutual	ADJ
faba-244	38	22	fund	fund	NOUN
faba-244	38	23	shares	share	NOUN
faba-244	38	24	,	,	PUNCT
faba-244	38	25	5.4	5.4	NUM
faba-244	38	26	%	%	NOUN
faba-244	38	27	stock	stock	NOUN
faba-244	38	28	etc	etc	X
faba-244	38	29	.	.	X
faba-244	38	30	,	,	PUNCT
faba-244	38	31	14.2	14.2	NUM
faba-244	38	32	%	%	NOUN
faba-244	38	33	life	life	NOUN
faba-244	38	34	insurance	insurance	NOUN
faba-244	38	35	reserves	reserve	NOUN
faba-244	38	36	,	,	PUNCT
faba-244	38	37	pension	pension	NOUN
faba-244	38	38	entitlements	entitlement	NOUN
faba-244	38	39	,	,	PUNCT
faba-244	38	40	24.6	24.6	NUM
faba-244	38	41	%	%	NOUN
faba-244	38	42	others	other	NOUN
faba-244	38	43	,	,	PUNCT
faba-244	38	44	3.6	3.6	NUM
faba-244	38	45	%	%	NOUN
faba-244	38	46	11.7	11.7	NUM
faba-244	38	47	%	%	NOUN
faba-244	38	48	4.6	4.6	NUM
faba-244	38	49	%	%	NOUN
faba-244	38	50	12.8	12.8	NUM
faba-244	38	51	%	%	NOUN
faba-244	38	52	40.5	40.5	NUM
faba-244	38	53	%	%	NOUN
faba-244	38	54	27.7	27.7	NUM
faba-244	38	55	%	%	NOUN
faba-244	38	56	2.7	2.7	NUM
faba-244	38	57	%	%	NOUN
faba-244	38	58	34.1	34.1	NUM
faba-244	38	59	%	%	NOUN
faba-244	38	60	3.1	3.1	NUM
faba-244	38	61	%	%	NOUN
faba-244	38	62	10.6	10.6	NUM
faba-244	38	63	%	%	NOUN
faba-244	38	64	21.5	21.5	NUM
faba-244	38	65	%	%	NOUN
faba-244	38	66	28.7	28.7	NUM
faba-244	38	67	%	%	NOUN
faba-244	38	68	2.0	2.0	NUM
faba-244	38	69	%	%	NOUN
faba-244	38	70	shin	shin	NOUN
faba-244	38	71	fukuda	fukuda	PROPN
faba-244	38	72	and	and	CCONJ
faba-244	38	73	luna	luna	PROPN
faba-244	38	74	akahira/	akahira/	NUM
faba-244	38	75	finance	finance	NOUN
faba-244	38	76	,	,	PUNCT
faba-244	38	77	accounting	accounting	NOUN
faba-244	38	78	and	and	CCONJ
faba-244	38	79	business	business	NOUN
faba-244	38	80	analysis	analysis	NOUN
faba-244	38	81	,	,	PUNCT
faba-244	38	82	volume	volume	NOUN
faba-244	38	83	6	6	NUM
faba-244	38	84	,	,	PUNCT
faba-244	38	85	issue	issue	NOUN
faba-244	38	86	2	2	NUM
faba-244	38	87	,	,	PUNCT
faba-244	38	88	2024	2024	NUM
faba-244	38	89	198	198	NUM
faba-244	38	90	particularly	particularly	ADV
faba-244	38	91	,	,	PUNCT
faba-244	38	92	the	the	DET
faba-244	38	93	nisa	nisa	PROPN
faba-244	38	94	is	be	AUX
faba-244	38	95	expected	expect	VERB
faba-244	38	96	to	to	PART
faba-244	38	97	encourage	encourage	VERB
faba-244	38	98	individual	individual	ADJ
faba-244	38	99	investments	investment	NOUN
faba-244	38	100	.	.	PUNCT
faba-244	39	1	nisa	nisa	PROPN
faba-244	39	2	is	be	AUX
faba-244	39	3	a	a	DET
faba-244	39	4	tax	tax	NOUN
faba-244	39	5	-	-	PUNCT
faba-244	39	6	free	free	ADJ
faba-244	39	7	system	system	NOUN
faba-244	39	8	for	for	ADP
faba-244	39	9	investment	investment	NOUN
faba-244	39	10	gains	gain	NOUN
faba-244	39	11	and	and	CCONJ
faba-244	39	12	dividends	dividend	NOUN
faba-244	39	13	introduced	introduce	VERB
faba-244	39	14	in	in	ADP
faba-244	39	15	japan	japan	PROPN
faba-244	39	16	in	in	ADP
faba-244	39	17	2014	2014	NUM
faba-244	39	18	and	and	CCONJ
faba-244	39	19	modeled	model	VERB
faba-244	39	20	on	on	ADP
faba-244	39	21	the	the	DET
faba-244	39	22	uk	uk	PROPN
faba-244	39	23	individual	individual	ADJ
faba-244	39	24	savings	saving	NOUN
faba-244	39	25	account	account	NOUN
faba-244	39	26	(	(	PUNCT
faba-244	39	27	isa	isa	NOUN
faba-244	39	28	)	)	PUNCT
faba-244	39	29	.	.	PUNCT
faba-244	40	1	its	its	PRON
faba-244	40	2	features	feature	NOUN
faba-244	40	3	include	include	VERB
faba-244	40	4	(	(	PUNCT
faba-244	40	5	i	i	NOUN
faba-244	40	6	)	)	PUNCT
faba-244	40	7	tax	tax	NOUN
faba-244	40	8	exemptions	exemption	NOUN
faba-244	40	9	,	,	PUNCT
faba-244	40	10	(	(	PUNCT
faba-244	40	11	ii	ii	NOUN
faba-244	40	12	)	)	PUNCT
faba-244	40	13	the	the	DET
faba-244	40	14	ability	ability	NOUN
faba-244	40	15	to	to	PART
faba-244	40	16	invest	invest	VERB
faba-244	40	17	from	from	ADP
faba-244	40	18	small	small	ADJ
faba-244	40	19	amounts	amount	NOUN
faba-244	40	20	,	,	PUNCT
faba-244	40	21	and	and	CCONJ
faba-244	40	22	(	(	PUNCT
faba-244	40	23	iii	iii	X
faba-244	40	24	)	)	PUNCT
faba-244	40	25	the	the	DET
faba-244	40	26	benefits	benefit	NOUN
faba-244	40	27	of	of	ADP
faba-244	40	28	long	long	ADJ
faba-244	40	29	-	-	PUNCT
faba-244	40	30	term	term	NOUN
faba-244	40	31	management	management	NOUN
faba-244	40	32	.	.	PUNCT
faba-244	41	1	there	there	PRON
faba-244	41	2	are	be	VERB
faba-244	41	3	three	three	NUM
faba-244	41	4	types	type	NOUN
faba-244	41	5	of	of	ADP
faba-244	41	6	nisas	nisa	NOUN
faba-244	41	7	:	:	PUNCT
faba-244	41	8	general	general	PROPN
faba-244	41	9	nisa	nisa	PROPN
faba-244	41	10	,	,	PUNCT
faba-244	41	11	tsumitate	tsumitate	ADJ
faba-244	41	12	nisa	nisa	PROPN
faba-244	41	13	,	,	PUNCT
faba-244	41	14	and	and	CCONJ
faba-244	41	15	junior	junior	PROPN
faba-244	41	16	nisa	nisa	PROPN
faba-244	41	17	,	,	PUNCT
faba-244	41	18	which	which	PRON
faba-244	41	19	differ	differ	VERB
faba-244	41	20	in	in	ADP
faba-244	41	21	terms	term	NOUN
faba-244	41	22	of	of	ADP
faba-244	41	23	investment	investment	NOUN
faba-244	41	24	limits	limit	NOUN
faba-244	41	25	and	and	CCONJ
faba-244	41	26	target	target	NOUN
faba-244	41	27	products	product	NOUN
faba-244	41	28	.	.	PUNCT
faba-244	42	1	general	general	PROPN
faba-244	42	2	nisa	nisa	PROPN
faba-244	42	3	was	be	AUX
faba-244	42	4	introduced	introduce	VERB
faba-244	42	5	in	in	ADP
faba-244	42	6	january	january	PROPN
faba-244	42	7	2014	2014	NUM
faba-244	42	8	with	with	ADP
faba-244	42	9	an	an	DET
faba-244	42	10	annual	annual	ADJ
faba-244	42	11	tax	tax	NOUN
faba-244	42	12	-	-	PUNCT
faba-244	42	13	free	free	ADJ
faba-244	42	14	amount	amount	NOUN
faba-244	42	15	of	of	ADP
faba-244	42	16	1,200,000	1,200,000	NUM
faba-244	42	17	yen	yen	NOUN
faba-244	42	18	,	,	PUNCT
faba-244	42	19	and	and	CCONJ
faba-244	42	20	dividends	dividend	NOUN
faba-244	42	21	and	and	CCONJ
faba-244	42	22	capital	capital	NOUN
faba-244	42	23	gains	gain	NOUN
faba-244	42	24	are	be	AUX
faba-244	42	25	tax	tax	NOUN
faba-244	42	26	-	-	PUNCT
faba-244	42	27	free	free	ADJ
faba-244	42	28	.	.	PUNCT
faba-244	43	1	the	the	DET
faba-244	43	2	tax	tax	NOUN
faba-244	43	3	exemption	exemption	NOUN
faba-244	43	4	period	period	NOUN
faba-244	43	5	is	be	AUX
faba-244	43	6	five	five	NUM
faba-244	43	7	years	year	NOUN
faba-244	43	8	.	.	PUNCT
faba-244	44	1	eligible	eligible	ADJ
faba-244	44	2	users	user	NOUN
faba-244	44	3	are	be	AUX
faba-244	44	4	people	people	NOUN
faba-244	44	5	aged	age	VERB
faba-244	44	6	20	20	NUM
faba-244	44	7	or	or	CCONJ
faba-244	44	8	older	old	ADJ
faba-244	44	9	living	living	NOUN
faba-244	44	10	in	in	ADP
faba-244	44	11	japan	japan	PROPN
faba-244	44	12	(	(	PUNCT
faba-244	44	13	however	however	ADV
faba-244	44	14	,	,	PUNCT
faba-244	44	15	from	from	ADP
faba-244	44	16	january	january	PROPN
faba-244	44	17	1	1	NUM
faba-244	44	18	,	,	PUNCT
faba-244	44	19	2023	2023	NUM
faba-244	44	20	,	,	PUNCT
faba-244	44	21	this	this	PRON
faba-244	44	22	will	will	AUX
faba-244	44	23	change	change	VERB
faba-244	44	24	to	to	ADP
faba-244	44	25	those	those	DET
faba-244	44	26	aged	aged	ADJ
faba-244	44	27	18	18	NUM
faba-244	44	28	or	or	CCONJ
faba-244	44	29	older	old	ADJ
faba-244	44	30	)	)	PUNCT
faba-244	44	31	.	.	PUNCT
faba-244	45	1	financial	financial	ADJ
faba-244	45	2	products	product	NOUN
faba-244	45	3	eligible	eligible	ADJ
faba-244	45	4	for	for	ADP
faba-244	45	5	investment	investment	NOUN
faba-244	45	6	include	include	VERB
faba-244	45	7	listed	list	VERB
faba-244	45	8	stocks	stock	NOUN
faba-244	45	9	,	,	PUNCT
faba-244	45	10	equity	equity	NOUN
faba-244	45	11	investment	investment	NOUN
faba-244	45	12	trusts	trust	NOUN
faba-244	45	13	,	,	PUNCT
faba-244	45	14	exchange	exchange	NOUN
faba-244	45	15	traded	trade	VERB
faba-244	45	16	funds	fund	NOUN
faba-244	45	17	(	(	PUNCT
faba-244	45	18	etfs	etfs	PROPN
faba-244	45	19	)	)	PUNCT
faba-244	45	20	,	,	PUNCT
faba-244	45	21	and	and	CCONJ
faba-244	45	22	japan	japan	PROPN
faba-244	45	23	real	real	ADJ
faba-244	45	24	estate	estate	NOUN
faba-244	45	25	investment	investment	NOUN
faba-244	45	26	trusts	trust	NOUN
faba-244	45	27	(	(	PUNCT
faba-244	45	28	j	j	NOUN
faba-244	45	29	-	-	PUNCT
faba-244	45	30	reits	reit	NOUN
faba-244	45	31	)	)	PUNCT
faba-244	45	32	.	.	PUNCT
faba-244	46	1	tsumitate	tsumitate	PROPN
faba-244	46	2	nisa	nisa	PROPN
faba-244	46	3	was	be	AUX
faba-244	46	4	introduced	introduce	VERB
faba-244	46	5	in	in	ADP
faba-244	46	6	january	january	PROPN
faba-244	46	7	2018	2018	NUM
faba-244	46	8	,	,	PUNCT
faba-244	46	9	and	and	CCONJ
faba-244	46	10	the	the	DET
faba-244	46	11	annual	annual	ADJ
faba-244	46	12	tax	tax	NOUN
faba-244	46	13	-	-	PUNCT
faba-244	46	14	free	free	ADJ
faba-244	46	15	amount	amount	NOUN
faba-244	46	16	is	be	AUX
faba-244	46	17	400,000yen	400,000yen	NOUN
faba-244	46	18	.	.	PUNCT
faba-244	47	1	dividends	dividend	NOUN
faba-244	47	2	and	and	CCONJ
faba-244	47	3	capital	capital	NOUN
faba-244	47	4	gains	gain	NOUN
faba-244	47	5	are	be	AUX
faba-244	47	6	tax	tax	NOUN
faba-244	47	7	free	free	ADJ
faba-244	47	8	.	.	PUNCT
faba-244	48	1	this	this	DET
faba-244	48	2	amount	amount	NOUN
faba-244	48	3	is	be	AUX
faba-244	48	4	smaller	small	ADJ
faba-244	48	5	than	than	ADP
faba-244	48	6	that	that	PRON
faba-244	48	7	of	of	ADP
faba-244	48	8	the	the	DET
faba-244	48	9	general	general	PROPN
faba-244	48	10	nisa	nisa	PROPN
faba-244	48	11	;	;	PUNCT
faba-244	48	12	however	however	ADV
faba-244	48	13	,	,	PUNCT
faba-244	48	14	the	the	DET
faba-244	48	15	tax	tax	NOUN
faba-244	48	16	-	-	PUNCT
faba-244	48	17	free	free	ADJ
faba-244	48	18	period	period	NOUN
faba-244	48	19	is	be	AUX
faba-244	48	20	20	20	NUM
faba-244	48	21	years	year	NOUN
faba-244	48	22	.	.	PUNCT
faba-244	49	1	in	in	ADP
faba-244	49	2	addition	addition	NOUN
faba-244	49	3	,	,	PUNCT
faba-244	49	4	unlike	unlike	ADP
faba-244	49	5	the	the	DET
faba-244	49	6	general	general	PROPN
faba-244	49	7	nisa	nisa	PROPN
faba-244	49	8	,	,	PUNCT
faba-244	49	9	this	this	PRON
faba-244	49	10	is	be	AUX
faba-244	49	11	a	a	DET
faba-244	49	12	long	long	ADJ
faba-244	49	13	-	-	PUNCT
faba-244	49	14	term	term	NOUN
faba-244	49	15	investment	investment	NOUN
faba-244	49	16	plan	plan	NOUN
faba-244	49	17	.	.	PUNCT
faba-244	50	1	therefore	therefore	ADV
faba-244	50	2	,	,	PUNCT
faba-244	50	3	since	since	SCONJ
faba-244	50	4	a	a	DET
faba-244	50	5	fixed	fix	VERB
faba-244	50	6	amount	amount	NOUN
faba-244	50	7	is	be	AUX
faba-244	50	8	saved	save	VERB
faba-244	50	9	into	into	ADP
faba-244	50	10	nisa	nisa	PROPN
faba-244	50	11	every	every	DET
faba-244	50	12	month	month	NOUN
faba-244	50	13	,	,	PUNCT
faba-244	50	14	it	it	PRON
faba-244	50	15	is	be	AUX
faba-244	50	16	a	a	DET
faba-244	50	17	beneficial	beneficial	ADJ
faba-244	50	18	system	system	NOUN
faba-244	50	19	for	for	ADP
faba-244	50	20	those	those	PRON
faba-244	50	21	who	who	PRON
faba-244	50	22	want	want	VERB
faba-244	50	23	to	to	PART
faba-244	50	24	make	make	VERB
faba-244	50	25	their	their	PRON
faba-244	50	26	own	own	ADJ
faba-244	50	27	long	long	ADJ
faba-244	50	28	-	-	PUNCT
faba-244	50	29	term	term	NOUN
faba-244	50	30	asset	asset	NOUN
faba-244	50	31	plans	plan	NOUN
faba-244	50	32	.	.	PUNCT
faba-244	51	1	additionally	additionally	ADV
faba-244	51	2	,	,	PUNCT
faba-244	51	3	we	we	PRON
faba-244	51	4	can	can	AUX
faba-244	51	5	not	not	PART
faba-244	51	6	simultaneously	simultaneously	ADV
faba-244	51	7	use	use	VERB
faba-244	51	8	the	the	DET
faba-244	51	9	general	general	ADJ
faba-244	51	10	nisa	nisa	PROPN
faba-244	51	11	and	and	CCONJ
faba-244	51	12	tsumitate	tsumitate	VERB
faba-244	51	13	nisa	nisa	PROPN
faba-244	51	14	.	.	PUNCT
faba-244	52	1	in	in	ADP
faba-244	52	2	fact	fact	NOUN
faba-244	52	3	,	,	PUNCT
faba-244	52	4	looking	look	VERB
faba-244	52	5	at	at	ADP
faba-244	52	6	the	the	DET
faba-244	52	7	composition	composition	NOUN
faba-244	52	8	of	of	ADP
faba-244	52	9	household	household	NOUN
faba-244	52	10	financial	financial	ADJ
faba-244	52	11	assets	asset	NOUN
faba-244	52	12	,	,	PUNCT
faba-244	52	13	cash	cash	NOUN
faba-244	52	14	and	and	CCONJ
faba-244	52	15	deposits	deposit	NOUN
faba-244	52	16	have	have	AUX
faba-244	52	17	decreased	decrease	VERB
faba-244	52	18	from	from	ADP
faba-244	52	19	55.1	55.1	NUM
faba-244	52	20	%	%	NOUN
faba-244	52	21	in	in	ADP
faba-244	52	22	2010	2010	NUM
faba-244	52	23	to	to	ADP
faba-244	52	24	50.9	50.9	NUM
faba-244	52	25	%	%	NOUN
faba-244	52	26	in	in	ADP
faba-244	52	27	2023	2023	NUM
faba-244	52	28	,	,	PUNCT
faba-244	52	29	while	while	SCONJ
faba-244	52	30	the	the	DET
faba-244	52	31	combined	combined	ADJ
faba-244	52	32	total	total	NOUN
faba-244	52	33	of	of	ADP
faba-244	52	34	listed	list	VERB
faba-244	52	35	stocks	stock	NOUN
faba-244	52	36	and	and	CCONJ
faba-244	52	37	investment	investment	NOUN
faba-244	52	38	trusts	trust	NOUN
faba-244	52	39	have	have	AUX
faba-244	52	40	increased	increase	VERB
faba-244	52	41	from	from	ADP
faba-244	52	42	9.8	9.8	NUM
faba-244	52	43	%	%	NOUN
faba-244	52	44	to	to	ADP
faba-244	52	45	19.6	19.6	NUM
faba-244	52	46	%	%	NOUN
faba-244	52	47	.	.	PUNCT
faba-244	53	1	figure	figure	NOUN
faba-244	53	2	2	2	NUM
faba-244	53	3	shows	show	VERB
faba-244	53	4	the	the	DET
faba-244	53	5	trends	trend	NOUN
faba-244	53	6	in	in	ADP
faba-244	53	7	the	the	DET
faba-244	53	8	market	market	NOUN
faba-244	53	9	capitalization	capitalization	NOUN
faba-244	53	10	of	of	ADP
faba-244	53	11	stocks	stock	NOUN
faba-244	53	12	on	on	ADP
faba-244	53	13	the	the	DET
faba-244	53	14	tokyo	tokyo	PROPN
faba-244	53	15	stock	stock	NOUN
faba-244	53	16	exchange	exchange	PROPN
faba-244	53	17	and	and	CCONJ
faba-244	53	18	nisa	nisa	PROPN
faba-244	53	19	balances	balance	NOUN
faba-244	53	20	.	.	PUNCT
faba-244	54	1	source	source	NOUN
faba-244	54	2	:	:	PUNCT
faba-244	54	3	financial	financial	ADJ
faba-244	54	4	services	service	NOUN
faba-244	54	5	agency	agency	PROPN
faba-244	54	6	figure2	figure2	PROPN
faba-244	54	7	.	.	PUNCT
faba-244	55	1	stock	stock	NOUN
faba-244	55	2	market	market	NOUN
faba-244	55	3	capitalization	capitalization	NOUN
faba-244	55	4	and	and	CCONJ
faba-244	55	5	nisa	nisa	PROPN
faba-244	55	6	balance	balance	NOUN
faba-244	55	7	we	we	PRON
faba-244	55	8	can	can	AUX
faba-244	55	9	see	see	VERB
faba-244	55	10	that	that	SCONJ
faba-244	55	11	japan	japan	PROPN
faba-244	55	12	's	's	PART
faba-244	55	13	asset	asset	NOUN
faba-244	55	14	balance	balance	NOUN
faba-244	55	15	has	have	AUX
faba-244	55	16	been	be	AUX
faba-244	55	17	steadily	steadily	ADV
faba-244	55	18	increasing	increase	VERB
faba-244	55	19	,	,	PUNCT
faba-244	55	20	but	but	CCONJ
faba-244	55	21	its	its	PRON
faba-244	55	22	size	size	NOUN
faba-244	55	23	is	be	AUX
faba-244	55	24	less	less	ADJ
faba-244	55	25	than	than	ADP
faba-244	55	26	1	1	NUM
faba-244	55	27	%	%	NOUN
faba-244	55	28	of	of	ADP
faba-244	55	29	that	that	PRON
faba-244	55	30	of	of	ADP
faba-244	55	31	the	the	DET
faba-244	55	32	united	united	PROPN
faba-244	55	33	states	states	PROPN
faba-244	55	34	.	.	PUNCT
faba-244	56	1	on	on	ADP
faba-244	56	2	the	the	DET
faba-244	56	3	other	other	ADJ
faba-244	56	4	hand	hand	NOUN
faba-244	56	5	,	,	PUNCT
faba-244	56	6	market	market	NOUN
faba-244	56	7	capitalization	capitalization	NOUN
faba-244	56	8	and	and	CCONJ
faba-244	56	9	nisa	nisa	PROPN
faba-244	56	10	are	be	AUX
faba-244	56	11	linked	link	VERB
faba-244	56	12	.	.	PUNCT
faba-244	57	1	in	in	ADP
faba-244	57	2	addition	addition	NOUN
faba-244	57	3	,	,	PUNCT
faba-244	57	4	since	since	SCONJ
faba-244	57	5	nisa	nisa	PROPN
faba-244	57	6	is	be	AUX
faba-244	57	7	composed	compose	VERB
faba-244	57	8	only	only	ADV
faba-244	57	9	of	of	ADP
faba-244	57	10	risk	risk	NOUN
faba-244	57	11	assets	asset	NOUN
faba-244	57	12	,	,	PUNCT
faba-244	57	13	the	the	DET
faba-244	57	14	expansion	expansion	NOUN
faba-244	57	15	of	of	ADP
faba-244	57	16	nisa	nisa	PROPN
faba-244	57	17	is	be	AUX
faba-244	57	18	expected	expect	VERB
faba-244	57	19	to	to	PART
faba-244	57	20	change	change	VERB
faba-244	57	21	household	household	NOUN
faba-244	57	22	asset	asset	NOUN
faba-244	57	23	formation	formation	NOUN
faba-244	57	24	.	.	PUNCT
faba-244	58	1	this	this	DET
faba-244	58	2	study	study	NOUN
faba-244	58	3	examines	examine	VERB
faba-244	58	4	how	how	SCONJ
faba-244	58	5	investor	investor	NOUN
faba-244	58	6	psychology	psychology	NOUN
faba-244	58	7	,	,	PUNCT
faba-244	58	8	basic	basic	ADJ
faba-244	58	9	finance	finance	NOUN
faba-244	58	10	knowledge	knowledge	NOUN
faba-244	58	11	,	,	PUNCT
faba-244	58	12	and	and	CCONJ
faba-244	58	13	financial	financial	ADJ
faba-244	58	14	literacy	literacy	NOUN
faba-244	58	15	influence	influence	PROPN
faba-244	58	16	nisa	nisa	PROPN
faba-244	58	17	choices	choice	NOUN
faba-244	58	18	.	.	PUNCT
faba-244	59	1	the	the	DET
faba-244	59	2	data	datum	NOUN
faba-244	59	3	comes	come	VERB
faba-244	59	4	from	from	ADP
faba-244	59	5	a	a	DET
faba-244	59	6	survey	survey	NOUN
faba-244	59	7	of	of	ADP
faba-244	59	8	5,000	5,000	NUM
faba-244	59	9	individuals	individual	NOUN
faba-244	59	10	conducted	conduct	VERB
faba-244	59	11	by	by	ADP
faba-244	59	12	the	the	DET
faba-244	59	13	japan	japan	PROPN
faba-244	59	14	securities	securities	PROPN
faba-244	59	15	dealers	dealers	PROPN
faba-244	59	16	association	association	PROPN
faba-244	59	17	in	in	ADP
faba-244	59	18	the	the	DET
faba-244	59	19	“	"	PUNCT
faba-244	59	20	survey	survey	NOUN
faba-244	59	21	on	on	ADP
faba-244	59	22	attitudes	attitude	NOUN
faba-244	59	23	of	of	ADP
faba-244	59	24	individual	individual	ADJ
faba-244	59	25	investors	investor	NOUN
faba-244	59	26	regarding	regard	VERB
faba-244	59	27	securities	security	NOUN
faba-244	59	28	investment	investment	NOUN
faba-244	59	29	.	.	PUNCT
faba-244	59	30	”	"	PUNCT
faba-244	60	1	the	the	DET
faba-244	60	2	remainder	remainder	NOUN
faba-244	60	3	of	of	ADP
faba-244	60	4	this	this	DET
faba-244	60	5	paper	paper	NOUN
faba-244	60	6	is	be	AUX
faba-244	60	7	organized	organize	VERB
faba-244	60	8	as	as	SCONJ
faba-244	60	9	follows	follow	VERB
faba-244	60	10	:	:	PUNCT
faba-244	60	11	section	section	NOUN
faba-244	60	12	2	2	NUM
faba-244	60	13	reviews	review	NOUN
faba-244	60	14	previous	previous	ADJ
faba-244	60	15	research	research	NOUN
faba-244	60	16	on	on	ADP
faba-244	60	17	individual	individual	ADJ
faba-244	60	18	investment	investment	NOUN
faba-244	60	19	,	,	PUNCT
faba-244	60	20	section	section	NOUN
faba-244	60	21	3	3	NUM
faba-244	60	22	outlines	outline	VERB
faba-244	60	23	analytical	analytical	ADJ
faba-244	60	24	methods	method	NOUN
faba-244	60	25	and	and	CCONJ
faba-244	60	26	data	datum	NOUN
faba-244	60	27	,	,	PUNCT
faba-244	60	28	and	and	CCONJ
faba-244	60	29	section	section	NOUN
faba-244	60	30	4	4	NUM
faba-244	60	31	presents	present	NOUN
faba-244	60	32	estimates	estimate	NOUN
faba-244	60	33	and	and	CCONJ
faba-244	60	34	discussion	discussion	NOUN
faba-244	60	35	.	.	PUNCT
faba-244	61	1	related	related	ADJ
faba-244	61	2	literatures	literature	NOUN
faba-244	61	3	many	many	ADJ
faba-244	61	4	studies	study	NOUN
faba-244	61	5	have	have	AUX
faba-244	61	6	focused	focus	VERB
faba-244	61	7	on	on	ADP
faba-244	61	8	individual	individual	ADJ
faba-244	61	9	investments	investment	NOUN
faba-244	61	10	.	.	PUNCT
faba-244	62	1	horioka	horioka	PROPN
faba-244	62	2	and	and	CCONJ
faba-244	62	3	watanabe	watanabe	PROPN
faba-244	62	4	(	(	PUNCT
faba-244	62	5	1997	1997	NUM
faba-244	62	6	)	)	PUNCT
faba-244	62	7	used	use	VERB
faba-244	62	8	microdata	microdata	NOUN
faba-244	62	9	from	from	ADP
faba-244	62	10	a	a	DET
faba-244	62	11	japanese	japanese	ADJ
faba-244	62	12	government	government	NOUN
faba-244	62	13	survey	survey	NOUN
faba-244	62	14	to	to	PART
faba-244	62	15	estimate	estimate	VERB
faba-244	62	16	how	how	SCONJ
faba-244	62	17	total	total	ADJ
faba-244	62	18	savings	saving	NOUN
faba-244	62	19	from	from	ADP
faba-244	62	20	12	12	NUM
faba-244	62	21	different	different	ADJ
faba-244	62	22	motives	motive	NOUN
faba-244	62	23	contribute	contribute	VERB
faba-244	62	24	to	to	ADP
faba-244	62	25	200	200	NUM
faba-244	62	26	400	400	NUM
faba-244	62	27	600	600	NUM
faba-244	62	28	800	800	NUM
faba-244	62	29	1000	1000	NUM
faba-244	62	30	1200	1200	NUM
faba-244	62	31	0	0	NUM
faba-244	62	32	0	0	NUM
faba-244	62	33	10	10	NUM
faba-244	62	34	20	20	NUM
faba-244	62	35	30	30	NUM
faba-244	62	36	40	40	NUM
faba-244	62	37	50	50	NUM
faba-244	62	38	general	general	ADJ
faba-244	62	39	nisa	nisa	PROPN
faba-244	62	40	tsumitate	tsumitate	PROPN
faba-244	62	41	nisa	nisa	PROPN
faba-244	62	42	market	market	NOUN
faba-244	62	43	capitalization	capitalization	NOUN
faba-244	62	44	(	(	PUNCT
faba-244	62	45	left	leave	VERB
faba-244	62	46	)	)	PUNCT
faba-244	63	1	2	2	NUM
faba-244	63	2	0	0	NUM
faba-244	63	3	0	0	NUM
faba-244	63	4	9	9	NUM
faba-244	63	5	2	2	NUM
faba-244	63	6	0	0	NUM
faba-244	63	7	1	1	NUM
faba-244	63	8	0	0	NUM
faba-244	63	9	2	2	NUM
faba-244	63	10	0	0	NUM
faba-244	63	11	1	1	NUM
faba-244	63	12	1	1	NUM
faba-244	63	13	2	2	NUM
faba-244	63	14	0	0	NUM
faba-244	63	15	1	1	NUM
faba-244	63	16	2	2	NUM
faba-244	63	17	2	2	NUM
faba-244	63	18	0	0	NUM
faba-244	63	19	1	1	NUM
faba-244	63	20	3	3	NUM
faba-244	63	21	2	2	NUM
faba-244	63	22	0	0	NUM
faba-244	63	23	1	1	NUM
faba-244	63	24	4	4	NUM
faba-244	63	25	2	2	NUM
faba-244	63	26	0	0	NUM
faba-244	63	27	1	1	NUM
faba-244	63	28	5	5	NUM
faba-244	63	29	2	2	NUM
faba-244	63	30	0	0	NUM
faba-244	63	31	1	1	NUM
faba-244	63	32	6	6	NUM
faba-244	63	33	2	2	NUM
faba-244	63	34	0	0	NUM
faba-244	63	35	1	1	NUM
faba-244	63	36	7	7	NUM
faba-244	63	37	2	2	NUM
faba-244	63	38	0	0	NUM
faba-244	63	39	1	1	NUM
faba-244	63	40	8	8	NUM
faba-244	63	41	2	2	NUM
faba-244	63	42	0	0	NUM
faba-244	63	43	1	1	NUM
faba-244	63	44	9	9	NUM
faba-244	63	45	2	2	NUM
faba-244	63	46	0	0	NUM
faba-244	63	47	2	2	NUM
faba-244	63	48	0	0	NUM
faba-244	63	49	2	2	NUM
faba-244	63	50	0	0	NUM
faba-244	63	51	2	2	NUM
faba-244	63	52	1	1	NUM
faba-244	63	53	2	2	NUM
faba-244	63	54	0	0	NUM
faba-244	63	55	2	2	NUM
faba-244	63	56	2	2	NUM
faba-244	63	57	2	2	NUM
faba-244	63	58	0	0	NUM
faba-244	63	59	2	2	NUM
faba-244	63	60	3	3	NUM
faba-244	63	61	tr	tr	PROPN
faba-244	63	62	il	il	PROPN
faba-244	63	63	li	li	PROPN
faba-244	63	64	o	o	PROPN
faba-244	63	65	n	n	CCONJ
faba-244	63	66	y	y	PROPN
faba-244	63	67	en	en	X
faba-244	63	68	tr	tr	PROPN
faba-244	63	69	il	il	PROPN
faba-244	63	70	li	li	PROPN
faba-244	63	71	o	o	PROPN
faba-244	63	72	n	n	CCONJ
faba-244	63	73	y	y	PROPN
faba-244	63	74	en	en	X
faba-244	63	75	shin	shin	PROPN
faba-244	63	76	fukuda	fukuda	PROPN
faba-244	63	77	and	and	CCONJ
faba-244	63	78	luna	luna	PROPN
faba-244	63	79	akahira/	akahira/	NUM
faba-244	63	80	finance	finance	NOUN
faba-244	63	81	,	,	PUNCT
faba-244	63	82	accounting	accounting	NOUN
faba-244	63	83	and	and	CCONJ
faba-244	63	84	business	business	NOUN
faba-244	63	85	analysis	analysis	NOUN
faba-244	63	86	,	,	PUNCT
faba-244	63	87	volume	volume	NOUN
faba-244	63	88	6	6	NUM
faba-244	63	89	,	,	PUNCT
faba-244	63	90	issue	issue	NOUN
faba-244	63	91	2	2	NUM
faba-244	63	92	,	,	PUNCT
faba-244	63	93	2024	2024	NUM
faba-244	63	94	199	199	NUM
faba-244	63	95	total	total	ADJ
faba-244	63	96	household	household	NOUN
faba-244	63	97	savings	saving	NOUN
faba-244	63	98	.	.	PUNCT
faba-244	64	1	generally	generally	ADV
faba-244	64	2	,	,	PUNCT
faba-244	64	3	household	household	NOUN
faba-244	64	4	saving	saving	NOUN
faba-244	64	5	motives	motive	NOUN
faba-244	64	6	are	be	AUX
faba-244	64	7	classified	classify	VERB
faba-244	64	8	into	into	ADP
faba-244	64	9	(	(	PUNCT
faba-244	64	10	i	i	NOUN
faba-244	64	11	)	)	PUNCT
faba-244	64	12	life	life	NOUN
faba-244	64	13	-	-	PUNCT
faba-244	64	14	cycle	cycle	NOUN
faba-244	64	15	motives	motive	NOUN
faba-244	64	16	,	,	PUNCT
faba-244	64	17	(	(	PUNCT
faba-244	64	18	ii	ii	NOUN
faba-244	64	19	)	)	PUNCT
faba-244	64	20	precautionary	precautionary	ADJ
faba-244	64	21	motives	motive	NOUN
faba-244	64	22	,	,	PUNCT
faba-244	64	23	and	and	CCONJ
faba-244	64	24	(	(	PUNCT
faba-244	64	25	iii	iii	X
faba-244	64	26	)	)	PUNCT
faba-244	64	27	bequest	bequest	NOUN
faba-244	64	28	motives	motive	NOUN
faba-244	64	29	.	.	PUNCT
faba-244	65	1	horioka	horioka	PROPN
faba-244	65	2	and	and	CCONJ
faba-244	65	3	watanabe	watanabe	PROPN
faba-244	65	4	(	(	PUNCT
faba-244	65	5	1997	1997	NUM
faba-244	65	6	)	)	PUNCT
faba-244	65	7	points	point	VERB
faba-244	65	8	out	out	ADP
faba-244	65	9	that	that	PRON
faba-244	65	10	of	of	ADP
faba-244	65	11	the	the	DET
faba-244	65	12	12	12	NUM
faba-244	65	13	motives	motive	NOUN
faba-244	65	14	,	,	PUNCT
faba-244	65	15	retirement	retirement	NOUN
faba-244	65	16	and	and	CCONJ
faba-244	65	17	two	two	NUM
faba-244	65	18	preventive	preventive	ADJ
faba-244	65	19	motives	motive	NOUN
faba-244	65	20	(	(	PUNCT
faba-244	65	21	illness	illness	NOUN
faba-244	65	22	and	and	CCONJ
faba-244	65	23	peace	peace	NOUN
faba-244	65	24	of	of	ADP
faba-244	65	25	mind	mind	NOUN
faba-244	65	26	)	)	PUNCT
faba-244	65	27	are	be	AUX
faba-244	65	28	the	the	DET
faba-244	65	29	most	most	ADV
faba-244	65	30	significant	significant	ADJ
faba-244	65	31	,	,	PUNCT
faba-244	65	32	while	while	SCONJ
faba-244	65	33	net	net	ADJ
faba-244	65	34	savings	saving	NOUN
faba-244	65	35	from	from	ADP
faba-244	65	36	bequest	bequest	NOUN
faba-244	65	37	motives	motive	NOUN
faba-244	65	38	account	account	VERB
faba-244	65	39	for	for	ADP
faba-244	65	40	only	only	ADV
faba-244	65	41	3.23	3.23	NUM
faba-244	65	42	%	%	NOUN
faba-244	65	43	of	of	ADP
faba-244	65	44	the	the	DET
faba-244	65	45	total	total	NOUN
faba-244	65	46	.	.	PUNCT
faba-244	66	1	assuming	assume	VERB
faba-244	66	2	a	a	DET
faba-244	66	3	simple	simple	ADJ
faba-244	66	4	two	two	NUM
faba-244	66	5	-	-	PUNCT
faba-244	66	6	period	period	NOUN
faba-244	66	7	model	model	NOUN
faba-244	66	8	,	,	PUNCT
faba-244	66	9	savings	saving	NOUN
faba-244	66	10	in	in	ADP
faba-244	66	11	the	the	DET
faba-244	66	12	current	current	ADJ
faba-244	66	13	period	period	NOUN
faba-244	66	14	will	will	AUX
faba-244	66	15	become	become	VERB
faba-244	66	16	consumption	consumption	NOUN
faba-244	66	17	in	in	ADP
faba-244	66	18	the	the	DET
faba-244	66	19	next	next	ADJ
faba-244	66	20	period	period	NOUN
faba-244	66	21	.	.	PUNCT
faba-244	67	1	if	if	SCONJ
faba-244	67	2	we	we	PRON
faba-244	67	3	perform	perform	VERB
faba-244	67	4	a	a	DET
faba-244	67	5	long	long	ADJ
faba-244	67	6	-	-	PUNCT
faba-244	67	7	term	term	NOUN
faba-244	67	8	analysis	analysis	NOUN
faba-244	67	9	based	base	VERB
faba-244	67	10	on	on	ADP
faba-244	67	11	a	a	DET
faba-244	67	12	short	short	ADJ
faba-244	67	13	-	-	PUNCT
faba-244	67	14	term	term	NOUN
faba-244	67	15	keynesian	keynesian	ADJ
faba-244	67	16	economic	economic	ADJ
faba-244	67	17	model	model	NOUN
faba-244	67	18	,	,	PUNCT
faba-244	67	19	savings	saving	NOUN
faba-244	67	20	will	will	AUX
faba-244	67	21	accumulate	accumulate	VERB
faba-244	67	22	each	each	DET
faba-244	67	23	period	period	NOUN
faba-244	67	24	by	by	ADP
faba-244	67	25	the	the	DET
faba-244	67	26	marginal	marginal	ADJ
faba-244	67	27	propensity	propensity	NOUN
faba-244	67	28	to	to	PART
faba-244	67	29	save	save	VERB
faba-244	67	30	.	.	PUNCT
faba-244	68	1	skinner	skinner	PROPN
faba-244	68	2	(	(	PUNCT
faba-244	68	3	1988	1988	NUM
faba-244	68	4	)	)	PUNCT
faba-244	68	5	estimated	estimate	VERB
faba-244	68	6	plausible	plausible	ADJ
faba-244	68	7	parameters	parameter	NOUN
faba-244	68	8	for	for	ADP
faba-244	68	9	income	income	NOUN
faba-244	68	10	uncertainty	uncertainty	NOUN
faba-244	68	11	and	and	CCONJ
faba-244	68	12	consumer	consumer	NOUN
faba-244	68	13	risk	risk	NOUN
faba-244	68	14	aversion	aversion	NOUN
faba-244	68	15	in	in	ADP
faba-244	68	16	a	a	DET
faba-244	68	17	life	life	NOUN
faba-244	68	18	-	-	PUNCT
faba-244	68	19	cycle	cycle	NOUN
faba-244	68	20	model	model	NOUN
faba-244	68	21	and	and	CCONJ
faba-244	68	22	finding	find	VERB
faba-244	68	23	that	that	DET
faba-244	68	24	precautionary	precautionary	ADJ
faba-244	68	25	motives	motive	NOUN
faba-244	68	26	account	account	VERB
faba-244	68	27	for	for	ADP
faba-244	68	28	most	most	ADJ
faba-244	68	29	of	of	ADP
faba-244	68	30	total	total	ADJ
faba-244	68	31	savings	saving	NOUN
faba-244	68	32	.	.	PUNCT
faba-244	69	1	zhou	zhou	PROPN
faba-244	69	2	(	(	PUNCT
faba-244	69	3	2003	2003	NUM
faba-244	69	4	)	)	PUNCT
faba-244	69	5	,	,	PUNCT
faba-244	69	6	using	use	VERB
faba-244	69	7	microdata	microdata	NOUN
faba-244	69	8	for	for	ADP
faba-244	69	9	japan	japan	PROPN
faba-244	69	10	from	from	ADP
faba-244	69	11	the	the	DET
faba-244	69	12	1990s	1990s	NUM
faba-244	69	13	,	,	PUNCT
faba-244	69	14	concludes	conclude	VERB
faba-244	69	15	that	that	SCONJ
faba-244	69	16	income	income	NOUN
faba-244	69	17	dispersion	dispersion	NOUN
faba-244	69	18	negatively	negatively	ADV
faba-244	69	19	impacts	impact	VERB
faba-244	69	20	consumption	consumption	NOUN
faba-244	69	21	,	,	PUNCT
faba-244	69	22	and	and	CCONJ
faba-244	69	23	that	that	SCONJ
faba-244	69	24	5.6	5.6	NUM
faba-244	69	25	%	%	NOUN
faba-244	69	26	of	of	ADP
faba-244	69	27	financial	financial	ADJ
faba-244	69	28	assets	asset	NOUN
faba-244	69	29	for	for	ADP
faba-244	69	30	working	work	VERB
faba-244	69	31	households	household	NOUN
faba-244	69	32	and	and	CCONJ
faba-244	69	33	64.3	64.3	NUM
faba-244	69	34	%	%	NOUN
faba-244	69	35	of	of	ADP
faba-244	69	36	financial	financial	ADJ
faba-244	69	37	assets	asset	NOUN
faba-244	69	38	for	for	ADP
faba-244	69	39	selfemployed	selfemployed	ADJ
faba-244	69	40	households	household	NOUN
faba-244	69	41	are	be	AUX
faba-244	69	42	precautionary	precautionary	ADJ
faba-244	69	43	savings	saving	NOUN
faba-244	69	44	.	.	PUNCT
faba-244	70	1	ishihara	ishihara	PROPN
faba-244	70	2	and	and	CCONJ
faba-244	70	3	doi	doi	X
faba-244	70	4	(	(	PUNCT
faba-244	70	5	2004	2004	NUM
faba-244	70	6	)	)	PUNCT
faba-244	70	7	noted	note	VERB
faba-244	70	8	that	that	SCONJ
faba-244	70	9	employment	employment	NOUN
faba-244	70	10	risk	risk	NOUN
faba-244	70	11	causes	cause	VERB
faba-244	70	12	precautionary	precautionary	ADJ
faba-244	70	13	savings	saving	NOUN
faba-244	70	14	.	.	PUNCT
faba-244	71	1	additionally	additionally	ADV
faba-244	71	2	,	,	PUNCT
faba-244	71	3	dynan	dynan	PROPN
faba-244	71	4	et	et	PROPN
faba-244	71	5	al	al	PROPN
faba-244	71	6	.	.	PROPN
faba-244	71	7	(	(	PUNCT
faba-244	71	8	2004	2004	NUM
faba-244	71	9	)	)	PUNCT
faba-244	71	10	found	find	VERB
faba-244	71	11	that	that	SCONJ
faba-244	71	12	savings	saving	NOUN
faba-244	71	13	rates	rate	NOUN
faba-244	71	14	are	be	AUX
faba-244	71	15	positively	positively	ADV
faba-244	71	16	correlated	correlate	VERB
faba-244	71	17	with	with	ADP
faba-244	71	18	lifetime	lifetime	NOUN
faba-244	71	19	income	income	NOUN
faba-244	71	20	.	.	PUNCT
faba-244	72	1	kotlikoff	kotlikoff	NOUN
faba-244	72	2	and	and	CCONJ
faba-244	72	3	summers	summer	NOUN
faba-244	72	4	(	(	PUNCT
faba-244	72	5	1981	1981	NUM
faba-244	72	6	)	)	PUNCT
faba-244	72	7	point	point	VERB
faba-244	72	8	out	out	ADP
faba-244	72	9	that	that	SCONJ
faba-244	72	10	approximately	approximately	ADV
faba-244	72	11	81	81	NUM
faba-244	72	12	%	%	NOUN
faba-244	72	13	of	of	ADP
faba-244	72	14	household	household	NOUN
faba-244	72	15	assets	asset	NOUN
faba-244	72	16	in	in	ADP
faba-244	72	17	the	the	DET
faba-244	72	18	united	united	PROPN
faba-244	72	19	states	states	PROPN
faba-244	72	20	are	be	AUX
faba-244	72	21	the	the	DET
faba-244	72	22	result	result	NOUN
faba-244	72	23	of	of	ADP
faba-244	72	24	intergenerational	intergenerational	ADJ
faba-244	72	25	transfers	transfer	NOUN
faba-244	72	26	,	,	PUNCT
faba-244	72	27	and	and	CCONJ
faba-244	72	28	that	that	SCONJ
faba-244	72	29	savings	saving	NOUN
faba-244	72	30	resulting	result	VERB
faba-244	72	31	from	from	ADP
faba-244	72	32	the	the	DET
faba-244	72	33	life	life	NOUN
faba-244	72	34	cycle	cycle	NOUN
faba-244	72	35	are	be	AUX
faba-244	72	36	small	small	ADJ
faba-244	72	37	.	.	PUNCT
faba-244	73	1	on	on	ADP
faba-244	73	2	the	the	DET
faba-244	73	3	other	other	ADJ
faba-244	73	4	hand	hand	NOUN
faba-244	73	5	,	,	PUNCT
faba-244	73	6	when	when	SCONJ
faba-244	73	7	estimating	estimate	VERB
faba-244	73	8	japanese	japanese	ADJ
faba-244	73	9	data	datum	NOUN
faba-244	73	10	using	use	VERB
faba-244	73	11	the	the	DET
faba-244	73	12	same	same	ADJ
faba-244	73	13	method	method	NOUN
faba-244	73	14	as	as	ADP
faba-244	73	15	kotlikoff	kotlikoff	NOUN
faba-244	73	16	and	and	CCONJ
faba-244	73	17	summers	summer	NOUN
faba-244	73	18	(	(	PUNCT
faba-244	73	19	1981	1981	NUM
faba-244	73	20	)	)	PUNCT
faba-244	73	21	,	,	PUNCT
faba-244	73	22	estimates	estimate	NOUN
faba-244	73	23	suggest	suggest	VERB
faba-244	73	24	that	that	SCONJ
faba-244	73	25	transferred	transfer	VERB
faba-244	73	26	assets	asset	NOUN
faba-244	73	27	account	account	VERB
faba-244	73	28	for	for	ADP
faba-244	73	29	at	at	ADV
faba-244	73	30	most	most	ADV
faba-244	73	31	30	30	NUM
faba-244	73	32	%	%	NOUN
faba-244	73	33	(	(	PUNCT
faba-244	73	34	hayashi	hayashi	PROPN
faba-244	73	35	1986	1986	NUM
faba-244	73	36	;	;	PUNCT
faba-244	73	37	campbell	campbell	PROPN
faba-244	73	38	1997	1997	NUM
faba-244	73	39	;	;	PUNCT
faba-244	73	40	dekle	dekle	ADJ
faba-244	73	41	1989	1989	NUM
faba-244	73	42	,	,	PUNCT
faba-244	73	43	1990	1990	NUM
faba-244	73	44	)	)	PUNCT
faba-244	73	45	.	.	PUNCT
faba-244	74	1	otake	otake	NOUN
faba-244	74	2	and	and	CCONJ
faba-244	74	3	horioka	horioka	NOUN
faba-244	74	4	(	(	PUNCT
faba-244	74	5	1994	1994	NUM
faba-244	74	6	)	)	PUNCT
faba-244	74	7	used	use	VERB
faba-244	74	8	the	the	DET
faba-244	74	9	results	result	NOUN
faba-244	74	10	of	of	ADP
faba-244	74	11	the	the	DET
faba-244	74	12	"	"	PUNCT
faba-244	74	13	public	public	ADJ
faba-244	74	14	opinion	opinion	NOUN
faba-244	74	15	survey	survey	NOUN
faba-244	74	16	on	on	ADP
faba-244	74	17	savings	saving	NOUN
faba-244	74	18	"	"	PUNCT
faba-244	74	19	to	to	PART
faba-244	74	20	examine	examine	VERB
faba-244	74	21	bequest	bequest	NOUN
faba-244	74	22	motives	motive	NOUN
faba-244	74	23	.	.	PUNCT
faba-244	75	1	as	as	ADP
faba-244	75	2	a	a	DET
faba-244	75	3	result	result	NOUN
faba-244	75	4	,	,	PUNCT
faba-244	75	5	they	they	PRON
faba-244	75	6	found	find	VERB
faba-244	75	7	that	that	SCONJ
faba-244	75	8	unconditional	unconditional	ADJ
faba-244	75	9	bequest	bequest	NOUN
faba-244	75	10	motives	motive	NOUN
faba-244	75	11	(	(	PUNCT
faba-244	75	12	which	which	DET
faba-244	75	13	kotlikoff	kotlikoff	NOUN
faba-244	75	14	and	and	CCONJ
faba-244	75	15	spivak	spivak	PROPN
faba-244	75	16	1981	1981	NUM
faba-244	75	17	)	)	PUNCT
faba-244	75	18	call	call	VERB
faba-244	75	19	the	the	DET
faba-244	75	20	implicit	implicit	ADJ
faba-244	75	21	pension	pension	NOUN
faba-244	75	22	contract	contract	NOUN
faba-244	75	23	)	)	PUNCT
faba-244	75	24	were	be	AUX
faba-244	75	25	32	32	NUM
faba-244	75	26	%	%	NOUN
faba-244	75	27	in	in	ADP
faba-244	75	28	1989	1989	NUM
faba-244	75	29	and	and	CCONJ
faba-244	75	30	29	29	NUM
faba-244	75	31	%	%	NOUN
faba-244	75	32	in	in	ADP
faba-244	75	33	1990	1990	NUM
faba-244	75	34	,	,	PUNCT
faba-244	75	35	while	while	SCONJ
faba-244	75	36	reward	reward	NOUN
faba-244	75	37	-	-	PUNCT
faba-244	75	38	based	base	VERB
faba-244	75	39	bequest	bequest	NOUN
faba-244	75	40	motives	motive	NOUN
faba-244	75	41	(	(	PUNCT
faba-244	75	42	which	which	DET
faba-244	75	43	kotlikoff	kotlikoff	NOUN
faba-244	75	44	and	and	CCONJ
faba-244	75	45	spivak	spivak	PROPN
faba-244	75	46	1981	1981	NUM
faba-244	75	47	)	)	PUNCT
faba-244	75	48	call	call	VERB
faba-244	75	49	the	the	DET
faba-244	75	50	bequest	bequ	ADJ
faba-244	75	51	preference	preference	NOUN
faba-244	75	52	)	)	PUNCT
faba-244	75	53	were	be	AUX
faba-244	75	54	20	20	NUM
faba-244	75	55	%	%	NOUN
faba-244	75	56	in	in	ADP
faba-244	75	57	1989	1989	NUM
faba-244	75	58	and	and	CCONJ
faba-244	75	59	16	16	NUM
faba-244	75	60	%	%	NOUN
faba-244	75	61	in	in	ADP
faba-244	75	62	1990	1990	NUM
faba-244	75	63	.	.	PUNCT
faba-244	76	1	meanwhile	meanwhile	ADV
faba-244	76	2	,	,	PUNCT
faba-244	76	3	an	an	DET
faba-244	76	4	increasing	increase	VERB
faba-244	76	5	number	number	NOUN
faba-244	76	6	of	of	ADP
faba-244	76	7	studies	study	NOUN
faba-244	76	8	investigate	investigate	VERB
faba-244	76	9	the	the	DET
faba-244	76	10	relationship	relationship	NOUN
faba-244	76	11	between	between	ADP
faba-244	76	12	financial	financial	ADJ
faba-244	76	13	literacy	literacy	NOUN
faba-244	76	14	and	and	CCONJ
faba-244	76	15	individual	individual	ADJ
faba-244	76	16	investment1	investment1	NOUN
faba-244	76	17	.	.	PUNCT
faba-244	77	1	recent	recent	ADJ
faba-244	77	2	studies	study	NOUN
faba-244	77	3	include	include	VERB
faba-244	77	4	those	those	PRON
faba-244	77	5	by	by	ADP
faba-244	77	6	yamori	yamori	NOUN
faba-244	77	7	and	and	CCONJ
faba-244	77	8	ueyama	ueyama	NOUN
faba-244	77	9	(	(	PUNCT
faba-244	77	10	2021	2021	NUM
faba-244	77	11	)	)	PUNCT
faba-244	77	12	and	and	CCONJ
faba-244	77	13	sekita	sekita	VERB
faba-244	77	14	et	et	PROPN
faba-244	77	15	al	al	PROPN
faba-244	77	16	.	.	PROPN
faba-244	78	1	(	(	PUNCT
faba-244	78	2	2022	2022	NUM
faba-244	78	3	)	)	PUNCT
faba-244	78	4	.	.	PUNCT
faba-244	79	1	for	for	ADP
faba-244	79	2	example	example	NOUN
faba-244	79	3	,	,	PUNCT
faba-244	79	4	sekita	sekita	VERB
faba-244	79	5	et	et	PROPN
faba-244	79	6	al	al	PROPN
faba-244	79	7	.	.	PROPN
faba-244	80	1	(	(	PUNCT
faba-244	80	2	2022	2022	NUM
faba-244	80	3	)	)	PUNCT
faba-244	80	4	used	use	VERB
faba-244	80	5	the	the	DET
faba-244	80	6	financial	financial	ADJ
faba-244	80	7	literacy	literacy	NOUN
faba-244	80	8	survey	survey	NOUN
faba-244	80	9	(	(	PUNCT
faba-244	80	10	2016	2016	NUM
faba-244	80	11	)	)	PUNCT
faba-244	80	12	to	to	PART
faba-244	80	13	clarify	clarify	VERB
faba-244	80	14	how	how	SCONJ
faba-244	80	15	individual	individual	ADJ
faba-244	80	16	financial	financial	ADJ
faba-244	80	17	literacy	literacy	NOUN
faba-244	80	18	in	in	ADP
faba-244	80	19	japan	japan	PROPN
faba-244	80	20	affects	affect	VERB
faba-244	80	21	financial	financial	ADJ
faba-244	80	22	asset	asset	NOUN
faba-244	80	23	savings	saving	NOUN
faba-244	80	24	.	.	PUNCT
faba-244	81	1	van	van	PROPN
faba-244	81	2	rooij	rooij	PROPN
faba-244	81	3	et	et	PROPN
faba-244	81	4	al	al	PROPN
faba-244	81	5	.	.	PROPN
faba-244	82	1	(	(	PUNCT
faba-244	82	2	2011	2011	NUM
faba-244	82	3	)	)	PUNCT
faba-244	82	4	point	point	VERB
faba-244	82	5	out	out	ADP
faba-244	82	6	that	that	SCONJ
faba-244	82	7	using	use	VERB
faba-244	82	8	data	datum	NOUN
faba-244	82	9	from	from	ADP
faba-244	82	10	the	the	DET
faba-244	82	11	netherlands	netherlands	PROPN
faba-244	82	12	,	,	PUNCT
faba-244	82	13	people	people	NOUN
faba-244	82	14	with	with	ADP
faba-244	82	15	lower	low	ADJ
faba-244	82	16	financial	financial	ADJ
faba-244	82	17	literacy	literacy	NOUN
faba-244	82	18	tend	tend	VERB
faba-244	82	19	to	to	PART
faba-244	82	20	obtain	obtain	VERB
faba-244	82	21	information	information	NOUN
faba-244	82	22	from	from	ADP
faba-244	82	23	their	their	PRON
faba-244	82	24	parents	parent	NOUN
faba-244	82	25	and	and	CCONJ
faba-244	82	26	friends	friend	NOUN
faba-244	82	27	.	.	PUNCT
faba-244	83	1	brown	brown	PROPN
faba-244	83	2	et	et	PROPN
faba-244	83	3	al	al	PROPN
faba-244	83	4	.	.	PROPN
faba-244	84	1	(	(	PUNCT
faba-244	84	2	2008	2008	NUM
faba-244	84	3	)	)	PUNCT
faba-244	84	4	also	also	ADV
faba-244	84	5	shows	show	VERB
faba-244	84	6	that	that	SCONJ
faba-244	84	7	in	in	ADP
faba-244	84	8	the	the	DET
faba-244	84	9	united	united	PROPN
faba-244	84	10	states	states	PROPN
faba-244	84	11	,	,	PUNCT
faba-244	84	12	information	information	NOUN
faba-244	84	13	sharing	sharing	NOUN
faba-244	84	14	with	with	ADP
faba-244	84	15	neighbors	neighbor	NOUN
faba-244	84	16	promotes	promote	VERB
faba-244	84	17	individual	individual	ADJ
faba-244	84	18	stock	stock	NOUN
faba-244	84	19	market	market	NOUN
faba-244	84	20	participation	participation	NOUN
faba-244	84	21	.	.	PUNCT
faba-244	85	1	bernheim	bernheim	PROPN
faba-244	85	2	and	and	CCONJ
faba-244	85	3	garrett	garrett	PROPN
faba-244	85	4	(	(	PUNCT
faba-244	85	5	2003	2003	NUM
faba-244	85	6	)	)	PUNCT
faba-244	85	7	use	use	VERB
faba-244	85	8	1994	1994	NUM
faba-244	85	9	data	datum	NOUN
faba-244	85	10	from	from	ADP
faba-244	85	11	the	the	DET
faba-244	85	12	united	united	PROPN
faba-244	85	13	states	states	PROPN
faba-244	85	14	to	to	PART
faba-244	85	15	show	show	VERB
faba-244	85	16	that	that	SCONJ
faba-244	85	17	financial	financial	ADJ
faba-244	85	18	education	education	NOUN
faba-244	85	19	in	in	ADP
faba-244	85	20	the	the	DET
faba-244	85	21	workplace	workplace	NOUN
faba-244	85	22	increases	increase	VERB
faba-244	85	23	the	the	DET
faba-244	85	24	use	use	NOUN
faba-244	85	25	of	of	ADP
faba-244	85	26	private	private	ADJ
faba-244	85	27	pension	pension	NOUN
faba-244	85	28	plans2	plans2	NOUN
faba-244	85	29	.	.	PUNCT
faba-244	86	1	in	in	ADP
faba-244	86	2	addition	addition	NOUN
faba-244	86	3	,	,	PUNCT
faba-244	86	4	goda	goda	PROPN
faba-244	86	5	et	et	PROPN
faba-244	86	6	al	al	PROPN
faba-244	86	7	.	.	PROPN
faba-244	87	1	(	(	PUNCT
faba-244	87	2	2014	2014	NUM
faba-244	87	3	)	)	PUNCT
faba-244	87	4	analyzed	analyze	VERB
faba-244	87	5	stock	stock	NOUN
faba-244	87	6	investment	investment	NOUN
faba-244	87	7	through	through	ADP
faba-244	87	8	mutual	mutual	ADJ
faba-244	87	9	funds	fund	NOUN
faba-244	87	10	.	.	PUNCT
faba-244	88	1	they	they	PRON
faba-244	88	2	found	find	VERB
faba-244	88	3	that	that	SCONJ
faba-244	88	4	people	people	NOUN
faba-244	88	5	who	who	PRON
faba-244	88	6	belong	belong	VERB
faba-244	88	7	to	to	ADP
faba-244	88	8	a	a	DET
faba-244	88	9	group	group	NOUN
faba-244	88	10	that	that	PRON
faba-244	88	11	receives	receive	VERB
faba-244	88	12	more	more	ADJ
faba-244	88	13	information	information	NOUN
faba-244	88	14	contribute	contribute	VERB
faba-244	88	15	more	more	ADJ
faba-244	88	16	.	.	PUNCT
faba-244	89	1	the	the	DET
faba-244	89	2	results	result	NOUN
faba-244	89	3	so	so	ADV
faba-244	89	4	far	far	ADV
faba-244	89	5	show	show	VERB
faba-244	89	6	that	that	SCONJ
faba-244	89	7	information	information	NOUN
faba-244	89	8	and	and	CCONJ
faba-244	89	9	education	education	NOUN
faba-244	89	10	are	be	AUX
faba-244	89	11	important	important	ADJ
faba-244	89	12	in	in	ADP
faba-244	89	13	promoting	promote	VERB
faba-244	89	14	investment	investment	NOUN
faba-244	89	15	.	.	PUNCT
faba-244	90	1	finally	finally	ADV
faba-244	90	2	,	,	PUNCT
faba-244	90	3	we	we	PRON
faba-244	90	4	will	will	AUX
faba-244	90	5	introduce	introduce	VERB
faba-244	90	6	research	research	NOUN
faba-244	90	7	that	that	PRON
faba-244	90	8	points	point	VERB
faba-244	90	9	out	out	ADP
faba-244	90	10	the	the	DET
faba-244	90	11	possibility	possibility	NOUN
faba-244	90	12	that	that	SCONJ
faba-244	90	13	tax	tax	NOUN
faba-244	90	14	systems	system	NOUN
faba-244	90	15	can	can	AUX
faba-244	90	16	promote	promote	VERB
faba-244	90	17	investment	investment	NOUN
faba-244	90	18	.	.	PUNCT
faba-244	91	1	brown	brown	PROPN
faba-244	91	2	et	et	PROPN
faba-244	91	3	al	al	PROPN
faba-244	91	4	.	.	PROPN
faba-244	92	1	(	(	PUNCT
faba-244	92	2	2017	2017	NUM
faba-244	92	3	)	)	PUNCT
faba-244	92	4	classify	classify	VERB
faba-244	92	5	us	we	PRON
faba-244	92	6	retirement	retirement	NOUN
faba-244	92	7	pension	pension	NOUN
faba-244	92	8	systems	system	NOUN
faba-244	92	9	into	into	ADP
faba-244	92	10	two	two	NUM
faba-244	92	11	types	type	NOUN
faba-244	92	12	.	.	PUNCT
faba-244	93	1	one	one	NUM
faba-244	93	2	is	be	AUX
faba-244	93	3	the	the	DET
faba-244	93	4	traditional	traditional	ADJ
faba-244	93	5	individual	individual	ADJ
faba-244	93	6	retirement	retirement	NOUN
faba-244	93	7	account	account	PROPN
faba-244	93	8	(	(	PUNCT
faba-244	93	9	ira	ira	PROPN
faba-244	93	10	)	)	PUNCT
faba-244	93	11	,	,	PUNCT
faba-244	93	12	and	and	CCONJ
faba-244	93	13	the	the	DET
faba-244	93	14	other	other	ADJ
faba-244	93	15	is	be	AUX
faba-244	93	16	the	the	DET
faba-244	93	17	roth	roth	PROPN
faba-244	93	18	ira	ira	PROPN
faba-244	93	19	,	,	PUNCT
faba-244	93	20	which	which	PRON
faba-244	93	21	was	be	AUX
faba-244	93	22	introduced	introduce	VERB
faba-244	93	23	in	in	ADP
faba-244	93	24	1997	1997	NUM
faba-244	93	25	.	.	PUNCT
faba-244	94	1	the	the	DET
faba-244	94	2	former	former	ADJ
faba-244	94	3	is	be	AUX
faba-244	94	4	an	an	DET
faba-244	94	5	eet	eet	NOUN
faba-244	94	6	type	type	NOUN
faba-244	94	7	in	in	ADP
faba-244	94	8	which	which	PRON
faba-244	94	9	the	the	DET
faba-244	94	10	contribution	contribution	NOUN
faba-244	94	11	amount	amount	NOUN
faba-244	94	12	is	be	AUX
faba-244	94	13	deducted	deduct	VERB
faba-244	94	14	from	from	ADP
faba-244	94	15	income	income	NOUN
faba-244	94	16	,	,	PUNCT
faba-244	94	17	and	and	CCONJ
faba-244	94	18	the	the	DET
faba-244	94	19	latter	latter	ADJ
faba-244	94	20	is	be	AUX
faba-244	94	21	a	a	DET
faba-244	94	22	tee	tee	NOUN
faba-244	94	23	type	type	NOUN
faba-244	94	24	in	in	ADP
faba-244	94	25	which	which	PRON
faba-244	94	26	there	there	PRON
faba-244	94	27	is	be	VERB
faba-244	94	28	no	no	DET
faba-244	94	29	tax	tax	NOUN
faba-244	94	30	reduction	reduction	NOUN
faba-244	94	31	when	when	SCONJ
faba-244	94	32	contributing	contribute	VERB
faba-244	94	33	but	but	CCONJ
faba-244	94	34	instead	instead	ADV
faba-244	94	35	no	no	DET
faba-244	94	36	tax	tax	NOUN
faba-244	94	37	is	be	AUX
faba-244	94	38	imposed	impose	VERB
faba-244	94	39	when	when	SCONJ
faba-244	94	40	withdrawing	withdraw	VERB
faba-244	94	41	.	.	PUNCT
faba-244	95	1	in	in	ADP
faba-244	95	2	japan	japan	PROPN
faba-244	95	3	,	,	PUNCT
faba-244	95	4	the	the	DET
faba-244	95	5	former	former	ADJ
faba-244	95	6	can	can	AUX
faba-244	95	7	be	be	AUX
faba-244	95	8	considered	consider	VERB
faba-244	95	9	as	as	ADP
faba-244	95	10	ideco	ideco	NOUN
faba-244	95	11	and	and	CCONJ
faba-244	95	12	the	the	DET
faba-244	95	13	latter	latter	ADJ
faba-244	95	14	as	as	ADP
faba-244	95	15	nisa	nisa	PROPN
faba-244	95	16	.	.	PUNCT
faba-244	96	1	if	if	SCONJ
faba-244	96	2	progressive	progressive	ADJ
faba-244	96	3	income	income	NOUN
faba-244	96	4	taxes	taxis	NOUN
faba-244	96	5	are	be	AUX
faba-244	96	6	not	not	PART
faba-244	96	7	taken	take	VERB
faba-244	96	8	into	into	ADP
faba-244	96	9	account	account	NOUN
faba-244	96	10	,	,	PUNCT
faba-244	96	11	asset	asset	NOUN
faba-244	96	12	accumulation	accumulation	NOUN
faba-244	96	13	through	through	ADP
faba-244	96	14	a	a	DET
faba-244	96	15	roth	roth	PROPN
faba-244	96	16	ira	ira	PROPN
faba-244	96	17	would	would	AUX
faba-244	96	18	be	be	AUX
faba-244	96	19	preferable	preferable	ADJ
faba-244	96	20	because	because	SCONJ
faba-244	96	21	uncertainty	uncertainty	NOUN
faba-244	96	22	about	about	ADP
faba-244	96	23	future	future	ADJ
faba-244	96	24	income	income	NOUN
faba-244	96	25	tax	tax	NOUN
faba-244	96	26	rates	rate	NOUN
faba-244	96	27	creates	create	VERB
faba-244	96	28	uncertainty	uncertainty	NOUN
faba-244	96	29	about	about	ADP
faba-244	96	30	the	the	DET
faba-244	96	31	size	size	NOUN
faba-244	96	32	of	of	ADP
faba-244	96	33	the	the	DET
faba-244	96	34	tax	tax	NOUN
faba-244	96	35	benefit	benefit	NOUN
faba-244	96	36	through	through	ADP
faba-244	96	37	the	the	DET
faba-244	96	38	income	income	NOUN
faba-244	96	39	deduction	deduction	NOUN
faba-244	96	40	.	.	PUNCT
faba-244	97	1	second	second	ADJ
faba-244	97	2	,	,	PUNCT
faba-244	97	3	the	the	DET
faba-244	97	4	progressive	progressive	ADJ
faba-244	97	5	income	income	NOUN
faba-244	97	6	tax	tax	NOUN
faba-244	97	7	system	system	NOUN
faba-244	97	8	makes	make	VERB
faba-244	97	9	an	an	DET
faba-244	97	10	ira	ira	PROPN
faba-244	97	11	more	more	ADV
faba-244	97	12	favorable	favorable	ADJ
faba-244	97	13	because	because	SCONJ
faba-244	97	14	your	your	PRON
faba-244	97	15	income	income	NOUN
faba-244	97	16	will	will	AUX
faba-244	97	17	be	be	AUX
faba-244	97	18	higher	high	ADJ
faba-244	97	19	during	during	ADP
faba-244	97	20	your	your	PRON
faba-244	97	21	working	working	NOUN
faba-244	97	22	years	year	NOUN
faba-244	97	23	than	than	ADP
faba-244	97	24	after	after	ADP
faba-244	97	25	retirement	retirement	NOUN
faba-244	97	26	,	,	PUNCT
faba-244	97	27	allowing	allow	VERB
faba-244	97	28	you	you	PRON
faba-244	97	29	to	to	PART
faba-244	97	30	get	get	VERB
faba-244	97	31	a	a	DET
faba-244	97	32	larger	large	ADJ
faba-244	97	33	tax	tax	NOUN
faba-244	97	34	benefit	benefit	NOUN
faba-244	97	35	from	from	ADP
faba-244	97	36	the	the	DET
faba-244	97	37	earned	earn	VERB
faba-244	97	38	income	income	NOUN
faba-244	97	39	deduction	deduction	NOUN
faba-244	97	40	.	.	PUNCT
faba-244	98	1	data	datum	NOUN
faba-244	98	2	and	and	CCONJ
faba-244	98	3	method	method	NOUN
faba-244	98	4	data	datum	NOUN
faba-244	98	5	this	this	DET
faba-244	98	6	study	study	NOUN
faba-244	98	7	focuses	focus	VERB
faba-244	98	8	on	on	ADP
faba-244	98	9	nisa	nisa	PROPN
faba-244	98	10	and	and	CCONJ
faba-244	98	11	examine	examine	VERB
faba-244	98	12	whether	whether	SCONJ
faba-244	98	13	investor	investor	NOUN
faba-244	98	14	attitudes	attitude	NOUN
faba-244	98	15	have	have	AUX
faba-244	98	16	changed	change	VERB
faba-244	98	17	since	since	SCONJ
faba-244	98	18	the	the	DET
faba-244	98	19	introduction	introduction	NOUN
faba-244	98	20	of	of	ADP
faba-244	98	21	the	the	DET
faba-244	98	22	system	system	NOUN
faba-244	98	23	several	several	ADJ
faba-244	98	24	years	year	NOUN
faba-244	98	25	ago	ago	ADV
faba-244	98	26	.	.	PUNCT
faba-244	99	1	given	give	VERB
faba-244	99	2	that	that	DET
faba-244	99	3	tsumitate	tsumitate	NOUN
faba-244	99	4	nisa	nisa	PROPN
faba-244	99	5	was	be	AUX
faba-244	99	6	introduced	introduce	VERB
faba-244	99	7	in	in	ADP
faba-244	99	8	2018	2018	NUM
faba-244	99	9	,	,	PUNCT
faba-244	99	10	this	this	DET
faba-244	99	11	study	study	NOUN
faba-244	99	12	1	1	NUM
faba-244	99	13	lusardi	lusardi	NOUN
faba-244	99	14	and	and	CCONJ
faba-244	99	15	mitchell	mitchell	PROPN
faba-244	99	16	(	(	PUNCT
faba-244	99	17	2014	2014	NUM
faba-244	99	18	)	)	PUNCT
faba-244	99	19	provide	provide	VERB
faba-244	99	20	a	a	DET
faba-244	99	21	survey	survey	NOUN
faba-244	99	22	on	on	ADP
faba-244	99	23	financial	financial	ADJ
faba-244	99	24	literacy	literacy	NOUN
faba-244	99	25	.	.	PUNCT
faba-244	100	1	2	2	NUM
faba-244	100	2	there	there	PRON
faba-244	100	3	are	be	VERB
faba-244	100	4	problems	problem	NOUN
faba-244	100	5	with	with	ADP
faba-244	100	6	the	the	DET
faba-244	100	7	results	result	NOUN
faba-244	100	8	of	of	ADP
faba-244	100	9	this	this	DET
faba-244	100	10	analysis	analysis	NOUN
faba-244	100	11	.	.	PUNCT
faba-244	101	1	for	for	ADP
faba-244	101	2	example	example	NOUN
faba-244	101	3	,	,	PUNCT
faba-244	101	4	financial	financial	ADJ
faba-244	101	5	literacy	literacy	NOUN
faba-244	101	6	may	may	AUX
faba-244	101	7	be	be	AUX
faba-244	101	8	low	low	ADJ
faba-244	101	9	in	in	ADP
faba-244	101	10	workplaces	workplace	NOUN
faba-244	101	11	where	where	SCONJ
faba-244	101	12	financial	financial	ADJ
faba-244	101	13	education	education	NOUN
faba-244	101	14	is	be	AUX
faba-244	101	15	required	require	VERB
faba-244	101	16	.	.	PUNCT
faba-244	102	1	in	in	ADP
faba-244	102	2	this	this	DET
faba-244	102	3	case	case	NOUN
faba-244	102	4	,	,	PUNCT
faba-244	102	5	the	the	DET
faba-244	102	6	effect	effect	NOUN
faba-244	102	7	of	of	ADP
faba-244	102	8	financial	financial	ADJ
faba-244	102	9	education	education	NOUN
faba-244	102	10	on	on	ADP
faba-244	102	11	stock	stock	NOUN
faba-244	102	12	market	market	NOUN
faba-244	102	13	participation	participation	NOUN
faba-244	102	14	will	will	AUX
faba-244	102	15	be	be	AUX
faba-244	102	16	underestimated	underestimate	VERB
faba-244	102	17	.	.	PUNCT
faba-244	103	1	conversely	conversely	ADV
faba-244	103	2	,	,	PUNCT
faba-244	103	3	there	there	PRON
faba-244	103	4	may	may	AUX
faba-244	103	5	be	be	AUX
faba-244	103	6	cases	case	NOUN
faba-244	103	7	where	where	SCONJ
faba-244	103	8	the	the	PRON
faba-244	103	9	higher	high	ADJ
faba-244	103	10	the	the	DET
faba-244	103	11	financial	financial	ADJ
faba-244	103	12	literacy	literacy	NOUN
faba-244	103	13	in	in	ADP
faba-244	103	14	a	a	DET
faba-244	103	15	workplace	workplace	NOUN
faba-244	103	16	,	,	PUNCT
faba-244	103	17	the	the	PRON
faba-244	103	18	greater	great	ADJ
faba-244	103	19	the	the	DET
faba-244	103	20	demand	demand	NOUN
faba-244	103	21	for	for	ADP
faba-244	103	22	financial	financial	ADJ
faba-244	103	23	education	education	NOUN
faba-244	103	24	.	.	PUNCT
faba-244	104	1	in	in	ADP
faba-244	104	2	this	this	DET
faba-244	104	3	case	case	NOUN
faba-244	104	4	,	,	PUNCT
faba-244	104	5	the	the	DET
faba-244	104	6	effect	effect	NOUN
faba-244	104	7	of	of	ADP
faba-244	104	8	financial	financial	ADJ
faba-244	104	9	education	education	NOUN
faba-244	104	10	will	will	AUX
faba-244	104	11	be	be	AUX
faba-244	104	12	overestimated	overestimate	VERB
faba-244	104	13	.	.	PUNCT
faba-244	105	1	this	this	DET
faba-244	105	2	issue	issue	NOUN
faba-244	105	3	may	may	AUX
faba-244	105	4	also	also	ADV
faba-244	105	5	arise	arise	VERB
faba-244	105	6	in	in	ADP
faba-244	105	7	the	the	DET
faba-244	105	8	empirical	empirical	ADJ
faba-244	105	9	analysis	analysis	NOUN
faba-244	105	10	of	of	ADP
faba-244	105	11	this	this	DET
faba-244	105	12	paper	paper	NOUN
faba-244	105	13	,	,	PUNCT
faba-244	105	14	and	and	CCONJ
faba-244	105	15	is	be	AUX
faba-244	105	16	left	leave	VERB
faba-244	105	17	as	as	ADP
faba-244	105	18	a	a	DET
faba-244	105	19	topic	topic	NOUN
faba-244	105	20	for	for	ADP
faba-244	105	21	future	future	ADJ
faba-244	105	22	study	study	NOUN
faba-244	105	23	.	.	PUNCT
faba-244	106	1	shin	shin	PROPN
faba-244	106	2	fukuda	fukuda	PROPN
faba-244	106	3	and	and	CCONJ
faba-244	106	4	luna	luna	PROPN
faba-244	106	5	akahira/	akahira/	NUM
faba-244	106	6	finance	finance	NOUN
faba-244	106	7	,	,	PUNCT
faba-244	106	8	accounting	accounting	NOUN
faba-244	106	9	and	and	CCONJ
faba-244	106	10	business	business	NOUN
faba-244	106	11	analysis	analysis	NOUN
faba-244	106	12	,	,	PUNCT
faba-244	106	13	volume	volume	NOUN
faba-244	106	14	6	6	NUM
faba-244	106	15	,	,	PUNCT
faba-244	106	16	issue	issue	NOUN
faba-244	106	17	2	2	NUM
faba-244	106	18	,	,	PUNCT
faba-244	106	19	2024	2024	NUM
faba-244	106	20	200	200	NUM
faba-244	106	21	compares	compare	NOUN
faba-244	106	22	estimated	estimate	VERB
faba-244	106	23	results	result	NOUN
faba-244	106	24	for	for	ADP
faba-244	106	25	2018	2018	NUM
faba-244	106	26	and	and	CCONJ
faba-244	106	27	2023	2023	NUM
faba-244	106	28	.	.	PUNCT
faba-244	107	1	the	the	DET
faba-244	107	2	data	datum	NOUN
faba-244	107	3	used	use	VERB
faba-244	107	4	is	be	AUX
faba-244	107	5	the	the	DET
faba-244	107	6	same	same	ADJ
faba-244	107	7	for	for	ADP
faba-244	107	8	2018	2018	NUM
faba-244	107	9	and	and	CCONJ
faba-244	107	10	2023	2023	NUM
faba-244	107	11	.	.	PUNCT
faba-244	108	1	the	the	DET
faba-244	108	2	data	datum	NOUN
faba-244	108	3	used	use	VERB
faba-244	108	4	is	be	AUX
faba-244	108	5	from	from	ADP
faba-244	108	6	the	the	DET
faba-244	108	7	japan	japan	PROPN
faba-244	108	8	securities	securities	PROPN
faba-244	108	9	dealers	dealers	PROPN
faba-244	108	10	association	association	PROPN
faba-244	108	11	's	's	PART
faba-244	108	12	“	"	PUNCT
faba-244	108	13	survey	survey	NOUN
faba-244	108	14	on	on	ADP
faba-244	108	15	attitudes	attitude	NOUN
faba-244	108	16	of	of	ADP
faba-244	108	17	individual	individual	ADJ
faba-244	108	18	investors	investor	NOUN
faba-244	108	19	regarding	regard	VERB
faba-244	108	20	securities	security	NOUN
faba-244	108	21	investment	investment	NOUN
faba-244	108	22	.	.	PUNCT
faba-244	108	23	”	"	PUNCT
faba-244	109	1	the	the	DET
faba-244	109	2	survey	survey	NOUN
faba-244	109	3	is	be	AUX
faba-244	109	4	conducted	conduct	VERB
faba-244	109	5	among	among	ADP
faba-244	109	6	5,000	5,000	NUM
faba-244	109	7	people	people	NOUN
faba-244	109	8	who	who	PRON
faba-244	109	9	have	have	AUX
faba-244	109	10	opened	open	VERB
faba-244	109	11	financial	financial	ADJ
faba-244	109	12	accounts	account	NOUN
faba-244	109	13	.	.	PUNCT
faba-244	110	1	in	in	ADP
faba-244	110	2	2018	2018	NUM
faba-244	110	3	,	,	PUNCT
faba-244	110	4	the	the	DET
faba-244	110	5	usage	usage	NOUN
faba-244	110	6	rate	rate	NOUN
faba-244	110	7	of	of	ADP
faba-244	110	8	general	general	PROPN
faba-244	110	9	nisa	nisa	PROPN
faba-244	110	10	was	be	AUX
faba-244	110	11	55.3	55.3	NUM
faba-244	110	12	%	%	NOUN
faba-244	110	13	,	,	PUNCT
faba-244	110	14	and	and	CCONJ
faba-244	110	15	that	that	PRON
faba-244	110	16	of	of	ADP
faba-244	110	17	tsumitate	tsumitate	PROPN
faba-244	110	18	nisa	nisa	PROPN
faba-244	110	19	was	be	AUX
faba-244	110	20	10.5	10.5	NUM
faba-244	110	21	%	%	NOUN
faba-244	110	22	.	.	PUNCT
faba-244	111	1	in	in	ADP
faba-244	111	2	2023	2023	NUM
faba-244	111	3	,	,	PUNCT
faba-244	111	4	the	the	DET
faba-244	111	5	usage	usage	NOUN
faba-244	111	6	rate	rate	NOUN
faba-244	111	7	of	of	ADP
faba-244	111	8	general	general	PROPN
faba-244	111	9	nisa	nisa	PROPN
faba-244	111	10	is	be	AUX
faba-244	111	11	51.2	51.2	NUM
faba-244	111	12	%	%	NOUN
faba-244	111	13	,	,	PUNCT
faba-244	111	14	and	and	CCONJ
faba-244	111	15	that	that	PRON
faba-244	111	16	of	of	ADP
faba-244	111	17	tsumitate	tsumitate	PROPN
faba-244	111	18	nisa	nisa	PROPN
faba-244	111	19	is	be	AUX
faba-244	111	20	29.6	29.6	NUM
faba-244	111	21	%	%	NOUN
faba-244	111	22	.	.	PUNCT
faba-244	112	1	the	the	DET
faba-244	112	2	analysis	analysis	NOUN
faba-244	112	3	is	be	AUX
faba-244	112	4	divided	divide	VERB
faba-244	112	5	into	into	ADP
faba-244	112	6	two	two	NUM
faba-244	112	7	categories	category	NOUN
faba-244	112	8	:	:	PUNCT
faba-244	112	9	"	"	PUNCT
faba-244	112	10	those	those	PRON
faba-244	112	11	who	who	PRON
faba-244	112	12	hold	hold	VERB
faba-244	112	13	the	the	DET
faba-244	112	14	general	general	ADJ
faba-244	112	15	nisa	nisa	PROPN
faba-244	112	16	"	"	PUNCT
faba-244	112	17	and	and	CCONJ
faba-244	112	18	“	"	PUNCT
faba-244	112	19	those	those	PRON
faba-244	112	20	who	who	PRON
faba-244	112	21	hold	hold	VERB
faba-244	112	22	the	the	DET
faba-244	112	23	tsumitate	tsumitate	NOUN
faba-244	112	24	nisa	nisa	PROPN
faba-244	112	25	”	"	PUNCT
faba-244	112	26	in	in	ADP
faba-244	112	27	the	the	DET
faba-244	112	28	old	old	ADJ
faba-244	112	29	nisa	nisa	PROPN
faba-244	112	30	.	.	PUNCT
faba-244	113	1	in	in	ADP
faba-244	113	2	each	each	DET
faba-244	113	3	case	case	NOUN
faba-244	113	4	,	,	PUNCT
faba-244	113	5	the	the	DET
faba-244	113	6	dependent	dependent	ADJ
faba-244	113	7	variable	variable	NOUN
faba-244	113	8	is	be	AUX
faba-244	113	9	a	a	DET
faba-244	113	10	binary	binary	ADJ
faba-244	113	11	indicator	indicator	NOUN
faba-244	113	12	,	,	PUNCT
faba-244	113	13	equal	equal	ADJ
faba-244	113	14	to	to	ADP
faba-244	113	15	1	1	NUM
faba-244	113	16	if	if	SCONJ
faba-244	113	17	the	the	DET
faba-244	113	18	investor	investor	NOUN
faba-244	113	19	holds	hold	VERB
faba-244	113	20	an	an	DET
faba-244	113	21	nisa	nisa	PROPN
faba-244	113	22	,	,	PUNCT
faba-244	113	23	and	and	CCONJ
faba-244	113	24	0	0	NUM
faba-244	113	25	otherwise	otherwise	ADV
faba-244	113	26	.	.	PUNCT
faba-244	114	1	next	next	ADV
faba-244	114	2	,	,	PUNCT
faba-244	114	3	we	we	PRON
faba-244	114	4	examine	examine	VERB
faba-244	114	5	the	the	DET
faba-244	114	6	explanatory	explanatory	ADJ
faba-244	114	7	variables	variable	NOUN
faba-244	114	8	.	.	PUNCT
faba-244	115	1	the	the	DET
faba-244	115	2	variable	variable	ADJ
faba-244	115	3	“	"	PUNCT
faba-244	115	4	life	life	NOUN
faba-244	115	5	stage	stage	NOUN
faba-244	115	6	”	"	PUNCT
faba-244	115	7	is	be	AUX
faba-244	115	8	assigned	assign	VERB
faba-244	115	9	a	a	DET
faba-244	115	10	value	value	NOUN
faba-244	115	11	of	of	ADP
faba-244	115	12	1	1	NUM
faba-244	115	13	for	for	ADP
faba-244	115	14	respondents	respondent	NOUN
faba-244	115	15	who	who	PRON
faba-244	115	16	answered	answer	VERB
faba-244	115	17	“	"	PUNCT
faba-244	115	18	to	to	PART
faba-244	115	19	purchase	purchase	VERB
faba-244	115	20	a	a	DET
faba-244	115	21	home	home	NOUN
faba-244	115	22	,	,	PUNCT
faba-244	115	23	”	"	PUNCT
faba-244	115	24	“	"	PUNCT
faba-244	115	25	to	to	PART
faba-244	115	26	purchase	purchase	VERB
faba-244	115	27	durable	durable	ADJ
faba-244	115	28	consumer	consumer	NOUN
faba-244	115	29	goods	good	NOUN
faba-244	115	30	,	,	PUNCT
faba-244	115	31	”	"	PUNCT
faba-244	115	32	or	or	CCONJ
faba-244	115	33	“	"	PUNCT
faba-244	115	34	to	to	PART
faba-244	115	35	save	save	VERB
faba-244	115	36	for	for	ADP
faba-244	115	37	my	my	PRON
faba-244	115	38	own	own	ADJ
faba-244	115	39	wedding	wedding	NOUN
faba-244	115	40	,	,	PUNCT
faba-244	115	41	”	"	PUNCT
faba-244	115	42	and	and	CCONJ
faba-244	115	43	a	a	DET
faba-244	115	44	value	value	NOUN
faba-244	115	45	of	of	ADP
faba-244	115	46	0	0	NUM
faba-244	115	47	for	for	ADP
faba-244	115	48	no	no	DET
faba-244	115	49	response	response	NOUN
faba-244	115	50	in	in	ADP
faba-244	115	51	response	response	NOUN
faba-244	115	52	to	to	ADP
faba-244	115	53	the	the	DET
faba-244	115	54	question	question	NOUN
faba-244	115	55	“	"	PUNCT
faba-244	115	56	for	for	ADP
faba-244	115	57	what	what	DET
faba-244	115	58	purpose	purpose	NOUN
faba-244	115	59	have	have	AUX
faba-244	115	60	you	you	PRON
faba-244	115	61	used	use	VERB
faba-244	115	62	(	(	PUNCT
faba-244	115	63	or	or	CCONJ
faba-244	115	64	plan	plan	VERB
faba-244	115	65	to	to	PART
faba-244	115	66	use	use	VERB
faba-244	115	67	)	)	PUNCT
faba-244	115	68	general	general	PROPN
faba-244	115	69	nisa	nisa	PROPN
faba-244	115	70	or	or	CCONJ
faba-244	115	71	tsumitate	tsumitate	VERB
faba-244	115	72	nisa	nisa	PROPN
faba-244	115	73	?	?	PUNCT
faba-244	115	74	.	.	PUNCT
faba-244	115	75	”	"	PUNCT
faba-244	116	1	the	the	DET
faba-244	116	2	variable	variable	ADJ
faba-244	116	3	“	"	PUNCT
faba-244	116	4	children	child	NOUN
faba-244	116	5	/	/	SYM
faba-244	116	6	grandchildren	grandchild	NOUN
faba-244	116	7	”	"	PUNCT
faba-244	116	8	is	be	AUX
faba-244	116	9	a	a	DET
faba-244	116	10	binary	binary	ADJ
faba-244	116	11	variable	variable	NOUN
faba-244	116	12	that	that	PRON
faba-244	116	13	is	be	AUX
faba-244	116	14	assigned	assign	VERB
faba-244	116	15	a	a	DET
faba-244	116	16	value	value	NOUN
faba-244	116	17	of	of	ADP
faba-244	116	18	1	1	NUM
faba-244	116	19	if	if	SCONJ
faba-244	116	20	either	either	CCONJ
faba-244	116	21	“	"	PUNCT
faba-244	116	22	educational	educational	ADJ
faba-244	116	23	funds	fund	NOUN
faba-244	116	24	for	for	ADP
faba-244	116	25	children	child	NOUN
faba-244	116	26	/	/	SYM
faba-244	116	27	grandchildren	grandchild	NOUN
faba-244	116	28	”	"	PUNCT
faba-244	116	29	or	or	CCONJ
faba-244	116	30	“	"	PUNCT
faba-244	116	31	funds	fund	NOUN
faba-244	116	32	to	to	PART
faba-244	116	33	leave	leave	VERB
faba-244	116	34	to	to	ADP
faba-244	116	35	children	child	NOUN
faba-244	116	36	/	/	SYM
faba-244	116	37	grandchildren	grandchild	NOUN
faba-244	116	38	”	"	PUNCT
faba-244	116	39	is	be	AUX
faba-244	116	40	selected	select	VERB
faba-244	116	41	,	,	PUNCT
faba-244	116	42	and	and	CCONJ
faba-244	116	43	a	a	DET
faba-244	116	44	value	value	NOUN
faba-244	116	45	of	of	ADP
faba-244	116	46	0	0	NUM
faba-244	116	47	if	if	SCONJ
faba-244	116	48	neither	neither	PRON
faba-244	116	49	is	be	AUX
faba-244	116	50	selected	select	VERB
faba-244	116	51	.	.	PUNCT
faba-244	117	1	the	the	DET
faba-244	117	2	japan	japan	PROPN
faba-244	117	3	securities	securities	PROPN
faba-244	117	4	dealers	dealers	PROPN
faba-244	117	5	association	association	PROPN
faba-244	117	6	survey	survey	NOUN
faba-244	117	7	asked	ask	VERB
faba-244	117	8	simple	simple	ADJ
faba-244	117	9	financial	financial	ADJ
faba-244	117	10	questions	question	NOUN
faba-244	117	11	.	.	PUNCT
faba-244	118	1	this	this	PRON
faba-244	118	2	was	be	AUX
faba-244	118	3	treated	treat	VERB
faba-244	118	4	as	as	ADP
faba-244	118	5	a	a	DET
faba-244	118	6	financial	financial	ADJ
faba-244	118	7	literacy	literacy	NOUN
faba-244	118	8	variable	variable	NOUN
faba-244	118	9	,	,	PUNCT
faba-244	118	10	and	and	CCONJ
faba-244	118	11	a	a	DET
faba-244	118	12	value	value	NOUN
faba-244	118	13	was	be	AUX
faba-244	118	14	assigned	assign	VERB
faba-244	118	15	according	accord	VERB
faba-244	118	16	to	to	ADP
faba-244	118	17	the	the	DET
faba-244	118	18	number	number	NOUN
faba-244	118	19	of	of	ADP
faba-244	118	20	correct	correct	ADJ
faba-244	118	21	answers	answer	NOUN
faba-244	118	22	.	.	PUNCT
faba-244	119	1	those	those	PRON
faba-244	119	2	who	who	PRON
faba-244	119	3	answered	answer	VERB
faba-244	119	4	all	all	DET
faba-244	119	5	questions	question	NOUN
faba-244	119	6	correctly	correctly	ADV
faba-244	119	7	received	receive	VERB
faba-244	119	8	a	a	DET
faba-244	119	9	score	score	NOUN
faba-244	119	10	of	of	ADP
faba-244	119	11	3	3	NUM
faba-244	119	12	,	,	PUNCT
faba-244	119	13	while	while	SCONJ
faba-244	119	14	those	those	PRON
faba-244	119	15	who	who	PRON
faba-244	119	16	answered	answer	VERB
faba-244	119	17	all	all	PRON
faba-244	119	18	incorrectly	incorrectly	ADV
faba-244	119	19	received	receive	VERB
faba-244	119	20	a	a	DET
faba-244	119	21	score	score	NOUN
faba-244	119	22	of	of	ADP
faba-244	119	23	03	03	NUM
faba-244	119	24	.	.	PUNCT
faba-244	120	1	furthermore	furthermore	ADV
faba-244	120	2	,	,	PUNCT
faba-244	120	3	the	the	DET
faba-244	120	4	variable	variable	ADJ
faba-244	120	5	“	"	PUNCT
faba-244	120	6	time	time	NOUN
faba-244	120	7	preference	preference	NOUN
faba-244	120	8	”	"	PUNCT
faba-244	120	9	is	be	AUX
faba-244	120	10	based	base	VERB
faba-244	120	11	on	on	ADP
faba-244	120	12	the	the	DET
faba-244	120	13	question	question	NOUN
faba-244	120	14	,	,	PUNCT
faba-244	120	15	“	"	PUNCT
faba-244	120	16	assuming	assume	VERB
faba-244	120	17	you	you	PRON
faba-244	120	18	will	will	AUX
faba-244	120	19	definitely	definitely	ADV
faba-244	120	20	receive	receive	VERB
faba-244	120	21	the	the	DET
faba-244	120	22	money	money	NOUN
faba-244	120	23	,	,	PUNCT
faba-244	120	24	if	if	SCONJ
faba-244	120	25	you	you	PRON
faba-244	120	26	had	have	VERB
faba-244	120	27	two	two	NUM
faba-244	120	28	options	option	NOUN
faba-244	120	29	—	—	PUNCT
faba-244	120	30	(	(	PUNCT
faba-244	120	31	1	1	X
faba-244	120	32	)	)	PUNCT
faba-244	120	33	receiving	receive	VERB
faba-244	120	34	100,000	100,000	NUM
faba-244	120	35	yen	yen	NOUN
faba-244	120	36	now	now	ADV
faba-244	120	37	or	or	CCONJ
faba-244	120	38	(	(	PUNCT
faba-244	120	39	2	2	X
faba-244	120	40	)	)	PUNCT
faba-244	120	41	receiving	receive	VERB
faba-244	120	42	110,000	110,000	NUM
faba-244	120	43	yen	yen	NOUN
faba-244	120	44	in	in	ADP
faba-244	120	45	one	one	NUM
faba-244	120	46	year	year	NOUN
faba-244	120	47	,	,	PUNCT
faba-244	120	48	you	you	PRON
faba-244	120	49	would	would	AUX
faba-244	120	50	choose	choose	VERB
faba-244	120	51	(	(	PUNCT
faba-244	120	52	1	1	NUM
faba-244	120	53	)	)	PUNCT
faba-244	120	54	.	.	PUNCT
faba-244	120	55	”	"	PUNCT
faba-244	121	1	the	the	DET
faba-244	121	2	answers	answer	NOUN
faba-244	121	3	to	to	ADP
faba-244	121	4	this	this	DET
faba-244	121	5	question	question	NOUN
faba-244	121	6	were	be	AUX
faba-244	121	7	“	"	PUNCT
faba-244	121	8	i	i	PRON
faba-244	121	9	think	think	VERB
faba-244	121	10	so	so	ADV
faba-244	121	11	,	,	PUNCT
faba-244	121	12	”	"	PUNCT
faba-244	121	13	“	"	PUNCT
faba-244	121	14	i	i	PRON
faba-244	121	15	ca	can	AUX
faba-244	121	16	n't	not	PART
faba-244	121	17	say	say	VERB
faba-244	121	18	,	,	PUNCT
faba-244	121	19	”	"	PUNCT
faba-244	121	20	and	and	CCONJ
faba-244	121	21	“	"	PUNCT
faba-244	121	22	i	i	PRON
faba-244	121	23	do	do	AUX
faba-244	121	24	n't	not	PART
faba-244	121	25	think	think	VERB
faba-244	121	26	so	so	ADV
faba-244	121	27	,	,	PUNCT
faba-244	121	28	”	"	PUNCT
faba-244	121	29	so	so	SCONJ
faba-244	121	30	the	the	DET
faba-244	121	31	numbers	number	NOUN
faba-244	121	32	2	2	NUM
faba-244	121	33	,	,	PUNCT
faba-244	121	34	1	1	NUM
faba-244	121	35	,	,	PUNCT
faba-244	121	36	and	and	CCONJ
faba-244	121	37	0	0	NUM
faba-244	121	38	are	be	AUX
faba-244	121	39	assigned	assign	VERB
faba-244	121	40	to	to	ADP
faba-244	121	41	each	each	DET
faba-244	121	42	answer	answer	NOUN
faba-244	121	43	.	.	PUNCT
faba-244	122	1	finally	finally	ADV
faba-244	122	2	,	,	PUNCT
faba-244	122	3	for	for	ADP
faba-244	122	4	the	the	DET
faba-244	122	5	variable	variable	ADJ
faba-244	122	6	“	"	PUNCT
faba-244	122	7	risk	risk	NOUN
faba-244	122	8	assessment	assessment	NOUN
faba-244	122	9	,	,	PUNCT
faba-244	122	10	”	"	PUNCT
faba-244	122	11	we	we	PRON
faba-244	122	12	used	use	VERB
faba-244	122	13	the	the	DET
faba-244	122	14	question	question	NOUN
faba-244	122	15	,	,	PUNCT
faba-244	122	16	“	"	PUNCT
faba-244	122	17	if	if	SCONJ
faba-244	122	18	an	an	DET
faba-244	122	19	investment	investment	NOUN
faba-244	122	20	of	of	ADP
faba-244	122	21	100,000	100,000	NUM
faba-244	122	22	yen	yen	NOUN
faba-244	122	23	results	result	NOUN
faba-244	122	24	in	in	ADP
faba-244	122	25	a	a	DET
faba-244	122	26	50/50	50/50	NUM
faba-244	122	27	chance	chance	NOUN
faba-244	122	28	of	of	ADP
faba-244	122	29	either	either	CCONJ
faba-244	122	30	a	a	DET
faba-244	122	31	capital	capital	NOUN
faba-244	122	32	gain	gain	NOUN
faba-244	122	33	of	of	ADP
faba-244	122	34	20,000	20,000	NUM
faba-244	122	35	yen	yen	NOUN
faba-244	122	36	or	or	CCONJ
faba-244	122	37	a	a	DET
faba-244	122	38	capital	capital	NOUN
faba-244	122	39	loss	loss	NOUN
faba-244	122	40	of	of	ADP
faba-244	122	41	10,000	10,000	NUM
faba-244	122	42	yen	yen	NOUN
faba-244	122	43	,	,	PUNCT
faba-244	122	44	i	i	PRON
faba-244	122	45	would	would	AUX
faba-244	122	46	not	not	PART
faba-244	122	47	invest	invest	VERB
faba-244	122	48	.	.	PUNCT
faba-244	122	49	”	"	PUNCT
faba-244	123	1	additionally	additionally	ADV
faba-244	123	2	,	,	PUNCT
faba-244	123	3	we	we	PRON
faba-244	123	4	included	include	VERB
faba-244	123	5	dummies	dummy	NOUN
faba-244	123	6	variables	variable	NOUN
faba-244	123	7	for	for	ADP
faba-244	123	8	opening	open	VERB
faba-244	123	9	accounts	account	NOUN
faba-244	123	10	at	at	ADP
faba-244	123	11	securities	security	NOUN
faba-244	123	12	companies	company	NOUN
faba-244	123	13	,	,	PUNCT
faba-244	123	14	banks	bank	NOUN
faba-244	123	15	,	,	PUNCT
faba-244	123	16	credit	credit	NOUN
faba-244	123	17	unions	union	NOUN
faba-244	123	18	,	,	PUNCT
faba-244	123	19	credit	credit	NOUN
faba-244	123	20	associations	association	NOUN
faba-244	123	21	,	,	PUNCT
faba-244	123	22	and	and	CCONJ
faba-244	123	23	dummies	dummy	NOUN
faba-244	123	24	for	for	ADP
faba-244	123	25	holding	hold	VERB
faba-244	123	26	stocks	stock	NOUN
faba-244	123	27	and	and	CCONJ
faba-244	123	28	investment	investment	NOUN
faba-244	123	29	trusts	trust	NOUN
faba-244	123	30	.	.	PUNCT
faba-244	124	1	method	method	VERB
faba-244	124	2	the	the	DET
faba-244	124	3	dependent	dependent	ADJ
faba-244	124	4	variable	variable	NOUN
faba-244	124	5	used	use	VERB
faba-244	124	6	in	in	ADP
faba-244	124	7	the	the	DET
faba-244	124	8	analysis	analysis	NOUN
faba-244	124	9	is	be	AUX
faba-244	124	10	a	a	DET
faba-244	124	11	binary	binary	ADJ
faba-244	124	12	variable	variable	NOUN
faba-244	124	13	:	:	PUNCT
faba-244	124	14	having	have	VERB
faba-244	124	15	assets	asset	NOUN
faba-244	124	16	or	or	CCONJ
faba-244	124	17	not	not	PART
faba-244	124	18	having	have	VERB
faba-244	124	19	assets	asset	NOUN
faba-244	124	20	.	.	PUNCT
faba-244	125	1	the	the	DET
faba-244	125	2	dependent	dependent	ADJ
faba-244	125	3	variable	variable	NOUN
faba-244	125	4	is	be	AUX
faba-244	125	5	binary	binary	NOUN
faba-244	125	6	taking	take	VERB
faba-244	125	7	the	the	DET
faba-244	125	8	value	value	NOUN
faba-244	125	9	of	of	ADP
faba-244	125	10	1	1	NUM
faba-244	125	11	if	if	SCONJ
faba-244	125	12	the	the	DET
faba-244	125	13	investor	investor	NOUN
faba-244	125	14	invests	invest	NOUN
faba-244	125	15	and	and	CCONJ
faba-244	125	16	0	0	NUM
faba-244	125	17	otherwise	otherwise	ADV
faba-244	125	18	.	.	PUNCT
faba-244	126	1	when	when	SCONJ
faba-244	126	2	estimating	estimate	VERB
faba-244	126	3	a	a	DET
faba-244	126	4	probability	probability	NOUN
faba-244	126	5	model	model	NOUN
faba-244	126	6	using	use	VERB
faba-244	126	7	ols	ol	NOUN
faba-244	126	8	,	,	PUNCT
faba-244	126	9	issues	issue	NOUN
faba-244	126	10	can	can	AUX
faba-244	126	11	arise	arise	VERB
faba-244	126	12	in	in	ADP
faba-244	126	13	measuring	measure	VERB
faba-244	126	14	marginal	marginal	ADJ
faba-244	126	15	effects	effect	NOUN
faba-244	126	16	.	.	PUNCT
faba-244	127	1	therefore	therefore	ADV
faba-244	127	2	,	,	PUNCT
faba-244	127	3	we	we	PRON
faba-244	127	4	estimated	estimate	VERB
faba-244	127	5	it	it	PRON
faba-244	127	6	using	use	VERB
faba-244	127	7	a	a	DET
faba-244	127	8	probit	probit	NOUN
faba-244	127	9	model4	model4	NOUN
faba-244	127	10	.	.	PUNCT
faba-244	128	1	the	the	DET
faba-244	128	2	model	model	NOUN
faba-244	128	3	to	to	PART
faba-244	128	4	be	be	AUX
faba-244	128	5	estimated	estimate	VERB
faba-244	128	6	is	be	AUX
faba-244	128	7	a	a	DET
faba-244	128	8	binary	binary	ADJ
faba-244	128	9	response	response	NOUN
faba-244	128	10	type	type	NOUN
faba-244	128	11	as	as	SCONJ
faba-244	128	12	follows	follow	VERB
faba-244	128	13	:	:	PUNCT
faba-244	128	14	pr(𝑦	pr(𝑦	NOUN
faba-244	128	15	=	=	SYM
faba-244	128	16	1|𝒙	1|𝒙	NUM
faba-244	128	17	)	)	PUNCT
faba-244	128	18	=	=	SYM
faba-244	129	1	𝐺(𝛽0	𝐺(𝛽0	PROPN
faba-244	129	2	+	+	CCONJ
faba-244	129	3	𝒙𝜷	𝒙𝜷	NOUN
faba-244	129	4	)	)	PUNCT
faba-244	129	5	(	(	PUNCT
faba-244	129	6	1	1	X
faba-244	129	7	)	)	PUNCT
faba-244	129	8	where	where	SCONJ
faba-244	129	9	0	0	NUM
faba-244	129	10	<	<	X
faba-244	129	11	𝐺(𝑧	𝐺(𝑧	NUM
faba-244	129	12	)	)	PUNCT
faba-244	129	13	<	<	X
faba-244	129	14	1	1	NUM
faba-244	129	15	for	for	ADP
faba-244	129	16	real	real	ADJ
faba-244	129	17	𝑧	𝑧	NOUN
faba-244	129	18	and	and	CCONJ
faba-244	129	19	𝒙𝜷	𝒙𝜷	X
faba-244	129	20	=	=	SYM
faba-244	129	21	𝛽1𝑥1	𝛽1𝑥1	ADP
faba-244	129	22	+	+	CCONJ
faba-244	129	23	𝛽2𝑥2	𝛽2𝑥2	PROPN
faba-244	129	24	+	+	NUM
faba-244	129	25	⋯.	⋯.	NOUN
faba-244	129	26	the	the	DET
faba-244	129	27	well	well	ADV
faba-244	129	28	-	-	PUNCT
faba-244	129	29	known	know	VERB
faba-244	129	30	logit	logit	NOUN
faba-244	129	31	and	and	CCONJ
faba-244	129	32	probit	probit	NOUN
faba-244	129	33	models	model	NOUN
faba-244	129	34	assume	assume	VERB
faba-244	129	35	that	that	SCONJ
faba-244	129	36	𝐺(𝑧	𝐺(𝑧	ADV
faba-244	129	37	)	)	PUNCT
faba-244	129	38	is	be	AUX
faba-244	129	39	logistic	logistic	ADJ
faba-244	129	40	and	and	CCONJ
faba-244	129	41	standard	standard	ADJ
faba-244	129	42	normal	normal	ADJ
faba-244	129	43	distributed	distributed	NOUN
faba-244	129	44	,	,	PUNCT
faba-244	129	45	respectively	respectively	ADV
faba-244	129	46	.	.	PUNCT
faba-244	130	1	therefore	therefore	ADV
faba-244	130	2	,	,	PUNCT
faba-244	130	3	𝐺(𝑧	𝐺(𝑧	NUM
faba-244	130	4	)	)	PUNCT
faba-244	130	5	=	=	SYM
faba-244	130	6	exp(𝑧	exp(𝑧	PROPN
faba-244	130	7	)	)	PUNCT
faba-244	130	8	1	1	NUM
faba-244	131	1	+	+	CCONJ
faba-244	131	2	exp(𝑧	exp(𝑧	PROPN
faba-244	131	3	)	)	PUNCT
faba-244	131	4	=	=	SYM
faba-244	131	5	λ(𝑧	λ(𝑧	PROPN
faba-244	131	6	)	)	PUNCT
faba-244	131	7	(	(	PUNCT
faba-244	131	8	2	2	X
faba-244	131	9	)	)	PUNCT
faba-244	131	10	is	be	AUX
faba-244	131	11	used	use	VERB
faba-244	131	12	in	in	ADP
faba-244	131	13	the	the	DET
faba-244	131	14	case	case	NOUN
faba-244	131	15	of	of	ADP
faba-244	131	16	the	the	DET
faba-244	131	17	logit	logit	PROPN
faba-244	131	18	model	model	NOUN
faba-244	131	19	,	,	PUNCT
faba-244	131	20	and	and	CCONJ
faba-244	131	21	the	the	DET
faba-244	131	22	following	follow	VERB
faba-244	131	23	is	be	AUX
faba-244	131	24	used	use	VERB
faba-244	131	25	in	in	ADP
faba-244	131	26	the	the	DET
faba-244	131	27	case	case	NOUN
faba-244	131	28	of	of	ADP
faba-244	131	29	the	the	DET
faba-244	131	30	probit	probit	NOUN
faba-244	131	31	model	model	NOUN
faba-244	131	32	:	:	PUNCT
faba-244	131	33	𝐺(𝑧	𝐺(𝑧	NUM
faba-244	131	34	)	)	PUNCT
faba-244	132	1	=	=	SYM
faba-244	132	2	∫	∫	PROPN
faba-244	132	3	𝜙(𝑣)𝑑𝑣	𝜙(𝑣)𝑑𝑣	NUM
faba-244	132	4	𝑧	𝑧	PRON
faba-244	132	5	−∞	−∞	X
faba-244	132	6	=	=	SYM
faba-244	132	7	φ(𝑧	φ(𝑧	PROPN
faba-244	132	8	)	)	PUNCT
faba-244	132	9	(	(	PUNCT
faba-244	132	10	3	3	X
faba-244	132	11	)	)	PUNCT
faba-244	132	12	where	where	SCONJ
faba-244	132	13	𝜙(𝑧	𝜙(𝑧	NOUN
faba-244	132	14	)	)	PUNCT
faba-244	132	15	is	be	AUX
faba-244	132	16	the	the	DET
faba-244	132	17	standard	standard	ADJ
faba-244	132	18	normal	normal	ADJ
faba-244	132	19	density	density	NOUN
faba-244	132	20	:	:	PUNCT
faba-244	132	21	3	3	NUM
faba-244	132	22	the	the	DET
faba-244	132	23	questions	question	NOUN
faba-244	132	24	asked	ask	VERB
faba-244	132	25	were	be	AUX
faba-244	132	26	as	as	SCONJ
faba-244	132	27	follows	follow	VERB
faba-244	132	28	:	:	PUNCT
faba-244	132	29	1	1	X
faba-244	132	30	.	.	X
faba-244	132	31	investments	investment	NOUN
faba-244	132	32	with	with	ADP
faba-244	132	33	higher	high	ADJ
faba-244	132	34	than	than	ADP
faba-244	132	35	average	average	ADJ
faba-244	132	36	of	of	ADP
faba-244	132	37	returns	return	NOUN
faba-244	132	38	also	also	ADV
faba-244	132	39	carry	carry	VERB
faba-244	132	40	higher	high	ADJ
faba-244	132	41	than	than	ADP
faba-244	132	42	average	average	ADJ
faba-244	132	43	risks	risk	NOUN
faba-244	132	44	.	.	PUNCT
faba-244	133	1	2	2	X
faba-244	133	2	.	.	X
faba-244	133	3	buying	buy	VERB
faba-244	133	4	shares	share	NOUN
faba-244	133	5	in	in	ADP
faba-244	133	6	a	a	DET
faba-244	133	7	single	single	ADJ
faba-244	133	8	company	company	NOUN
faba-244	133	9	is	be	AUX
faba-244	133	10	usually	usually	ADV
faba-244	133	11	a	a	DET
faba-244	133	12	safer	safe	ADJ
faba-244	133	13	investment	investment	NOUN
faba-244	133	14	than	than	ADP
faba-244	133	15	buying	buy	VERB
faba-244	133	16	a	a	DET
faba-244	133	17	mutual	mutual	ADJ
faba-244	133	18	fund	fund	NOUN
faba-244	133	19	(	(	PUNCT
faba-244	133	20	a	a	DET
faba-244	133	21	financial	financial	ADJ
faba-244	133	22	product	product	NOUN
faba-244	133	23	that	that	PRON
faba-244	133	24	invests	invest	VERB
faba-244	133	25	in	in	ADP
faba-244	133	26	multiple	multiple	ADJ
faba-244	133	27	stocks	stock	NOUN
faba-244	133	28	)	)	PUNCT
faba-244	133	29	.	.	PUNCT
faba-244	134	1	3	3	X
faba-244	134	2	.	.	X
faba-244	134	3	when	when	SCONJ
faba-244	134	4	interest	interest	NOUN
faba-244	134	5	rates	rate	NOUN
faba-244	134	6	rise	rise	VERB
faba-244	134	7	,	,	PUNCT
faba-244	134	8	bond	bond	NOUN
faba-244	134	9	prices	price	NOUN
faba-244	134	10	fall	fall	VERB
faba-244	134	11	.	.	PUNCT
faba-244	135	1	4	4	NUM
faba-244	135	2	although	although	SCONJ
faba-244	135	3	it	it	PRON
faba-244	135	4	is	be	AUX
faba-244	135	5	also	also	ADV
faba-244	135	6	possible	possible	ADJ
faba-244	135	7	to	to	PART
faba-244	135	8	estimate	estimate	VERB
faba-244	135	9	using	use	VERB
faba-244	135	10	the	the	DET
faba-244	135	11	logit	logit	NOUN
faba-244	135	12	model	model	NOUN
faba-244	135	13	,	,	PUNCT
faba-244	135	14	we	we	PRON
faba-244	135	15	use	use	VERB
faba-244	135	16	the	the	DET
faba-244	135	17	probit	probit	NOUN
faba-244	135	18	model	model	NOUN
faba-244	135	19	for	for	ADP
faba-244	135	20	our	our	PRON
faba-244	135	21	analysis	analysis	NOUN
faba-244	135	22	because	because	SCONJ
faba-244	135	23	the	the	DET
faba-244	135	24	only	only	ADJ
faba-244	135	25	difference	difference	NOUN
faba-244	135	26	between	between	ADP
faba-244	135	27	the	the	DET
faba-244	135	28	probit	probit	NOUN
faba-244	135	29	and	and	CCONJ
faba-244	135	30	logit	logit	NOUN
faba-244	135	31	models	model	NOUN
faba-244	135	32	is	be	AUX
faba-244	135	33	the	the	DET
faba-244	135	34	complexity	complexity	NOUN
faba-244	135	35	of	of	ADP
faba-244	135	36	the	the	DET
faba-244	135	37	calculations	calculation	NOUN
faba-244	135	38	,	,	PUNCT
faba-244	135	39	and	and	CCONJ
faba-244	135	40	the	the	DET
faba-244	135	41	results	result	NOUN
faba-244	135	42	do	do	AUX
faba-244	135	43	not	not	PART
faba-244	135	44	significantly	significantly	ADV
faba-244	135	45	differ	differ	VERB
faba-244	135	46	.	.	PUNCT
faba-244	136	1	shin	shin	PROPN
faba-244	136	2	fukuda	fukuda	PROPN
faba-244	136	3	and	and	CCONJ
faba-244	136	4	luna	luna	PROPN
faba-244	136	5	akahira/	akahira/	NUM
faba-244	136	6	finance	finance	NOUN
faba-244	136	7	,	,	PUNCT
faba-244	136	8	accounting	accounting	NOUN
faba-244	136	9	and	and	CCONJ
faba-244	136	10	business	business	NOUN
faba-244	136	11	analysis	analysis	NOUN
faba-244	136	12	,	,	PUNCT
faba-244	136	13	volume	volume	NOUN
faba-244	136	14	6	6	NUM
faba-244	136	15	,	,	PUNCT
faba-244	136	16	issue	issue	NOUN
faba-244	136	17	2	2	NUM
faba-244	136	18	,	,	PUNCT
faba-244	136	19	2024	2024	NUM
faba-244	136	20	201	201	NUM
faba-244	136	21	𝜙(𝑧	𝜙(𝑧	NOUN
faba-244	136	22	)	)	PUNCT
faba-244	137	1	=	=	PUNCT
faba-244	137	2	(	(	PUNCT
faba-244	137	3	2𝜋)−1	2𝜋)−1	NUM
faba-244	137	4	2⁄	2⁄	NUM
faba-244	137	5	exp(−𝑧2	exp(−𝑧2	NOUN
faba-244	137	6	2⁄	2⁄	NUM
faba-244	137	7	)	)	PUNCT
faba-244	137	8	(	(	PUNCT
faba-244	137	9	4	4	X
faba-244	137	10	)	)	PUNCT
faba-244	137	11	as	as	SCONJ
faba-244	137	12	can	can	AUX
faba-244	137	13	be	be	AUX
faba-244	137	14	seen	see	VERB
faba-244	137	15	from	from	ADP
faba-244	137	16	equation	equation	NOUN
faba-244	137	17	(	(	PUNCT
faba-244	137	18	1	1	NUM
faba-244	137	19	)	)	PUNCT
faba-244	137	20	,	,	PUNCT
faba-244	137	21	𝛽𝑗	𝛽𝑗	PRON
faba-244	137	22	can	can	AUX
faba-244	137	23	not	not	PART
faba-244	137	24	be	be	AUX
faba-244	137	25	a	a	DET
faba-244	137	26	useful	useful	ADJ
faba-244	137	27	measure	measure	NOUN
faba-244	137	28	of	of	ADP
faba-244	137	29	marginal	marginal	ADJ
faba-244	137	30	effect	effect	NOUN
faba-244	137	31	.	.	PUNCT
faba-244	138	1	as	as	SCONJ
faba-244	138	2	can	can	AUX
faba-244	138	3	be	be	AUX
faba-244	138	4	seen	see	VERB
faba-244	138	5	from	from	ADP
faba-244	138	6	equation	equation	NOUN
faba-244	138	7	(	(	PUNCT
faba-244	138	8	1	1	NUM
faba-244	138	9	)	)	PUNCT
faba-244	138	10	,	,	PUNCT
faba-244	138	11	𝛽𝑗	𝛽𝑗	PRON
faba-244	138	12	can	can	AUX
faba-244	138	13	not	not	PART
faba-244	138	14	be	be	AUX
faba-244	138	15	a	a	DET
faba-244	138	16	useful	useful	ADJ
faba-244	138	17	measure	measure	NOUN
faba-244	138	18	of	of	ADP
faba-244	138	19	the	the	DET
faba-244	138	20	marginal	marginal	ADJ
faba-244	138	21	effect	effect	NOUN
faba-244	138	22	because	because	SCONJ
faba-244	138	23	the	the	DET
faba-244	138	24	model	model	NOUN
faba-244	138	25	function	function	NOUN
faba-244	138	26	is	be	AUX
faba-244	138	27	specified	specify	VERB
faba-244	138	28	by	by	ADP
faba-244	138	29	nonlinear	nonlinear	ADJ
faba-244	138	30	𝐺.	𝐺.	NOUN
faba-244	138	31	if	if	SCONJ
faba-244	138	32	𝑔(𝑧	𝑔(𝑧	NOUN
faba-244	138	33	)	)	PUNCT
faba-244	138	34	is	be	AUX
faba-244	138	35	the	the	DET
faba-244	138	36	probability	probability	NOUN
faba-244	138	37	density	density	NOUN
faba-244	138	38	function	function	NOUN
faba-244	138	39	,	,	PUNCT
faba-244	138	40	the	the	DET
faba-244	138	41	marginal	marginal	ADJ
faba-244	138	42	effect	effect	NOUN
faba-244	138	43	in	in	ADP
faba-244	138	44	this	this	DET
faba-244	138	45	case	case	NOUN
faba-244	138	46	is	be	AUX
faba-244	138	47	measured	measure	VERB
faba-244	138	48	as	as	SCONJ
faba-244	138	49	follows	follow	VERB
faba-244	138	50	:	:	PUNCT
faba-244	138	51	𝜕𝑝(𝒙	𝜕𝑝(𝒙	ADJ
faba-244	138	52	)	)	PUNCT
faba-244	138	53	𝜕𝑥𝑗	𝜕𝑥𝑗	PUNCT
faba-244	139	1	=	=	PRON
faba-244	139	2	𝑔(𝛽0	𝑔(𝛽0	NOUN
faba-244	139	3	+	+	CCONJ
faba-244	139	4	𝒙𝜷)𝛽𝑗	𝒙𝜷)𝛽𝑗	VERB
faba-244	139	5	(	(	PUNCT
faba-244	139	6	5	5	NUM
faba-244	139	7	)	)	PUNCT
faba-244	139	8	now	now	ADV
faba-244	139	9	,	,	PUNCT
faba-244	139	10	if	if	SCONJ
faba-244	139	11	𝑥1	𝑥1	NOUN
faba-244	139	12	=	=	SYM
faba-244	139	13	0	0	NUM
faba-244	139	14	𝑜𝑟	𝑜𝑟	DET
faba-244	139	15	1	1	NUM
faba-244	139	16	is	be	AUX
faba-244	139	17	a	a	DET
faba-244	139	18	binary	binary	ADJ
faba-244	139	19	variable	variable	NOUN
faba-244	139	20	,	,	PUNCT
faba-244	139	21	the	the	DET
faba-244	139	22	marginal	marginal	ADJ
faba-244	139	23	effect	effect	NOUN
faba-244	139	24	of	of	ADP
faba-244	139	25	changing	change	VERB
faba-244	139	26	𝑥1	𝑥1	PROPN
faba-244	139	27	from	from	ADP
faba-244	139	28	0	0	NUM
faba-244	139	29	to	to	PART
faba-244	139	30	1	1	NUM
faba-244	139	31	is	be	AUX
faba-244	139	32	calculated	calculate	VERB
faba-244	139	33	as	as	ADP
faba-244	139	34	:	:	PUNCT
faba-244	139	35	𝐺(𝛽0	𝐺(𝛽0	ADJ
faba-244	139	36	+	+	CCONJ
faba-244	139	37	𝛽1	𝛽1	NOUN
faba-244	139	38	+	+	CCONJ
faba-244	139	39	𝛽2𝑥2	𝛽2𝑥2	X
faba-244	139	40	+	+	CCONJ
faba-244	139	41	⋯	⋯	VERB
faba-244	139	42	+	+	NUM
faba-244	139	43	𝛽𝑘𝑥𝑘	𝛽𝑘𝑥𝑘	NOUN
faba-244	139	44	)	)	PUNCT
faba-244	139	45	−	−	PROPN
faba-244	139	46	𝐺(𝛽0	𝐺(𝛽0	PROPN
faba-244	139	47	+	+	CCONJ
faba-244	139	48	𝛽2𝑥2	𝛽2𝑥2	X
faba-244	139	49	+	+	CCONJ
faba-244	139	50	⋯	⋯	VERB
faba-244	139	51	+	+	NUM
faba-244	139	52	𝛽𝑘𝑥𝑘	𝛽𝑘𝑥𝑘	NOUN
faba-244	139	53	)	)	PUNCT
faba-244	139	54	(	(	PUNCT
faba-244	139	55	6	6	NUM
faba-244	139	56	)	)	PUNCT
faba-244	139	57	for	for	ADP
faba-244	139	58	example	example	NOUN
faba-244	139	59	,	,	PUNCT
faba-244	139	60	if	if	SCONJ
faba-244	139	61	this	this	PRON
faba-244	139	62	is	be	AUX
faba-244	139	63	positive	positive	ADJ
faba-244	139	64	,	,	PUNCT
faba-244	139	65	it	it	PRON
faba-244	139	66	means	mean	VERB
faba-244	139	67	that	that	SCONJ
faba-244	139	68	when	when	SCONJ
faba-244	139	69	𝑥𝑖	𝑥𝑖	PROPN
faba-244	139	70	=	=	SYM
faba-244	139	71	1	1	NUM
faba-244	139	72	in	in	ADP
faba-244	139	73	the	the	DET
faba-244	139	74	margin	margin	NOUN
faba-244	139	75	,	,	PUNCT
faba-244	139	76	the	the	DET
faba-244	139	77	probability	probability	NOUN
faba-244	139	78	𝑦	𝑦	NOUN
faba-244	139	79	=	=	SYM
faba-244	139	80	1	1	NUM
faba-244	139	81	increases	increase	NOUN
faba-244	139	82	.	.	PUNCT
faba-244	140	1	binary	binary	ADJ
faba-244	140	2	response	response	NOUN
faba-244	140	3	models	model	NOUN
faba-244	140	4	are	be	AUX
faba-244	140	5	estimated	estimate	VERB
faba-244	140	6	by	by	ADP
faba-244	140	7	maximum	maximum	ADJ
faba-244	140	8	likelihood	likelihood	NOUN
faba-244	140	9	methods	method	NOUN
faba-244	140	10	.	.	PUNCT
faba-244	141	1	the	the	DET
faba-244	141	2	procedure	procedure	NOUN
faba-244	141	3	begins	begin	VERB
faba-244	141	4	by	by	ADP
faba-244	141	5	constructing	construct	VERB
faba-244	141	6	a	a	DET
faba-244	141	7	weight	weight	NOUN
faba-244	141	8	function	function	NOUN
faba-244	141	9	such	such	ADJ
faba-244	141	10	as	as	ADP
faba-244	141	11	:	:	PUNCT
faba-244	141	12	𝑓(𝑦|𝒙𝑖	𝑓(𝑦|𝒙𝑖	NOUN
faba-244	141	13	;	;	PUNCT
faba-244	141	14	𝜷	𝜷	X
faba-244	141	15	)	)	PUNCT
faba-244	141	16	=	=	PUNCT
faba-244	142	1	[	[	PUNCT
faba-244	142	2	𝐺(𝛽0	𝐺(𝛽0	ADJ
faba-244	142	3	+	+	CCONJ
faba-244	142	4	𝒙𝜷)]𝑦[1	𝒙𝜷)]𝑦[1	NOUN
faba-244	142	5	−	−	X
faba-244	142	6	𝐺(𝛽0	𝐺(𝛽0	PROPN
faba-244	142	7	+	+	CCONJ
faba-244	142	8	𝒙𝜷)]1−𝑦	𝒙𝜷)]1−𝑦	ADV
faba-244	142	9	,	,	PUNCT
faba-244	142	10	𝑦	𝑦	NOUN
faba-244	142	11	=	=	SYM
faba-244	142	12	0,1	0,1	NUM
faba-244	142	13	(	(	PUNCT
faba-244	142	14	7	7	NUM
faba-244	142	15	)	)	PUNCT
faba-244	142	16	that	that	PRON
faba-244	142	17	represents	represent	VERB
faba-244	142	18	the	the	DET
faba-244	142	19	density	density	NOUN
faba-244	142	20	function	function	NOUN
faba-244	142	21	of	of	ADP
faba-244	142	22	𝑦𝑖	𝑦𝑖	PROPN
faba-244	142	23	given	give	VERB
faba-244	142	24	𝑥𝑖.	𝑥𝑖.	ADP
faba-244	142	25	this	this	DET
faba-244	142	26	function	function	NOUN
faba-244	142	27	indicates	indicate	VERB
faba-244	142	28	that	that	SCONJ
faba-244	142	29	when	when	SCONJ
faba-244	142	30	𝑦	𝑦	NOUN
faba-244	142	31	=	=	SYM
faba-244	142	32	1	1	NUM
faba-244	142	33	,	,	PUNCT
faba-244	142	34	𝑓	𝑓	PRON
faba-244	142	35	=	=	PROPN
faba-244	142	36	𝐺	𝐺	PROPN
faba-244	142	37	,	,	PUNCT
faba-244	142	38	and	and	CCONJ
faba-244	142	39	when	when	SCONJ
faba-244	142	40	𝑦	𝑦	NOUN
faba-244	142	41	=	=	SYM
faba-244	142	42	0	0	NUM
faba-244	142	43	,	,	PUNCT
faba-244	142	44	𝑓	𝑓	NOUN
faba-244	142	45	=	=	SYM
faba-244	142	46	1	1	NUM
faba-244	142	47	−	−	NOUN
faba-244	142	48	𝐺.	𝐺.	NOUN
faba-244	142	49	by	by	ADP
faba-244	142	50	taking	take	VERB
faba-244	142	51	the	the	DET
faba-244	142	52	logarithm	logarithm	NOUN
faba-244	142	53	of	of	ADP
faba-244	142	54	both	both	DET
faba-244	142	55	sides	side	NOUN
faba-244	142	56	,	,	PUNCT
faba-244	142	57	we	we	PRON
faba-244	142	58	can	can	AUX
faba-244	142	59	obtain	obtain	VERB
faba-244	142	60	the	the	DET
faba-244	142	61	log	log	NOUN
faba-244	142	62	-	-	PUNCT
faba-244	142	63	likelihood	likelihood	NOUN
faba-244	142	64	like	like	ADP
faba-244	142	65	ℓ𝑖(𝜷	ℓ𝑖(𝜷	NOUN
faba-244	142	66	)	)	PUNCT
faba-244	142	67	=	=	SYM
faba-244	142	68	𝑦𝑖	𝑦𝑖	NUM
faba-244	142	69	log	log	NOUN
faba-244	142	70	𝐺	𝐺	PROPN
faba-244	142	71	+	+	CCONJ
faba-244	142	72	(	(	PUNCT
faba-244	142	73	1	1	NUM
faba-244	142	74	−	−	NOUN
faba-244	142	75	𝑦𝑖	𝑦𝑖	PROPN
faba-244	142	76	)	)	PUNCT
faba-244	142	77	log[1	log[1	PROPN
faba-244	142	78	−	−	PROPN
faba-244	142	79	𝐺	𝐺	PROPN
faba-244	142	80	]	]	X
faba-244	142	81	(	(	PUNCT
faba-244	142	82	8)	8)	NUM
faba-244	142	83	when	when	SCONJ
faba-244	142	84	the	the	DET
faba-244	142	85	sample	sample	NOUN
faba-244	142	86	size	size	NOUN
faba-244	142	87	is	be	AUX
faba-244	142	88	𝑛	𝑛	PROPN
faba-244	142	89	,	,	PUNCT
faba-244	142	90	the	the	DET
faba-244	142	91	model	model	NOUN
faba-244	142	92	log	log	NOUN
faba-244	142	93	-	-	PUNCT
faba-244	142	94	likelihood	likelihood	NOUN
faba-244	142	95	is	be	AUX
faba-244	142	96	𝐿(𝜷	𝐿(𝜷	PRON
faba-244	142	97	)	)	PUNCT
faba-244	142	98	=	=	PUNCT
faba-244	142	99	∑	∑	PUNCT
faba-244	142	100	ℓ𝑖(𝜷)𝑛	ℓ𝑖(𝜷)𝑛	PROPN
faba-244	142	101	𝑖=1	𝑖=1	PROPN
faba-244	142	102	.	.	PUNCT
faba-244	143	1	the	the	DET
faba-244	143	2	𝜷	𝜷	NOUN
faba-244	143	3	maximizing	maximize	VERB
faba-244	143	4	this	this	PRON
faba-244	143	5	is	be	AUX
faba-244	143	6	the	the	DET
faba-244	143	7	maximum	maximum	ADJ
faba-244	143	8	likelihood	likelihood	NOUN
faba-244	143	9	estimator	estimator	NOUN
faba-244	143	10	�	�	PROPN
faba-244	143	11	̂	̂	PROPN
faba-244	143	12	�	�	PROPN
faba-244	143	13	.	.	PUNCT
faba-244	144	1	finally	finally	ADV
faba-244	144	2	,	,	PUNCT
faba-244	144	3	we	we	PRON
faba-244	144	4	will	will	AUX
faba-244	144	5	briefly	briefly	ADV
faba-244	144	6	explain	explain	VERB
faba-244	144	7	the	the	DET
faba-244	144	8	method	method	NOUN
faba-244	144	9	for	for	ADP
faba-244	144	10	deriving	derive	VERB
faba-244	144	11	the	the	DET
faba-244	144	12	marginal	marginal	ADJ
faba-244	144	13	effects	effect	NOUN
faba-244	144	14	used	use	VERB
faba-244	144	15	in	in	ADP
faba-244	144	16	this	this	DET
faba-244	144	17	paper	paper	NOUN
faba-244	144	18	.	.	PUNCT
faba-244	145	1	the	the	DET
faba-244	145	2	effect	effect	NOUN
faba-244	145	3	of	of	ADP
faba-244	145	4	𝑥𝑗	𝑥𝑗	PRON
faba-244	145	5	on	on	ADP
faba-244	145	6	the	the	DET
faba-244	145	7	response	response	NOUN
faba-244	145	8	probability	probability	NOUN
faba-244	145	9	is	be	AUX
faba-244	145	10	:	:	PUNCT
faba-244	145	11	pr(𝑦	pr(𝑦	NOUN
faba-244	145	12	=	=	PUNCT
faba-244	146	1	1|𝒙)̂	1|𝒙)̂	NUM
faba-244	146	2	≈	≈	PROPN
faba-244	146	3	[	[	X
faba-244	146	4	𝑔(	𝑔(	NUM
faba-244	146	5	�	�	PROPN
faba-244	146	6	̂	̂	NOUN
faba-244	146	7	�	�	NOUN
faba-244	146	8	0	0	NUM
faba-244	146	9	+	+	CCONJ
faba-244	146	10	𝒙	𝒙	PROPN
faba-244	146	11	�	�	PROPN
faba-244	146	12	̂	̂	VERB
faba-244	146	13	�	�	NOUN
faba-244	146	14	)	)	PUNCT
faba-244	146	15	�	�	PROPN
faba-244	146	16	̂	̂	VERB
faba-244	146	17	�	�	NOUN
faba-244	146	18	𝑗	𝑗	NOUN
faba-244	146	19	]	]	X
faba-244	146	20	(	(	PUNCT
faba-244	146	21	9	9	NUM
faba-244	146	22	)	)	PUNCT
faba-244	146	23	however	however	ADV
faba-244	146	24	,	,	PUNCT
faba-244	146	25	the	the	DET
faba-244	146	26	density	density	NOUN
faba-244	146	27	function	function	NOUN
faba-244	146	28	depends	depend	VERB
faba-244	146	29	nonlinearly	nonlinearly	ADV
faba-244	146	30	on	on	ADP
faba-244	146	31	all	all	DET
faba-244	146	32	explanatory	explanatory	ADJ
faba-244	146	33	variables	variable	NOUN
faba-244	146	34	,	,	PUNCT
faba-244	146	35	making	make	VERB
faba-244	146	36	it	it	PRON
faba-244	146	37	difficult	difficult	ADJ
faba-244	146	38	to	to	PART
faba-244	146	39	integrate	integrate	VERB
faba-244	146	40	marginal	marginal	ADJ
faba-244	146	41	effects	effect	NOUN
faba-244	146	42	.	.	PUNCT
faba-244	147	1	to	to	PART
faba-244	147	2	address	address	VERB
faba-244	147	3	this	this	PRON
faba-244	147	4	,	,	PUNCT
faba-244	147	5	we	we	PRON
faba-244	147	6	calculate	calculate	VERB
faba-244	147	7	the	the	DET
faba-244	147	8	average	average	ADJ
faba-244	147	9	partial	partial	ADJ
faba-244	147	10	effects	effect	NOUN
faba-244	147	11	.	.	PUNCT
faba-244	148	1	this	this	PRON
faba-244	148	2	is	be	AUX
faba-244	148	3	defined	define	VERB
faba-244	148	4	as	as	ADP
faba-244	148	5	the	the	DET
faba-244	148	6	individual	individual	ADJ
faba-244	148	7	marginal	marginal	ADJ
faba-244	148	8	effects	effect	NOUN
faba-244	148	9	averaged	average	VERB
faba-244	148	10	across	across	ADP
faba-244	148	11	the	the	DET
faba-244	148	12	sample	sample	NOUN
faba-244	148	13	,	,	PUNCT
faba-244	148	14	as	as	ADP
faba-244	148	15	follow5	follow5	NOUN
faba-244	148	16	:	:	PUNCT
faba-244	148	17	𝑛−1	𝑛−1	PROPN
faba-244	148	18	∑	∑	PUNCT
faba-244	148	19	𝑔(	𝑔(	NOUN
faba-244	148	20	�	�	PROPN
faba-244	148	21	̂	̂	NOUN
faba-244	148	22	�	�	NOUN
faba-244	148	23	0	0	NUM
faba-244	148	24	+	+	CCONJ
faba-244	148	25	𝒙𝑖	𝒙𝑖	PROPN
faba-244	148	26	�	�	PROPN
faba-244	148	27	̂	̂	NOUN
faba-244	148	28	�	�	NOUN
faba-244	148	29	)	)	PUNCT
faba-244	148	30	𝑛	𝑛	PRON
faba-244	148	31	𝑖=1	𝑖=1	PROPN
faba-244	148	32	(	(	PUNCT
faba-244	148	33	10	10	NUM
faba-244	148	34	)	)	PUNCT
faba-244	148	35	estimation	estimation	NOUN
faba-244	148	36	results	result	VERB
faba-244	148	37	first	first	ADV
faba-244	148	38	,	,	PUNCT
faba-244	148	39	we	we	PRON
faba-244	148	40	review	review	VERB
faba-244	148	41	the	the	DET
faba-244	148	42	decision	decision	NOUN
faba-244	148	43	-	-	PUNCT
faba-244	148	44	making	make	VERB
faba-244	148	45	factors	factor	NOUN
faba-244	148	46	for	for	ADP
faba-244	148	47	stock	stock	NOUN
faba-244	148	48	and	and	CCONJ
faba-244	148	49	mutual	mutual	ADJ
faba-244	148	50	fund	fund	NOUN
faba-244	148	51	selection	selection	NOUN
faba-244	148	52	as	as	ADP
faba-244	148	53	a	a	DET
faba-244	148	54	benchmark	benchmark	NOUN
faba-244	148	55	,	,	PUNCT
faba-244	148	56	and	and	CCONJ
faba-244	148	57	then	then	ADV
faba-244	148	58	examine	examine	VERB
faba-244	148	59	nisa	nisa	PROPN
faba-244	148	60	(	(	PUNCT
faba-244	148	61	until	until	ADP
faba-244	148	62	2023	2023	NUM
faba-244	148	63	)	)	PUNCT
faba-244	148	64	decision	decision	NOUN
faba-244	148	65	-	-	PUNCT
faba-244	148	66	making	making	NOUN
faba-244	148	67	.	.	PUNCT
faba-244	149	1	additionally	additionally	ADV
faba-244	149	2	,	,	PUNCT
faba-244	149	3	nisa	nisa	PROPN
faba-244	149	4	's	's	PART
faba-244	149	5	analysis	analysis	NOUN
faba-244	149	6	compares	compare	VERB
faba-244	149	7	the	the	DET
faba-244	149	8	results	result	NOUN
faba-244	149	9	of	of	ADP
faba-244	149	10	analyses	analysis	NOUN
faba-244	149	11	for	for	ADP
faba-244	149	12	2018	2018	NUM
faba-244	149	13	and	and	CCONJ
faba-244	149	14	2023	2023	NUM
faba-244	149	15	.	.	PUNCT
faba-244	150	1	however	however	ADV
faba-244	150	2	,	,	PUNCT
faba-244	150	3	since	since	SCONJ
faba-244	150	4	the	the	DET
faba-244	150	5	same	same	ADJ
faba-244	150	6	individuals	individual	NOUN
faba-244	150	7	are	be	AUX
faba-244	150	8	not	not	PART
faba-244	150	9	traced	trace	VERB
faba-244	150	10	,	,	PUNCT
faba-244	150	11	it	it	PRON
faba-244	150	12	is	be	AUX
faba-244	150	13	impossible	impossible	ADJ
faba-244	150	14	to	to	PART
faba-244	150	15	observe	observe	VERB
faba-244	150	16	changes	change	NOUN
faba-244	150	17	in	in	ADP
faba-244	150	18	the	the	DET
faba-244	150	19	decision	decision	NOUN
faba-244	150	20	-	-	PUNCT
faba-244	150	21	making	making	NOUN
faba-244	150	22	of	of	ADP
faba-244	150	23	the	the	DET
faba-244	150	24	same	same	ADJ
faba-244	150	25	individuals	individual	NOUN
faba-244	150	26	.	.	PUNCT
faba-244	151	1	5	5	NUM
faba-244	151	2	another	another	DET
faba-244	151	3	solution	solution	NOUN
faba-244	151	4	is	be	AUX
faba-244	151	5	to	to	PART
faba-244	151	6	use	use	VERB
faba-244	151	7	the	the	DET
faba-244	151	8	partial	partial	ADJ
faba-244	151	9	effect	effect	NOUN
faba-244	151	10	at	at	ADP
faba-244	151	11	the	the	DET
faba-244	151	12	average	average	ADJ
faba-244	151	13	method	method	NOUN
faba-244	151	14	,	,	PUNCT
faba-244	151	15	which	which	PRON
faba-244	151	16	replaces	replace	VERB
faba-244	151	17	each	each	DET
faba-244	151	18	explanatory	explanatory	ADJ
faba-244	151	19	variable	variable	NOUN
faba-244	151	20	with	with	ADP
faba-244	151	21	its	its	PRON
faba-244	151	22	sample	sample	NOUN
faba-244	151	23	mean	mean	VERB
faba-244	151	24	.	.	PUNCT
faba-244	152	1	however	however	ADV
faba-244	152	2	,	,	PUNCT
faba-244	152	3	the	the	DET
faba-244	152	4	following	follow	VERB
faba-244	152	5	problems	problem	NOUN
faba-244	152	6	have	have	AUX
faba-244	152	7	been	be	AUX
faba-244	152	8	pointed	point	VERB
faba-244	152	9	out	out	ADP
faba-244	152	10	:	:	PUNCT
faba-244	152	11	i.	i.	NOUN
faba-244	152	12	when	when	SCONJ
faba-244	152	13	some	some	PRON
faba-244	152	14	of	of	ADP
faba-244	152	15	the	the	DET
faba-244	152	16	explanatory	explanatory	ADJ
faba-244	152	17	variables	variable	NOUN
faba-244	152	18	in	in	ADP
faba-244	152	19	the	the	DET
faba-244	152	20	model	model	NOUN
faba-244	152	21	are	be	AUX
faba-244	152	22	discrete	discrete	ADJ
faba-244	152	23	,	,	PUNCT
faba-244	152	24	their	their	PRON
faba-244	152	25	means	mean	NOUN
faba-244	152	26	no	no	ADV
faba-244	152	27	longer	long	ADV
faba-244	152	28	represent	represent	VERB
faba-244	152	29	the	the	DET
faba-244	152	30	sample	sample	NOUN
faba-244	152	31	means	mean	NOUN
faba-244	152	32	.	.	PUNCT
faba-244	153	1	ii	ii	PROPN
faba-244	153	2	.	.	PUNCT
faba-244	153	3	problems	problem	NOUN
faba-244	153	4	also	also	ADV
faba-244	153	5	arise	arise	VERB
faba-244	153	6	when	when	SCONJ
faba-244	153	7	continuous	continuous	ADJ
faba-244	153	8	explanatory	explanatory	ADJ
faba-244	153	9	variables	variable	NOUN
faba-244	153	10	are	be	AUX
faba-244	153	11	combined	combine	VERB
faba-244	153	12	as	as	ADP
faba-244	153	13	nonlinear	nonlinear	ADJ
faba-244	153	14	functions	function	NOUN
faba-244	153	15	.	.	PUNCT
faba-244	154	1	shin	shin	PROPN
faba-244	154	2	fukuda	fukuda	PROPN
faba-244	154	3	and	and	CCONJ
faba-244	154	4	luna	luna	PROPN
faba-244	154	5	akahira/	akahira/	NUM
faba-244	154	6	finance	finance	NOUN
faba-244	154	7	,	,	PUNCT
faba-244	154	8	accounting	accounting	NOUN
faba-244	154	9	and	and	CCONJ
faba-244	154	10	business	business	NOUN
faba-244	154	11	analysis	analysis	NOUN
faba-244	154	12	,	,	PUNCT
faba-244	154	13	volume	volume	NOUN
faba-244	154	14	6	6	NUM
faba-244	154	15	,	,	PUNCT
faba-244	154	16	issue	issue	NOUN
faba-244	154	17	2	2	NUM
faba-244	154	18	,	,	PUNCT
faba-244	154	19	2024	2024	NUM
faba-244	154	20	202	202	NUM
faba-244	154	21	stock	stock	NOUN
faba-244	154	22	and	and	CCONJ
faba-244	154	23	mutual	mutual	ADJ
faba-244	154	24	funds	fund	NOUN
faba-244	154	25	stock	stock	NOUN
faba-244	154	26	investments	investment	NOUN
faba-244	154	27	involve	involve	VERB
faba-244	154	28	buying	buy	VERB
faba-244	154	29	shares	share	NOUN
faba-244	154	30	in	in	ADP
faba-244	154	31	individual	individual	ADJ
faba-244	154	32	companies	company	NOUN
faba-244	154	33	and	and	CCONJ
faba-244	154	34	making	make	VERB
faba-244	154	35	profits	profit	NOUN
faba-244	154	36	based	base	VERB
faba-244	154	37	on	on	ADP
faba-244	154	38	the	the	DET
faba-244	154	39	company	company	NOUN
faba-244	154	40	's	's	PART
faba-244	154	41	growth	growth	NOUN
faba-244	154	42	and	and	CCONJ
faba-244	154	43	performance	performance	NOUN
faba-244	154	44	.	.	PUNCT
faba-244	155	1	naturally	naturally	ADV
faba-244	155	2	,	,	PUNCT
faba-244	155	3	stock	stock	NOUN
faba-244	155	4	investment	investment	NOUN
faba-244	155	5	is	be	AUX
faba-244	155	6	a	a	DET
faba-244	155	7	high	high	ADJ
faba-244	155	8	-	-	PUNCT
faba-244	155	9	risk	risk	NOUN
faba-244	155	10	,	,	PUNCT
faba-244	155	11	high	high	ADJ
faba-244	155	12	-	-	PUNCT
faba-244	155	13	return	return	NOUN
faba-244	155	14	investment	investment	NOUN
faba-244	155	15	because	because	SCONJ
faba-244	155	16	stock	stock	NOUN
faba-244	155	17	prices	price	NOUN
faba-244	155	18	fluctuate	fluctuate	VERB
faba-244	155	19	greatly	greatly	ADV
faba-244	155	20	,	,	PUNCT
faba-244	155	21	and	and	CCONJ
faba-244	155	22	while	while	SCONJ
faba-244	155	23	it	it	PRON
faba-244	155	24	is	be	AUX
faba-244	155	25	possible	possible	ADJ
faba-244	155	26	to	to	PART
faba-244	155	27	make	make	VERB
faba-244	155	28	huge	huge	ADJ
faba-244	155	29	returns	return	NOUN
faba-244	155	30	in	in	ADP
faba-244	155	31	a	a	DET
faba-244	155	32	short	short	ADJ
faba-244	155	33	period	period	NOUN
faba-244	155	34	,	,	PUNCT
faba-244	155	35	it	it	PRON
faba-244	155	36	can	can	AUX
faba-244	155	37	also	also	ADV
faba-244	155	38	result	result	VERB
faba-244	155	39	in	in	ADP
faba-244	155	40	huge	huge	ADJ
faba-244	155	41	losses	loss	NOUN
faba-244	155	42	.	.	PUNCT
faba-244	156	1	furthermore	furthermore	ADV
faba-244	156	2	,	,	PUNCT
faba-244	156	3	unlike	unlike	ADP
faba-244	156	4	the	the	DET
faba-244	156	5	complete	complete	ADJ
faba-244	156	6	model	model	NOUN
faba-244	156	7	,	,	PUNCT
faba-244	156	8	this	this	PRON
faba-244	156	9	requires	require	VERB
faba-244	156	10	a	a	DET
faba-244	156	11	relatively	relatively	ADV
faba-244	156	12	heavy	heavy	ADJ
faba-244	156	13	amount	amount	NOUN
faba-244	156	14	of	of	ADP
faba-244	156	15	capital	capital	NOUN
faba-244	156	16	.	.	PUNCT
faba-244	157	1	in	in	ADP
faba-244	157	2	contrast	contrast	NOUN
faba-244	157	3	,	,	PUNCT
faba-244	157	4	investment	investment	NOUN
faba-244	157	5	trusts	trust	NOUN
faba-244	157	6	involve	involve	VERB
faba-244	157	7	collecting	collect	VERB
faba-244	157	8	money	money	NOUN
faba-244	157	9	from	from	ADP
faba-244	157	10	many	many	ADJ
faba-244	157	11	investors	investor	NOUN
faba-244	157	12	and	and	CCONJ
faba-244	157	13	managing	manage	VERB
faba-244	157	14	it	it	PRON
faba-244	157	15	as	as	ADP
faba-244	157	16	a	a	DET
faba-244	157	17	single	single	ADJ
faba-244	157	18	fund	fund	NOUN
faba-244	157	19	,	,	PUNCT
faba-244	157	20	with	with	ADP
faba-244	157	21	professional	professional	ADJ
faba-244	157	22	managers	manager	NOUN
faba-244	157	23	diversifying	diversify	VERB
faba-244	157	24	investments	investment	NOUN
faba-244	157	25	into	into	ADP
faba-244	157	26	stocks	stock	NOUN
faba-244	157	27	,	,	PUNCT
faba-244	157	28	bonds	bond	NOUN
faba-244	157	29	,	,	PUNCT
faba-244	157	30	and	and	CCONJ
faba-244	157	31	other	other	ADJ
faba-244	157	32	assets	asset	NOUN
faba-244	157	33	.	.	PUNCT
faba-244	158	1	compared	compare	VERB
faba-244	158	2	to	to	ADP
faba-244	158	3	stock	stock	NOUN
faba-244	158	4	investments	investment	NOUN
faba-244	158	5	,	,	PUNCT
faba-244	158	6	investment	investment	NOUN
faba-244	158	7	trusts	trust	NOUN
faba-244	158	8	have	have	VERB
faba-244	158	9	lower	low	ADJ
faba-244	158	10	returns	return	NOUN
faba-244	158	11	,	,	PUNCT
faba-244	158	12	but	but	CCONJ
faba-244	158	13	the	the	DET
faba-244	158	14	risk	risk	NOUN
faba-244	158	15	can	can	AUX
faba-244	158	16	be	be	AUX
faba-244	158	17	reduced	reduce	VERB
faba-244	158	18	by	by	ADP
faba-244	158	19	diversifying	diversify	VERB
faba-244	158	20	investments	investment	NOUN
faba-244	158	21	.	.	PUNCT
faba-244	159	1	therefore	therefore	ADV
faba-244	159	2	,	,	PUNCT
faba-244	159	3	stocks	stock	NOUN
faba-244	159	4	are	be	AUX
faba-244	159	5	for	for	ADP
faba-244	159	6	investors	investor	NOUN
faba-244	159	7	who	who	PRON
faba-244	159	8	want	want	VERB
faba-244	159	9	to	to	PART
faba-244	159	10	earn	earn	VERB
faba-244	159	11	huge	huge	ADJ
faba-244	159	12	returns	return	NOUN
faba-244	159	13	in	in	ADP
faba-244	159	14	the	the	DET
faba-244	159	15	short	short	ADJ
faba-244	159	16	run	run	NOUN
faba-244	159	17	,	,	PUNCT
faba-244	159	18	whereas	whereas	SCONJ
faba-244	159	19	investment	investment	NOUN
faba-244	159	20	trusts	trust	NOUN
faba-244	159	21	are	be	AUX
faba-244	159	22	for	for	ADP
faba-244	159	23	investors	investor	NOUN
faba-244	159	24	who	who	PRON
faba-244	159	25	want	want	VERB
faba-244	159	26	to	to	PART
faba-244	159	27	limit	limit	VERB
faba-244	159	28	risk	risk	NOUN
faba-244	159	29	and	and	CCONJ
faba-244	159	30	increase	increase	VERB
faba-244	159	31	their	their	PRON
faba-244	159	32	assets	asset	NOUN
faba-244	159	33	in	in	ADP
faba-244	159	34	the	the	DET
faba-244	159	35	long	long	ADJ
faba-244	159	36	run	run	NOUN
faba-244	159	37	.	.	PUNCT
faba-244	160	1	table	table	NOUN
faba-244	160	2	1	1	NUM
faba-244	160	3	presents	present	VERB
faba-244	160	4	the	the	DET
faba-244	160	5	results	result	NOUN
faba-244	160	6	of	of	ADP
faba-244	160	7	the	the	DET
faba-244	160	8	probit	probit	NOUN
faba-244	160	9	estimation	estimation	NOUN
faba-244	160	10	of	of	ADP
faba-244	160	11	the	the	DET
faba-244	160	12	binary	binary	ADJ
faba-244	160	13	response	response	NOUN
faba-244	160	14	models	model	NOUN
faba-244	160	15	for	for	ADP
faba-244	160	16	stocks	stock	NOUN
faba-244	160	17	and	and	CCONJ
faba-244	160	18	mutual	mutual	ADJ
faba-244	160	19	funds6	funds6	PROPN
faba-244	160	20	.	.	PUNCT
faba-244	161	1	the	the	DET
faba-244	161	2	estimation	estimation	NOUN
faba-244	161	3	results	result	NOUN
faba-244	161	4	suggest	suggest	VERB
faba-244	161	5	that	that	SCONJ
faba-244	161	6	differences	difference	NOUN
faba-244	161	7	exist	exist	VERB
faba-244	161	8	in	in	ADP
faba-244	161	9	decision	decision	NOUN
faba-244	161	10	-	-	PUNCT
faba-244	161	11	making	making	NOUN
faba-244	161	12	between	between	ADP
faba-244	161	13	stock	stock	NOUN
faba-244	161	14	investments	investment	NOUN
faba-244	161	15	and	and	CCONJ
faba-244	161	16	mutual	mutual	ADJ
faba-244	161	17	funds	fund	NOUN
faba-244	161	18	.	.	PUNCT
faba-244	162	1	for	for	ADP
faba-244	162	2	example	example	NOUN
faba-244	162	3	,	,	PUNCT
faba-244	162	4	stocks	stock	NOUN
faba-244	162	5	are	be	AUX
faba-244	162	6	positively	positively	ADV
faba-244	162	7	affected	affect	VERB
faba-244	162	8	by	by	ADP
faba-244	162	9	age	age	NOUN
faba-244	162	10	,	,	PUNCT
faba-244	162	11	whereas	whereas	SCONJ
faba-244	162	12	mutual	mutual	ADJ
faba-244	162	13	funds	fund	NOUN
faba-244	162	14	are	be	AUX
faba-244	162	15	adversely	adversely	ADV
faba-244	162	16	affected	affect	VERB
faba-244	162	17	by	by	ADP
faba-244	162	18	age	age	NOUN
faba-244	162	19	.	.	PUNCT
faba-244	163	1	additionally	additionally	ADV
faba-244	163	2	,	,	PUNCT
faba-244	163	3	while	while	SCONJ
faba-244	163	4	household	household	NOUN
faba-244	163	5	income	income	NOUN
faba-244	163	6	positively	positively	ADV
faba-244	163	7	impacts	impact	VERB
faba-244	163	8	both	both	PRON
faba-244	163	9	,	,	PUNCT
faba-244	163	10	its	its	PRON
faba-244	163	11	effect	effect	NOUN
faba-244	163	12	on	on	ADP
faba-244	163	13	stock	stock	NOUN
faba-244	163	14	investment	investment	NOUN
faba-244	163	15	is	be	AUX
faba-244	163	16	clearly	clearly	ADV
faba-244	163	17	greater	great	ADJ
faba-244	163	18	.	.	PUNCT
faba-244	164	1	furthermore	furthermore	ADV
faba-244	164	2	,	,	PUNCT
faba-244	164	3	when	when	SCONJ
faba-244	164	4	examining	examine	VERB
faba-244	164	5	the	the	DET
faba-244	164	6	items	item	NOUN
faba-244	164	7	categorized	categorize	VERB
faba-244	164	8	by	by	ADP
faba-244	164	9	purpose	purpose	NOUN
faba-244	164	10	,	,	PUNCT
faba-244	164	11	stock	stock	NOUN
faba-244	164	12	investment	investment	NOUN
faba-244	164	13	is	be	AUX
faba-244	164	14	influenced	influence	VERB
faba-244	164	15	by	by	ADP
faba-244	164	16	relatively	relatively	ADV
faba-244	164	17	short	short	ADJ
faba-244	164	18	-	-	PUNCT
faba-244	164	19	term	term	NOUN
faba-244	164	20	objective	objective	ADJ
faba-244	164	21	factors	factor	NOUN
faba-244	164	22	,	,	PUNCT
faba-244	164	23	while	while	SCONJ
faba-244	164	24	investment	investment	NOUN
faba-244	164	25	trusts	trust	NOUN
faba-244	164	26	are	be	AUX
faba-244	164	27	not	not	PART
faba-244	164	28	influenced	influence	VERB
faba-244	164	29	by	by	ADP
faba-244	164	30	such	such	ADJ
faba-244	164	31	items	item	NOUN
faba-244	164	32	,	,	PUNCT
faba-244	164	33	and	and	CCONJ
faba-244	164	34	are	be	AUX
faba-244	164	35	positively	positively	ADV
faba-244	164	36	influenced	influence	VERB
faba-244	164	37	only	only	ADV
faba-244	164	38	by	by	ADP
faba-244	164	39	“	"	PUNCT
faba-244	164	40	life	life	NOUN
faba-244	164	41	after	after	ADP
faba-244	164	42	retirement7	retirement7	PROPN
faba-244	164	43	.	.	PUNCT
faba-244	164	44	”	"	PUNCT
faba-244	165	1	thus	thus	ADV
faba-244	165	2	,	,	PUNCT
faba-244	165	3	we	we	PRON
faba-244	165	4	understand	understand	VERB
faba-244	165	5	that	that	SCONJ
faba-244	165	6	investment	investment	NOUN
faba-244	165	7	trusts	trust	NOUN
faba-244	165	8	are	be	AUX
faba-244	165	9	held	hold	VERB
faba-244	165	10	for	for	ADP
faba-244	165	11	long	long	ADJ
faba-244	165	12	-	-	PUNCT
faba-244	165	13	term	term	NOUN
faba-244	165	14	purposes	purpose	NOUN
faba-244	165	15	,	,	PUNCT
faba-244	165	16	whereas	whereas	SCONJ
faba-244	165	17	stocks	stock	NOUN
faba-244	165	18	are	be	AUX
faba-244	165	19	managed	manage	VERB
faba-244	165	20	for	for	ADP
faba-244	165	21	short	short	ADJ
faba-244	165	22	-	-	PUNCT
faba-244	165	23	term	term	NOUN
faba-244	165	24	living	living	NOUN
faba-244	165	25	and	and	CCONJ
faba-244	165	26	entertainment	entertainment	NOUN
faba-244	165	27	.	.	PUNCT
faba-244	166	1	financial	financial	ADJ
faba-244	166	2	literacy	literacy	NOUN
faba-244	166	3	positively	positively	ADV
faba-244	166	4	impacts	impact	NOUN
faba-244	166	5	on	on	ADP
faba-244	166	6	both	both	PRON
faba-244	166	7	.	.	PUNCT
faba-244	167	1	thus	thus	ADV
faba-244	167	2	,	,	PUNCT
faba-244	167	3	a	a	DET
faba-244	167	4	certain	certain	ADJ
faba-244	167	5	level	level	NOUN
faba-244	167	6	of	of	ADP
faba-244	167	7	financial	financial	ADJ
faba-244	167	8	knowledge	knowledge	NOUN
faba-244	167	9	may	may	AUX
faba-244	167	10	provide	provide	VERB
faba-244	167	11	a	a	DET
faba-244	167	12	sense	sense	NOUN
faba-244	167	13	of	of	ADP
faba-244	167	14	security	security	NOUN
faba-244	167	15	when	when	SCONJ
faba-244	167	16	making	make	VERB
faba-244	167	17	investments	investment	NOUN
faba-244	167	18	decisions	decision	NOUN
faba-244	167	19	.	.	PUNCT
faba-244	168	1	risk	risk	NOUN
faba-244	168	2	assessment	assessment	NOUN
faba-244	168	3	also	also	ADV
faba-244	168	4	has	have	VERB
faba-244	168	5	a	a	DET
faba-244	168	6	positive	positive	ADJ
faba-244	168	7	impact	impact	NOUN
faba-244	168	8	on	on	ADP
faba-244	168	9	both	both	PRON
faba-244	168	10	,	,	PUNCT
faba-244	168	11	but	but	CCONJ
faba-244	168	12	its	its	PRON
faba-244	168	13	influence	influence	NOUN
faba-244	168	14	on	on	ADP
faba-244	168	15	stock	stock	NOUN
faba-244	168	16	investment	investment	NOUN
faba-244	168	17	is	be	AUX
faba-244	168	18	greater	great	ADJ
faba-244	168	19	,	,	PUNCT
faba-244	168	20	suggesting	suggest	VERB
faba-244	168	21	that	that	SCONJ
faba-244	168	22	stock	stock	NOUN
faba-244	168	23	investors	investor	NOUN
faba-244	168	24	tend	tend	VERB
faba-244	168	25	to	to	PART
faba-244	168	26	be	be	AUX
faba-244	168	27	more	more	ADJ
faba-244	168	28	risk	risk	NOUN
faba-244	168	29	tolerant	tolerant	ADJ
faba-244	168	30	.	.	PUNCT
faba-244	169	1	however	however	ADV
faba-244	169	2	,	,	PUNCT
faba-244	169	3	there	there	PRON
faba-244	169	4	is	be	VERB
faba-244	169	5	a	a	DET
faba-244	169	6	significant	significant	ADJ
faba-244	169	7	difference	difference	NOUN
faba-244	169	8	in	in	ADP
faba-244	169	9	time	time	NOUN
faba-244	169	10	preference	preference	NOUN
faba-244	169	11	.	.	PUNCT
faba-244	170	1	this	this	DET
faba-244	170	2	result	result	NOUN
faba-244	170	3	shows	show	VERB
faba-244	170	4	that	that	SCONJ
faba-244	170	5	stock	stock	NOUN
faba-244	170	6	investors	investor	NOUN
faba-244	170	7	want	want	VERB
faba-244	170	8	to	to	PART
faba-244	170	9	earn	earn	VERB
faba-244	170	10	money	money	NOUN
faba-244	170	11	in	in	ADP
faba-244	170	12	the	the	DET
faba-244	170	13	short	short	ADJ
faba-244	170	14	term	term	NOUN
faba-244	170	15	,	,	PUNCT
faba-244	170	16	while	while	SCONJ
faba-244	170	17	mutual	mutual	ADJ
faba-244	170	18	fund	fund	NOUN
faba-244	170	19	investors	investor	NOUN
faba-244	170	20	are	be	AUX
faba-244	170	21	willing	willing	ADJ
faba-244	170	22	to	to	PART
faba-244	170	23	invest	invest	VERB
faba-244	170	24	in	in	ADP
faba-244	170	25	the	the	DET
faba-244	170	26	long	long	ADJ
faba-244	170	27	term	term	NOUN
faba-244	170	28	if	if	SCONJ
faba-244	170	29	they	they	PRON
faba-244	170	30	expect	expect	VERB
faba-244	170	31	a	a	DET
faba-244	170	32	certain	certain	ADJ
faba-244	170	33	level	level	NOUN
faba-244	170	34	of	of	ADP
faba-244	170	35	return	return	NOUN
faba-244	170	36	.	.	PUNCT
faba-244	171	1	table	table	NOUN
faba-244	171	2	1	1	NUM
faba-244	171	3	.	.	PUNCT
faba-244	172	1	stock	stock	NOUN
faba-244	172	2	and	and	CCONJ
faba-244	172	3	mutual	mutual	ADJ
faba-244	172	4	fund	fund	NOUN
faba-244	172	5	selection	selection	NOUN
faba-244	172	6	analysis	analysis	NOUN
faba-244	172	7	explanatory	explanatory	ADJ
faba-244	172	8	variables	variable	NOUN
faba-244	172	9	stocks	stock	NOUN
faba-244	172	10	mutual	mutual	ADJ
faba-244	172	11	fund	fund	NOUN
faba-244	172	12	age	age	NOUN
faba-244	172	13	0.1727	0.1727	NUM
faba-244	172	14	*	*	PUNCT
faba-244	172	15	*	*	PUNCT
faba-244	172	16	*	*	PUNCT
faba-244	172	17	(	(	PUNCT
faba-244	172	18	0.0150	0.0150	NUM
faba-244	172	19	)	)	PUNCT
faba-244	172	20	-0.1525	-0.1525	NOUN
faba-244	172	21	*	*	PUNCT
faba-244	172	22	*	*	PUNCT
faba-244	172	23	*	*	PUNCT
faba-244	172	24	(	(	PUNCT
faba-244	172	25	0.0148	0.0148	NUM
faba-244	172	26	)	)	PUNCT
faba-244	172	27	gender	gender	NOUN
faba-244	172	28	-0.5719	-0.5719	NOUN
faba-244	172	29	*	*	PUNCT
faba-244	173	1	*	*	PUNCT
faba-244	173	2	*	*	PUNCT
faba-244	173	3	(	(	PUNCT
faba-244	173	4	0.0699	0.0699	NUM
faba-244	173	5	)	)	PUNCT
faba-244	173	6	0.1463	0.1463	NUM
faba-244	173	7	*	*	PUNCT
faba-244	173	8	*	*	PUNCT
faba-244	173	9	(	(	PUNCT
faba-244	173	10	0.0657	0.0657	NUM
faba-244	173	11	)	)	PUNCT
faba-244	173	12	household	household	NOUN
faba-244	173	13	income	income	NOUN
faba-244	173	14	0.1238	0.1238	NUM
faba-244	173	15	*	*	PUNCT
faba-244	173	16	*	*	PUNCT
faba-244	173	17	*	*	PUNCT
faba-244	173	18	(	(	PUNCT
faba-244	173	19	0.0220	0.0220	NUM
faba-244	173	20	)	)	PUNCT
faba-244	173	21	0.0329	0.0329	NUM
faba-244	173	22	*	*	SYM
faba-244	173	23	(	(	PUNCT
faba-244	173	24	0.0186	0.0186	NUM
faba-244	173	25	)	)	PUNCT
faba-244	173	26	life	life	NOUN
faba-244	173	27	stage	stage	NOUN
faba-244	173	28	0.0045	0.0045	NUM
faba-244	173	29	(	(	PUNCT
faba-244	173	30	0.1154	0.1154	NUM
faba-244	173	31	)	)	PUNCT
faba-244	173	32	-0.0765	-0.0765	NOUN
faba-244	173	33	(	(	PUNCT
faba-244	173	34	0.1074	0.1074	NUM
faba-244	173	35	)	)	PUNCT
faba-244	173	36	hobby	hobby	NOUN
faba-244	173	37	0.2764	0.2764	NUM
faba-244	173	38	*	*	PUNCT
faba-244	173	39	*	*	PUNCT
faba-244	173	40	(	(	PUNCT
faba-244	173	41	0.1106	0.1106	NUM
faba-244	173	42	)	)	PUNCT
faba-244	173	43	-0.0254	-0.0254	NOUN
faba-244	173	44	(	(	PUNCT
faba-244	173	45	0.0955	0.0955	NUM
faba-244	173	46	)	)	PUNCT
faba-244	173	47	living	living	NOUN
faba-244	173	48	expenses	expense	NOUN
faba-244	173	49	0.2485	0.2485	NUM
faba-244	173	50	*	*	PUNCT
faba-244	173	51	*	*	PUNCT
faba-244	173	52	*	*	PUNCT
faba-244	173	53	(	(	PUNCT
faba-244	173	54	0.0907	0.0907	NUM
faba-244	173	55	)	)	PUNCT
faba-244	173	56	-0.1183	-0.1183	NOUN
faba-244	173	57	(	(	PUNCT
faba-244	173	58	0.0804	0.0804	NUM
faba-244	173	59	)	)	PUNCT
faba-244	173	60	children	child	NOUN
faba-244	173	61	/	/	SYM
faba-244	173	62	grandchildren	grandchild	NOUN
faba-244	173	63	-0.1958	-0.1958	VERB
faba-244	173	64	*	*	PUNCT
faba-244	173	65	(	(	PUNCT
faba-244	173	66	0.1005	0.1005	NUM
faba-244	173	67	)	)	PUNCT
faba-244	173	68	0.1706	0.1706	NUM
faba-244	173	69	*	*	PUNCT
faba-244	173	70	(	(	PUNCT
faba-244	173	71	0.0997	0.0997	NUM
faba-244	173	72	)	)	PUNCT
faba-244	173	73	life	life	NOUN
faba-244	173	74	after	after	ADP
faba-244	173	75	retirement	retirement	NOUN
faba-244	173	76	-0.3511	-0.3511	PROPN
faba-244	173	77	*	*	PUNCT
faba-244	174	1	*	*	PUNCT
faba-244	174	2	*	*	PUNCT
faba-244	174	3	(	(	PUNCT
faba-244	174	4	0.0220	0.0220	NUM
faba-244	174	5	)	)	PUNCT
faba-244	174	6	0.8855	0.8855	NUM
faba-244	174	7	*	*	PUNCT
faba-244	174	8	*	*	PUNCT
faba-244	174	9	*	*	PUNCT
faba-244	174	10	(	(	PUNCT
faba-244	174	11	0.0633	0.0633	NUM
faba-244	174	12	)	)	PUNCT
faba-244	174	13	literacy	literacy	NOUN
faba-244	174	14	0.0980	0.0980	NUM
faba-244	174	15	*	*	SYM
faba-244	174	16	*	*	PUNCT
faba-244	174	17	(	(	PUNCT
faba-244	174	18	0.0409	0.0409	NUM
faba-244	174	19	)	)	PUNCT
faba-244	174	20	0.2972	0.2972	NUM
faba-244	174	21	*	*	PUNCT
faba-244	174	22	*	*	PUNCT
faba-244	174	23	*	*	PUNCT
faba-244	174	24	(	(	PUNCT
faba-244	174	25	0.0372	0.0372	NUM
faba-244	174	26	)	)	PUNCT
faba-244	174	27	time	time	NOUN
faba-244	174	28	preference	preference	NOUN
faba-244	174	29	0.1525	0.1525	NUM
faba-244	174	30	*	*	PUNCT
faba-244	174	31	*	*	PUNCT
faba-244	174	32	*	*	PUNCT
faba-244	174	33	(	(	PUNCT
faba-244	174	34	0.0382	0.0382	NUM
faba-244	174	35	)	)	PUNCT
faba-244	174	36	-0.1415	-0.1415	NOUN
faba-244	175	1	*	*	PUNCT
faba-244	175	2	*	*	PUNCT
faba-244	175	3	*	*	PUNCT
faba-244	175	4	(	(	PUNCT
faba-244	175	5	0.0339	0.0339	NUM
faba-244	175	6	)	)	PUNCT
faba-244	175	7	risk	risk	NOUN
faba-244	175	8	evaluation	evaluation	NOUN
faba-244	175	9	0.2833	0.2833	NUM
faba-244	175	10	*	*	PUNCT
faba-244	175	11	*	*	PUNCT
faba-244	175	12	*	*	PUNCT
faba-244	175	13	(	(	PUNCT
faba-244	175	14	0.0446	0.0446	NUM
faba-244	175	15	)	)	PUNCT
faba-244	175	16	0.0806	0.0806	NUM
faba-244	175	17	*	*	PUNCT
faba-244	175	18	*	*	PUNCT
faba-244	175	19	(	(	PUNCT
faba-244	175	20	0.0407	0.0407	NUM
faba-244	175	21	)	)	PUNCT
faba-244	175	22	log	log	NOUN
faba-244	175	23	-	-	PUNCT
faba-244	175	24	likelihood	likelihood	NOUN
faba-244	175	25	-2640.539	-2640.539	PUNCT
faba-244	175	26	-3075.964	-3075.964	PUNCT
faba-244	175	27	pseudo	pseudo	NOUN
faba-244	175	28	𝑅2	𝑅2	NOUN
faba-244	175	29	0.0695	0.0695	NUM
faba-244	175	30	0.0755	0.0755	NUM
faba-244	175	31	note	note	NOUN
faba-244	175	32	:	:	PUNCT
faba-244	175	33	numbers	number	NOUN
faba-244	175	34	in	in	ADP
faba-244	175	35	parentheses	parenthesis	NOUN
faba-244	175	36	indicate	indicate	VERB
faba-244	175	37	standard	standard	ADJ
faba-244	175	38	deviations	deviation	NOUN
faba-244	175	39	.	.	PUNCT
faba-244	176	1	furthermore	furthermore	ADV
faba-244	176	2	,	,	PUNCT
faba-244	176	3	note	note	VERB
faba-244	176	4	that	that	SCONJ
faba-244	176	5	“	"	PUNCT
faba-244	176	6	*	*	PUNCT
faba-244	176	7	”	"	PUNCT
faba-244	176	8	indicates	indicate	VERB
faba-244	176	9	significance	significance	NOUN
faba-244	176	10	at	at	ADP
faba-244	176	11	the	the	DET
faba-244	176	12	10	10	NUM
faba-244	176	13	%	%	NOUN
faba-244	176	14	,	,	PUNCT
faba-244	176	15	“	"	PUNCT
faba-244	176	16	*	*	PUNCT
faba-244	176	17	*	*	PUNCT
faba-244	176	18	”	"	PUNCT
faba-244	176	19	at	at	ADP
faba-244	176	20	the	the	DET
faba-244	176	21	5	5	NUM
faba-244	176	22	%	%	NOUN
faba-244	176	23	,	,	PUNCT
faba-244	176	24	and	and	CCONJ
faba-244	176	25	“	"	PUNCT
faba-244	176	26	*	*	PUNCT
faba-244	176	27	*	*	PUNCT
faba-244	176	28	*	*	PUNCT
faba-244	176	29	”	"	PUNCT
faba-244	176	30	at	at	ADP
faba-244	176	31	the	the	DET
faba-244	176	32	1	1	NUM
faba-244	176	33	%	%	NOUN
faba-244	176	34	level	level	NOUN
faba-244	176	35	.	.	PUNCT
faba-244	177	1	6	6	NUM
faba-244	177	2	note	note	NOUN
faba-244	177	3	that	that	SCONJ
faba-244	177	4	the	the	DET
faba-244	177	5	results	result	NOUN
faba-244	177	6	presented	present	VERB
faba-244	177	7	are	be	AUX
faba-244	177	8	not	not	PART
faba-244	177	9	marginal	marginal	ADJ
faba-244	177	10	effects	effect	NOUN
faba-244	177	11	but	but	CCONJ
faba-244	177	12	merely	merely	ADV
faba-244	177	13	estimated	estimate	VERB
faba-244	177	14	results	result	NOUN
faba-244	177	15	.	.	PUNCT
faba-244	178	1	7	7	NUM
faba-244	178	2	similarly	similarly	ADV
faba-244	178	3	,	,	PUNCT
faba-244	178	4	note	note	VERB
faba-244	178	5	that	that	SCONJ
faba-244	178	6	stock	stock	NOUN
faba-244	178	7	investment	investment	NOUN
faba-244	178	8	reacts	react	VERB
faba-244	178	9	negatively	negatively	ADV
faba-244	178	10	to	to	ADP
faba-244	178	11	“	"	PUNCT
faba-244	178	12	life	life	NOUN
faba-244	178	13	after	after	ADP
faba-244	178	14	retirement	retirement	NOUN
faba-244	178	15	.	.	PUNCT
faba-244	178	16	”	"	PUNCT
faba-244	179	1	shin	shin	PROPN
faba-244	179	2	fukuda	fukuda	PROPN
faba-244	179	3	and	and	CCONJ
faba-244	179	4	luna	luna	PROPN
faba-244	179	5	akahira/	akahira/	NUM
faba-244	179	6	finance	finance	NOUN
faba-244	179	7	,	,	PUNCT
faba-244	179	8	accounting	accounting	NOUN
faba-244	179	9	and	and	CCONJ
faba-244	179	10	business	business	NOUN
faba-244	179	11	analysis	analysis	NOUN
faba-244	179	12	,	,	PUNCT
faba-244	179	13	volume	volume	NOUN
faba-244	179	14	6	6	NUM
faba-244	179	15	,	,	PUNCT
faba-244	179	16	issue	issue	NOUN
faba-244	179	17	2	2	NUM
faba-244	179	18	,	,	PUNCT
faba-244	179	19	2024	2024	NUM
faba-244	179	20	203	203	NUM
faba-244	179	21	nisas	nisa	NOUN
faba-244	179	22	a	a	DET
faba-244	179	23	major	major	ADJ
faba-244	179	24	feature	feature	NOUN
faba-244	179	25	of	of	ADP
faba-244	179	26	the	the	DET
faba-244	179	27	nisa	nisa	PROPN
faba-244	179	28	is	be	AUX
faba-244	179	29	its	its	PRON
faba-244	179	30	tax	tax	NOUN
faba-244	179	31	-	-	PUNCT
faba-244	179	32	free	free	ADJ
faba-244	179	33	status	status	NOUN
faba-244	179	34	,	,	PUNCT
faba-244	179	35	although	although	SCONJ
faba-244	179	36	there	there	PRON
faba-244	179	37	are	be	VERB
faba-244	179	38	limitations	limitation	NOUN
faba-244	179	39	regarding	regard	VERB
faba-244	179	40	time	time	NOUN
faba-244	179	41	and	and	CCONJ
faba-244	179	42	amount	amount	NOUN
faba-244	179	43	.	.	PUNCT
faba-244	180	1	for	for	ADP
faba-244	180	2	the	the	DET
faba-244	180	3	general	general	PROPN
faba-244	180	4	nisa	nisa	PROPN
faba-244	180	5	,	,	PUNCT
faba-244	180	6	the	the	DET
faba-244	180	7	annual	annual	ADJ
faba-244	180	8	tax	tax	NOUN
faba-244	180	9	-	-	PUNCT
faba-244	180	10	free	free	ADJ
faba-244	180	11	amount	amount	NOUN
faba-244	180	12	is	be	AUX
faba-244	180	13	1,200,000	1,200,000	NUM
faba-244	180	14	yen	yen	NOUN
faba-244	180	15	,	,	PUNCT
faba-244	180	16	and	and	CCONJ
faba-244	180	17	the	the	DET
faba-244	180	18	tax	tax	NOUN
faba-244	180	19	-	-	PUNCT
faba-244	180	20	free	free	ADJ
faba-244	180	21	period	period	NOUN
faba-244	180	22	lasts	last	VERB
faba-244	180	23	five	five	NUM
faba-244	180	24	years	year	NOUN
faba-244	180	25	.	.	PUNCT
faba-244	181	1	similarly	similarly	ADV
faba-244	181	2	,	,	PUNCT
faba-244	181	3	under	under	ADP
faba-244	181	4	the	the	DET
faba-244	181	5	tsumitate	tsumitate	PROPN
faba-244	181	6	nisa	nisa	PROPN
faba-244	181	7	,	,	PUNCT
faba-244	181	8	the	the	DET
faba-244	181	9	annual	annual	ADJ
faba-244	181	10	tax	tax	NOUN
faba-244	181	11	-	-	PUNCT
faba-244	181	12	free	free	ADJ
faba-244	181	13	amount	amount	NOUN
faba-244	181	14	is	be	AUX
faba-244	181	15	400,000	400,000	NUM
faba-244	181	16	yen	yen	NOUN
faba-244	181	17	,	,	PUNCT
faba-244	181	18	but	but	CCONJ
faba-244	181	19	the	the	DET
faba-244	181	20	tax	tax	NOUN
faba-244	181	21	-	-	PUNCT
faba-244	181	22	free	free	ADJ
faba-244	181	23	period	period	NOUN
faba-244	181	24	extends	extend	VERB
faba-244	181	25	to	to	ADP
faba-244	181	26	20	20	NUM
faba-244	181	27	years	year	NOUN
faba-244	181	28	.	.	PUNCT
faba-244	182	1	furthermore	furthermore	ADV
faba-244	182	2	,	,	PUNCT
faba-244	182	3	while	while	SCONJ
faba-244	182	4	it	it	PRON
faba-244	182	5	has	have	AUX
faba-244	182	6	been	be	AUX
faba-244	182	7	permitted	permit	VERB
faba-244	182	8	since	since	SCONJ
faba-244	182	9	the	the	DET
faba-244	182	10	introduction	introduction	NOUN
faba-244	182	11	of	of	ADP
faba-244	182	12	the	the	DET
faba-244	182	13	new	new	ADJ
faba-244	182	14	nisa	nisa	PROPN
faba-244	182	15	,	,	PUNCT
faba-244	182	16	previously	previously	ADV
faba-244	182	17	,	,	PUNCT
faba-244	182	18	holding	hold	VERB
faba-244	182	19	both	both	CCONJ
faba-244	182	20	the	the	DET
faba-244	182	21	general	general	ADJ
faba-244	182	22	and	and	CCONJ
faba-244	182	23	tsumitate	tsumitate	ADJ
faba-244	182	24	nisa	nisa	PROPN
faba-244	182	25	accounts	account	NOUN
faba-244	182	26	simultaneously	simultaneously	ADV
faba-244	182	27	was	be	AUX
faba-244	182	28	not	not	PART
faba-244	182	29	allowed	allow	VERB
faba-244	182	30	.	.	PUNCT
faba-244	183	1	table	table	NOUN
faba-244	183	2	2	2	NUM
faba-244	183	3	presents	present	VERB
faba-244	183	4	the	the	DET
faba-244	183	5	results	result	NOUN
faba-244	183	6	of	of	ADP
faba-244	183	7	the	the	DET
faba-244	183	8	analysis	analysis	NOUN
faba-244	183	9	of	of	ADP
faba-244	183	10	factors	factor	NOUN
faba-244	183	11	affecting	affect	VERB
faba-244	183	12	the	the	DET
faba-244	183	13	choice	choice	NOUN
faba-244	183	14	between	between	ADP
faba-244	183	15	the	the	DET
faba-244	183	16	general	general	ADJ
faba-244	183	17	and	and	CCONJ
faba-244	183	18	tsumitate	tsumitate	ADJ
faba-244	183	19	nisa	nisa	PROPN
faba-244	183	20	.	.	PUNCT
faba-244	184	1	the	the	DET
faba-244	184	2	estimated	estimate	VERB
faba-244	184	3	results	result	NOUN
faba-244	184	4	show	show	VERB
faba-244	184	5	the	the	DET
faba-244	184	6	marginal	marginal	ADJ
faba-244	184	7	effects	effect	NOUN
faba-244	184	8	of	of	ADP
faba-244	184	9	the	the	DET
faba-244	184	10	probit	probit	NOUN
faba-244	184	11	model	model	NOUN
faba-244	184	12	and	and	CCONJ
faba-244	184	13	cover	cover	VERB
faba-244	184	14	the	the	DET
faba-244	184	15	years	year	NOUN
faba-244	184	16	2018	2018	NUM
faba-244	184	17	and	and	CCONJ
faba-244	184	18	2023	2023	NUM
faba-244	184	19	.	.	PUNCT
faba-244	185	1	first	first	ADV
faba-244	185	2	,	,	PUNCT
faba-244	185	3	we	we	PRON
faba-244	185	4	examine	examine	VERB
faba-244	185	5	the	the	DET
faba-244	185	6	estimation	estimation	NOUN
faba-244	185	7	results	result	NOUN
faba-244	185	8	for	for	ADP
faba-244	185	9	the	the	DET
faba-244	185	10	general	general	PROPN
faba-244	185	11	nisa	nisa	PROPN
faba-244	185	12	.	.	PUNCT
faba-244	186	1	the	the	DET
faba-244	186	2	variable	variable	ADJ
faba-244	186	3	“	"	PUNCT
faba-244	186	4	age	age	NOUN
faba-244	186	5	”	"	PUNCT
faba-244	186	6	increases	increase	VERB
faba-244	186	7	the	the	DET
faba-244	186	8	probability	probability	NOUN
faba-244	186	9	of	of	ADP
faba-244	186	10	choosing	choose	VERB
faba-244	186	11	the	the	DET
faba-244	186	12	general	general	ADJ
faba-244	186	13	nisa	nisa	PROPN
faba-244	186	14	in	in	ADP
faba-244	186	15	2018	2018	NUM
faba-244	186	16	and	and	CCONJ
faba-244	186	17	2023	2023	NUM
faba-244	186	18	.	.	PUNCT
faba-244	187	1	this	this	DET
faba-244	187	2	trend	trend	NOUN
faba-244	187	3	reflects	reflect	VERB
faba-244	187	4	the	the	DET
faba-244	187	5	fact	fact	NOUN
faba-244	187	6	that	that	SCONJ
faba-244	187	7	the	the	DET
faba-244	187	8	general	general	ADJ
faba-244	187	9	nisa	nisa	PROPN
faba-244	187	10	is	be	AUX
faba-244	187	11	considered	consider	VERB
faba-244	187	12	a	a	DET
faba-244	187	13	short	short	ADJ
faba-244	187	14	-	-	PUNCT
faba-244	187	15	term	term	NOUN
faba-244	187	16	investment	investment	NOUN
faba-244	187	17	.	.	PUNCT
faba-244	188	1	other	other	ADJ
faba-244	188	2	results	result	NOUN
faba-244	188	3	are	be	AUX
faba-244	188	4	consistent	consistent	ADJ
faba-244	188	5	with	with	ADP
faba-244	188	6	those	those	PRON
faba-244	188	7	of	of	ADP
faba-244	188	8	the	the	DET
faba-244	188	9	stock	stock	NOUN
faba-244	188	10	investment	investment	NOUN
faba-244	188	11	analysis	analysis	NOUN
faba-244	188	12	,	,	PUNCT
faba-244	188	13	with	with	ADP
faba-244	188	14	the	the	DET
faba-244	188	15	notable	notable	ADJ
faba-244	188	16	difference	difference	NOUN
faba-244	188	17	being	be	AUX
faba-244	188	18	that	that	PRON
faba-244	188	19	household	household	NOUN
faba-244	188	20	income	income	NOUN
faba-244	188	21	is	be	AUX
faba-244	188	22	negative	negative	ADJ
faba-244	188	23	.	.	PUNCT
faba-244	189	1	this	this	PRON
faba-244	189	2	may	may	AUX
faba-244	189	3	reflect	reflect	VERB
faba-244	189	4	the	the	DET
faba-244	189	5	fact	fact	NOUN
faba-244	189	6	that	that	SCONJ
faba-244	189	7	nisa	nisa	PROPN
faba-244	189	8	is	be	AUX
faba-244	189	9	a	a	DET
faba-244	189	10	small	small	ADJ
faba-244	189	11	investment	investment	NOUN
faba-244	189	12	.	.	PUNCT
faba-244	190	1	comparing	compare	VERB
faba-244	190	2	the	the	DET
faba-244	190	3	results	result	NOUN
faba-244	190	4	from	from	ADP
faba-244	190	5	2018	2018	NUM
faba-244	190	6	and	and	CCONJ
faba-244	190	7	2023	2023	NUM
faba-244	190	8	,	,	PUNCT
faba-244	190	9	it	it	PRON
faba-244	190	10	is	be	AUX
faba-244	190	11	interesting	interesting	ADJ
faba-244	190	12	to	to	PART
faba-244	190	13	note	note	VERB
faba-244	190	14	that	that	SCONJ
faba-244	190	15	“	"	PUNCT
faba-244	190	16	hobby	hobby	NOUN
faba-244	190	17	”	"	PUNCT
faba-244	190	18	has	have	AUX
faba-244	190	19	changed	change	VERB
faba-244	190	20	from	from	ADP
faba-244	190	21	negative	negative	ADJ
faba-244	190	22	to	to	ADP
faba-244	190	23	positive	positive	ADJ
faba-244	190	24	.	.	PUNCT
faba-244	191	1	meanwhile	meanwhile	ADV
faba-244	191	2	,	,	PUNCT
faba-244	191	3	“	"	PUNCT
faba-244	191	4	life	life	NOUN
faba-244	191	5	stage	stage	NOUN
faba-244	191	6	”	"	PUNCT
faba-244	191	7	is	be	AUX
faba-244	191	8	negative	negative	ADJ
faba-244	191	9	and	and	CCONJ
faba-244	191	10	significant	significant	ADJ
faba-244	191	11	,	,	PUNCT
faba-244	191	12	whereas	whereas	SCONJ
faba-244	191	13	“	"	PUNCT
faba-244	191	14	living	living	NOUN
faba-244	191	15	expenses	expense	NOUN
faba-244	191	16	”	"	PUNCT
faba-244	191	17	is	be	AUX
faba-244	191	18	not	not	PART
faba-244	191	19	significant	significant	ADJ
faba-244	191	20	.	.	PUNCT
faba-244	192	1	this	this	PRON
faba-244	192	2	is	be	AUX
faba-244	192	3	considered	consider	VERB
faba-244	192	4	an	an	DET
faba-244	192	5	indication	indication	NOUN
faba-244	192	6	that	that	SCONJ
faba-244	192	7	general	general	PROPN
faba-244	192	8	nisa	nisa	PROPN
faba-244	192	9	is	be	AUX
faba-244	192	10	a	a	DET
faba-244	192	11	short	short	ADJ
faba-244	192	12	-	-	PUNCT
faba-244	192	13	term	term	NOUN
faba-244	192	14	,	,	PUNCT
faba-244	192	15	smallamount	smallamount	ADJ
faba-244	192	16	investment	investment	NOUN
faba-244	192	17	,	,	PUNCT
faba-244	192	18	and	and	CCONJ
faba-244	192	19	investors	investor	NOUN
faba-244	192	20	want	want	VERB
faba-244	192	21	to	to	PART
faba-244	192	22	secure	secure	VERB
faba-244	192	23	spending	spending	NOUN
faba-244	192	24	for	for	ADP
faba-244	192	25	entertainment	entertainment	NOUN
faba-244	192	26	.	.	PUNCT
faba-244	193	1	next	next	ADV
faba-244	193	2	,	,	PUNCT
faba-244	193	3	let	let	VERB
faba-244	193	4	us	we	PRON
faba-244	193	5	look	look	VERB
faba-244	193	6	at	at	ADP
faba-244	193	7	tsumitate	tsumitate	PROPN
faba-244	193	8	nisa	nisa	PROPN
faba-244	193	9	.	.	PUNCT
faba-244	194	1	in	in	ADP
faba-244	194	2	tsumitate	tsumitate	ADJ
faba-244	194	3	nisa	nisa	PROPN
faba-244	194	4	,	,	PUNCT
faba-244	194	5	“	"	PUNCT
faba-244	194	6	age	age	NOUN
faba-244	194	7	”	"	PUNCT
faba-244	194	8	has	have	VERB
faba-244	194	9	an	an	DET
faba-244	194	10	adverse	adverse	ADJ
faba-244	194	11	effect	effect	NOUN
faba-244	194	12	,	,	PUNCT
faba-244	194	13	while	while	SCONJ
faba-244	194	14	“	"	PUNCT
faba-244	194	15	life	life	NOUN
faba-244	194	16	after	after	ADP
faba-244	194	17	retirement	retirement	NOUN
faba-244	194	18	”	"	PUNCT
faba-244	194	19	has	have	VERB
faba-244	194	20	a	a	DET
faba-244	194	21	positive	positive	ADJ
faba-244	194	22	effect	effect	NOUN
faba-244	194	23	.	.	PUNCT
faba-244	195	1	this	this	PRON
faba-244	195	2	shows	show	VERB
faba-244	195	3	that	that	SCONJ
faba-244	195	4	the	the	DET
faba-244	195	5	tsumitate	tsumitate	NOUN
faba-244	195	6	nisa	nisa	PROPN
faba-244	195	7	is	be	AUX
faba-244	195	8	purchased	purchase	VERB
faba-244	195	9	for	for	ADP
faba-244	195	10	long	long	ADJ
faba-244	195	11	-	-	PUNCT
faba-244	195	12	term	term	NOUN
faba-244	195	13	investments	investment	NOUN
faba-244	195	14	.	.	PUNCT
faba-244	196	1	simultaneously	simultaneously	ADV
faba-244	196	2	,	,	PUNCT
faba-244	196	3	since	since	SCONJ
faba-244	196	4	“	"	PUNCT
faba-244	196	5	children	child	NOUN
faba-244	196	6	and	and	CCONJ
faba-244	196	7	grandchildren	grandchild	NOUN
faba-244	196	8	”	"	PUNCT
faba-244	196	9	are	be	AUX
faba-244	196	10	insignificant	insignificant	ADJ
faba-244	196	11	,	,	PUNCT
faba-244	196	12	the	the	DET
faba-244	196	13	aspect	aspect	NOUN
faba-244	196	14	of	of	ADP
faba-244	196	15	inheritance	inheritance	NOUN
faba-244	196	16	purposes	purpose	NOUN
faba-244	196	17	is	be	AUX
faba-244	196	18	excluded	exclude	VERB
faba-244	196	19	,	,	PUNCT
faba-244	196	20	meaning	mean	VERB
faba-244	196	21	the	the	DET
faba-244	196	22	tsumitate	tsumitate	ADJ
faba-244	196	23	nisa	nisa	PROPN
faba-244	196	24	is	be	AUX
faba-244	196	25	being	be	AUX
faba-244	196	26	used	use	VERB
faba-244	196	27	solely	solely	ADV
faba-244	196	28	for	for	ADP
faba-244	196	29	one	one	NUM
faba-244	196	30	's	's	PART
faba-244	196	31	benefit	benefit	NOUN
faba-244	196	32	.	.	PUNCT
faba-244	197	1	additionally	additionally	ADV
faba-244	197	2	,	,	PUNCT
faba-244	197	3	there	there	PRON
faba-244	197	4	is	be	VERB
faba-244	197	5	no	no	DET
faba-244	197	6	difference	difference	NOUN
faba-244	197	7	between	between	ADP
faba-244	197	8	the	the	DET
faba-244	197	9	general	general	ADJ
faba-244	197	10	and	and	CCONJ
faba-244	197	11	tsumitate	tsumitate	ADJ
faba-244	197	12	nisa	nisa	PROPN
faba-244	197	13	in	in	ADP
faba-244	197	14	terms	term	NOUN
faba-244	197	15	of	of	ADP
faba-244	197	16	whether	whether	SCONJ
faba-244	197	17	one	one	PRON
faba-244	197	18	holds	hold	VERB
faba-244	197	19	an	an	DET
faba-244	197	20	account	account	NOUN
faba-244	197	21	with	with	ADP
faba-244	197	22	a	a	DET
faba-244	197	23	securities	security	NOUN
faba-244	197	24	company	company	NOUN
faba-244	197	25	or	or	CCONJ
faba-244	197	26	bank	bank	NOUN
faba-244	197	27	,	,	PUNCT
faba-244	197	28	and	and	CCONJ
faba-244	197	29	both	both	PRON
faba-244	197	30	have	have	VERB
faba-244	197	31	a	a	DET
faba-244	197	32	significantly	significantly	ADV
faba-244	197	33	positive	positive	ADJ
faba-244	197	34	impact	impact	NOUN
faba-244	197	35	.	.	PUNCT
faba-244	198	1	table	table	NOUN
faba-244	198	2	2	2	NUM
faba-244	198	3	.	.	PUNCT
faba-244	198	4	marginal	marginal	ADJ
faba-244	198	5	effects	effect	NOUN
faba-244	198	6	of	of	ADP
faba-244	198	7	choosing	choose	VERB
faba-244	198	8	between	between	ADP
faba-244	198	9	general	general	PROPN
faba-244	198	10	nisa	nisa	PROPN
faba-244	198	11	and	and	CCONJ
faba-244	198	12	tsumitate	tsumitate	VERB
faba-244	198	13	nisa	nisa	PROPN
faba-244	198	14	independent	independent	PROPN
faba-244	198	15	variables	variables	PROPN
faba-244	198	16	general	general	PROPN
faba-244	198	17	nisa	nisa	PROPN
faba-244	198	18	tsumitate	tsumitate	PROPN
faba-244	198	19	nisa	nisa	PROPN
faba-244	198	20	2018	2018	NUM
faba-244	198	21	2023	2023	NUM
faba-244	198	22	2018	2018	NUM
faba-244	198	23	2023	2023	NUM
faba-244	198	24	age	age	NOUN
faba-244	198	25	0.0184	0.0184	NUM
faba-244	198	26	*	*	PUNCT
faba-244	198	27	*	*	PUNCT
faba-244	198	28	*	*	PUNCT
faba-244	198	29	(	(	PUNCT
faba-244	198	30	0.0030	0.0030	NUM
faba-244	198	31	)	)	PUNCT
faba-244	198	32	0.0522	0.0522	NUM
faba-244	199	1	*	*	PUNCT
faba-244	199	2	*	*	PUNCT
faba-244	199	3	*	*	PUNCT
faba-244	199	4	(	(	PUNCT
faba-244	199	5	0.0027	0.0027	NUM
faba-244	199	6	)	)	PUNCT
faba-244	199	7	-0.0074	-0.0074	NOUN
faba-244	199	8	*	*	PUNCT
faba-244	200	1	*	*	PUNCT
faba-244	200	2	*	*	PUNCT
faba-244	200	3	(	(	PUNCT
faba-244	200	4	0.0010	0.0010	NUM
faba-244	200	5	)	)	PUNCT
faba-244	200	6	-0.0400	-0.0400	NOUN
faba-244	201	1	*	*	PUNCT
faba-244	202	1	*	*	PUNCT
faba-244	202	2	*	*	PUNCT
faba-244	202	3	(	(	PUNCT
faba-244	202	4	0.0019	0.0019	NUM
faba-244	202	5	)	)	PUNCT
faba-244	202	6	gender	gender	NOUN
faba-244	202	7	0.0147	0.0147	NUM
faba-244	202	8	(	(	PUNCT
faba-244	202	9	0.0120	0.0120	NUM
faba-244	202	10	)	)	PUNCT
faba-244	202	11	-0.0010	-0.0010	NOUN
faba-244	202	12	(	(	PUNCT
faba-244	202	13	0.0127	0.0127	NUM
faba-244	202	14	)	)	PUNCT
faba-244	202	15	-0.0013	-0.0013	PROPN
faba-244	202	16	(	(	PUNCT
faba-244	202	17	0.0047	0.0047	NUM
faba-244	202	18	)	)	PUNCT
faba-244	202	19	0.0148	0.0148	NUM
faba-244	202	20	(	(	PUNCT
faba-244	202	21	0.0100	0.0100	NUM
faba-244	202	22	)	)	PUNCT
faba-244	202	23	household	household	NOUN
faba-244	202	24	income	income	NOUN
faba-244	202	25	-0.0121	-0.0121	NOUN
faba-244	203	1	*	*	PUNCT
faba-244	203	2	*	*	PUNCT
faba-244	203	3	*	*	PUNCT
faba-244	203	4	(	(	PUNCT
faba-244	203	5	0.0035	0.0035	NUM
faba-244	203	6	)	)	PUNCT
faba-244	203	7	-0.0089	-0.0089	NOUN
faba-244	203	8	*	*	NOUN
faba-244	203	9	*	*	PUNCT
faba-244	203	10	(	(	PUNCT
faba-244	203	11	0.0036	0.0036	NUM
faba-244	203	12	)	)	PUNCT
faba-244	203	13	-0.0004	-0.0004	NOUN
faba-244	203	14	(	(	PUNCT
faba-244	203	15	0.0015	0.0015	NUM
faba-244	203	16	)	)	PUNCT
faba-244	203	17	-0.0047	-0.0047	NOUN
faba-244	203	18	(	(	PUNCT
faba-244	203	19	0.0030	0.0030	NUM
faba-244	203	20	)	)	PUNCT
faba-244	203	21	life	life	NOUN
faba-244	203	22	stage	stage	NOUN
faba-244	203	23	-0.0695	-0.0695	NOUN
faba-244	203	24	*	*	PUNCT
faba-244	203	25	*	*	PUNCT
faba-244	203	26	*	*	PUNCT
faba-244	203	27	(	(	PUNCT
faba-244	203	28	0.0253	0.0253	NUM
faba-244	203	29	)	)	PUNCT
faba-244	203	30	-0.0539	-0.0539	NOUN
faba-244	203	31	*	*	PUNCT
faba-244	203	32	*	*	PUNCT
faba-244	203	33	*	*	PUNCT
faba-244	203	34	(	(	PUNCT
faba-244	203	35	0.0197	0.0197	NUM
faba-244	203	36	)	)	PUNCT
faba-244	204	1	0.0044	0.0044	NUM
faba-244	204	2	(	(	PUNCT
faba-244	204	3	0.0083	0.0083	NUM
faba-244	204	4	)	)	PUNCT
faba-244	204	5	-0.0312	-0.0312	PROPN
faba-244	204	6	*	*	PUNCT
faba-244	204	7	*	*	PUNCT
faba-244	204	8	(	(	PUNCT
faba-244	204	9	0.0137	0.0137	NUM
faba-244	204	10	)	)	PUNCT
faba-244	204	11	hobby	hobby	NOUN
faba-244	204	12	-0.0455	-0.0455	ADV
faba-244	204	13	*	*	PUNCT
faba-244	204	14	*	*	PUNCT
faba-244	204	15	*	*	PUNCT
faba-244	204	16	(	(	PUNCT
faba-244	204	17	0.0172	0.0172	NUM
faba-244	204	18	)	)	PUNCT
faba-244	204	19	0.0407	0.0407	NUM
faba-244	204	20	*	*	NOUN
faba-244	204	21	*	*	PUNCT
faba-244	204	22	(	(	PUNCT
faba-244	204	23	0.0183	0.0183	NUM
faba-244	204	24	)	)	PUNCT
faba-244	204	25	-0.0061	-0.0061	NOUN
faba-244	204	26	(	(	PUNCT
faba-244	204	27	0.0060	0.0060	NUM
faba-244	204	28	)	)	PUNCT
faba-244	204	29	-0.0306	-0.0306	NOUN
faba-244	204	30	*	*	PUNCT
faba-244	204	31	*	*	PUNCT
faba-244	204	32	(	(	PUNCT
faba-244	204	33	0.0133	0.0133	NUM
faba-244	204	34	)	)	PUNCT
faba-244	204	35	living	living	NOUN
faba-244	204	36	expenses	expense	NOUN
faba-244	204	37	-0.0043	-0.0043	PUNCT
faba-244	204	38	(	(	PUNCT
faba-244	204	39	0.0161	0.0161	NUM
faba-244	204	40	)	)	PUNCT
faba-244	204	41	0.0184	0.0184	NUM
faba-244	204	42	(	(	PUNCT
faba-244	204	43	0.0152	0.0152	NUM
faba-244	204	44	)	)	PUNCT
faba-244	204	45	0.0020	0.0020	NUM
faba-244	204	46	(	(	PUNCT
faba-244	204	47	0.0063	0.0063	NUM
faba-244	204	48	)	)	PUNCT
faba-244	204	49	-0.0008	-0.0008	NOUN
faba-244	204	50	(	(	PUNCT
faba-244	204	51	0.0117	0.0117	NUM
faba-244	204	52	)	)	PUNCT
faba-244	204	53	children	child	NOUN
faba-244	204	54	/	/	SYM
faba-244	204	55	grandchildren	grandchild	NOUN
faba-244	204	56	-0.0530	-0.0530	ADJ
faba-244	204	57	*	*	PUNCT
faba-244	204	58	*	*	PUNCT
faba-244	204	59	*	*	PUNCT
faba-244	204	60	(	(	PUNCT
faba-244	204	61	0.0200	0.0200	NUM
faba-244	204	62	)	)	PUNCT
faba-244	204	63	-0.0295	-0.0295	NOUN
faba-244	204	64	*	*	PUNCT
faba-244	204	65	(	(	PUNCT
faba-244	204	66	0.0178	0.0178	NUM
faba-244	204	67	)	)	PUNCT
faba-244	204	68	0.0111	0.0111	NUM
faba-244	204	69	(	(	PUNCT
faba-244	204	70	0.0075	0.0075	NUM
faba-244	204	71	)	)	PUNCT
faba-244	204	72	0.0216	0.0216	NUM
faba-244	204	73	(	(	PUNCT
faba-244	204	74	0.0138	0.0138	NUM
faba-244	204	75	)	)	PUNCT
faba-244	204	76	life	life	NOUN
faba-244	204	77	after	after	ADP
faba-244	204	78	retirement	retirement	NOUN
faba-244	204	79	-0.0093	-0.0093	PROPN
faba-244	204	80	(	(	PUNCT
faba-244	204	81	0.0122	0.0122	NUM
faba-244	204	82	)	)	PUNCT
faba-244	204	83	-0.0302	-0.0302	NOUN
faba-244	204	84	*	*	PUNCT
faba-244	204	85	*	*	PUNCT
faba-244	204	86	(	(	PUNCT
faba-244	204	87	0.0126	0.0126	NUM
faba-244	204	88	)	)	PUNCT
faba-244	204	89	0.0223	0.0223	NUM
faba-244	204	90	*	*	PUNCT
faba-244	204	91	*	*	PUNCT
faba-244	204	92	*	*	PUNCT
faba-244	204	93	(	(	PUNCT
faba-244	204	94	0.0049	0.0049	NUM
faba-244	204	95	)	)	PUNCT
faba-244	204	96	0.1040	0.1040	NUM
faba-244	204	97	*	*	PUNCT
faba-244	204	98	*	*	PUNCT
faba-244	204	99	*	*	PUNCT
faba-244	204	100	(	(	PUNCT
faba-244	204	101	0.0101	0.0101	NUM
faba-244	204	102	)	)	PUNCT
faba-244	204	103	literacy	literacy	NOUN
faba-244	204	104	0.0201	0.0201	NUM
faba-244	204	105	*	*	PUNCT
faba-244	204	106	*	*	PUNCT
faba-244	204	107	*	*	PUNCT
faba-244	204	108	(	(	PUNCT
faba-244	204	109	0.0067	0.0067	NUM
faba-244	204	110	)	)	PUNCT
faba-244	204	111	0.0170	0.0170	NUM
faba-244	204	112	*	*	PUNCT
faba-244	204	113	*	*	PUNCT
faba-244	204	114	(	(	PUNCT
faba-244	204	115	0.0074	0.0074	NUM
faba-244	204	116	)	)	PUNCT
faba-244	204	117	-0.0011	-0.0011	NOUN
faba-244	204	118	(	(	PUNCT
faba-244	204	119	0.0028	0.0028	NUM
faba-244	204	120	)	)	PUNCT
faba-244	204	121	-0.0057	-0.0057	NOUN
faba-244	204	122	(	(	PUNCT
faba-244	204	123	0.0059	0.0059	NUM
faba-244	204	124	)	)	PUNCT
faba-244	204	125	time	time	NOUN
faba-244	204	126	preference	preference	NOUN
faba-244	204	127	0.0050	0.0050	NUM
faba-244	204	128	(	(	PUNCT
faba-244	204	129	0.0064	0.0064	NUM
faba-244	204	130	)	)	PUNCT
faba-244	204	131	-0.0002	-0.0002	NOUN
faba-244	204	132	(	(	PUNCT
faba-244	204	133	0.0065	0.0065	NUM
faba-244	204	134	)	)	PUNCT
faba-244	204	135	-0.0070	-0.0070	NOUN
faba-244	204	136	*	*	NOUN
faba-244	204	137	*	*	PUNCT
faba-244	204	138	(	(	PUNCT
faba-244	204	139	0.0027	0.0027	NUM
faba-244	204	140	)	)	PUNCT
faba-244	204	141	0.0020	0.0020	NUM
faba-244	204	142	(	(	PUNCT
faba-244	204	143	0.0052	0.0052	NUM
faba-244	204	144	)	)	PUNCT
faba-244	204	145	risk	risk	NOUN
faba-244	204	146	evaluation	evaluation	NOUN
faba-244	204	147	0.0048	0.0048	NUM
faba-244	204	148	(	(	PUNCT
faba-244	204	149	0.0076	0.0076	NUM
faba-244	204	150	)	)	PUNCT
faba-244	204	151	0.0050	0.0050	NUM
faba-244	204	152	(	(	PUNCT
faba-244	204	153	0.0078	0.0078	NUM
faba-244	204	154	)	)	PUNCT
faba-244	204	155	0.0018	0.0018	NUM
faba-244	204	156	(	(	PUNCT
faba-244	204	157	0.0030	0.0030	NUM
faba-244	204	158	)	)	PUNCT
faba-244	204	159	-0.0078	-0.0078	NOUN
faba-244	204	160	(	(	PUNCT
faba-244	204	161	0.0061	0.0061	NUM
faba-244	204	162	)	)	PUNCT
faba-244	204	163	securities	security	NOUN
faba-244	204	164	companies	company	NOUN
faba-244	204	165	0.5536	0.5536	NOUN
faba-244	204	166	*	*	PUNCT
faba-244	204	167	*	*	PUNCT
faba-244	204	168	*	*	PUNCT
faba-244	204	169	(	(	PUNCT
faba-244	204	170	0.0113	0.0113	NUM
faba-244	204	171	)	)	PUNCT
faba-244	204	172	0.4161	0.4161	NUM
faba-244	204	173	*	*	PUNCT
faba-244	204	174	*	*	PUNCT
faba-244	204	175	*	*	PUNCT
faba-244	204	176	(	(	PUNCT
faba-244	204	177	0.0120	0.0120	NUM
faba-244	204	178	)	)	PUNCT
faba-244	204	179	0.1873	0.1873	NUM
faba-244	204	180	*	*	PUNCT
faba-244	204	181	*	*	PUNCT
faba-244	204	182	*	*	PUNCT
faba-244	204	183	(	(	PUNCT
faba-244	204	184	0.0203	0.0203	NUM
faba-244	204	185	)	)	PUNCT
faba-244	204	186	0.0566	0.0566	NUM
faba-244	204	187	*	*	PUNCT
faba-244	204	188	*	*	PUNCT
faba-244	204	189	*	*	PUNCT
faba-244	204	190	(	(	PUNCT
faba-244	204	191	0.0124	0.0124	NUM
faba-244	204	192	)	)	PUNCT
faba-244	204	193	banks	bank	NOUN
faba-244	204	194	,	,	PUNCT
faba-244	204	195	credit	credit	NOUN
faba-244	204	196	unions	union	NOUN
faba-244	204	197	,	,	PUNCT
faba-244	204	198	and	and	CCONJ
faba-244	204	199	credit	credit	NOUN
faba-244	204	200	associations	association	NOUN
faba-244	204	201	0.4206	0.4206	NUM
faba-244	204	202	*	*	PUNCT
faba-244	204	203	*	*	PUNCT
faba-244	204	204	*	*	PUNCT
faba-244	204	205	(	(	PUNCT
faba-244	204	206	0.1331	0.1331	NUM
faba-244	204	207	)	)	PUNCT
faba-244	204	208	0.3617	0.3617	NUM
faba-244	204	209	*	*	PUNCT
faba-244	204	210	*	*	PUNCT
faba-244	204	211	*	*	PUNCT
faba-244	204	212	(	(	PUNCT
faba-244	204	213	0.0183	0.0183	NUM
faba-244	204	214	)	)	PUNCT
faba-244	204	215	0.0943	0.0943	NUM
faba-244	204	216	*	*	PUNCT
faba-244	204	217	*	*	PUNCT
faba-244	204	218	*	*	PUNCT
faba-244	204	219	(	(	PUNCT
faba-244	204	220	0.0203	0.0203	NUM
faba-244	204	221	)	)	PUNCT
faba-244	204	222	0.0707	0.0707	NUM
faba-244	204	223	*	*	PUNCT
faba-244	204	224	*	*	PUNCT
faba-244	204	225	*	*	PUNCT
faba-244	204	226	(	(	PUNCT
faba-244	204	227	0.0196	0.0196	NUM
faba-244	204	228	)	)	PUNCT
faba-244	204	229	stock	stock	NOUN
faba-244	204	230	holdings	holding	NOUN
faba-244	204	231	0.0307	0.0307	NUM
faba-244	204	232	*	*	SYM
faba-244	204	233	(	(	PUNCT
faba-244	204	234	0.0169	0.0169	NUM
faba-244	204	235	)	)	PUNCT
faba-244	204	236	0.0921	0.0921	NUM
faba-244	204	237	*	*	PUNCT
faba-244	204	238	*	*	PUNCT
faba-244	204	239	*	*	PUNCT
faba-244	204	240	(	(	PUNCT
faba-244	204	241	0.0154	0.0154	NUM
faba-244	204	242	)	)	PUNCT
faba-244	204	243	-0.0149	-0.0149	NOUN
faba-244	204	244	*	*	NOUN
faba-244	204	245	*	*	PUNCT
faba-244	204	246	(	(	PUNCT
faba-244	204	247	0.0063	0.0063	NUM
faba-244	204	248	)	)	PUNCT
faba-244	204	249	-0.1027	-0.1027	NOUN
faba-244	205	1	*	*	PUNCT
faba-244	206	1	*	*	PUNCT
faba-244	206	2	*	*	PUNCT
faba-244	206	3	(	(	PUNCT
faba-244	206	4	0.0133	0.0133	NUM
faba-244	206	5	)	)	PUNCT
faba-244	206	6	mutual	mutual	ADJ
faba-244	206	7	fund	fund	NOUN
faba-244	206	8	holdings	holding	NOUN
faba-244	206	9	-0.0050	-0.0050	VERB
faba-244	206	10	(	(	PUNCT
faba-244	206	11	0.0130	0.0130	NUM
faba-244	206	12	)	)	PUNCT
faba-244	206	13	-0.0600	-0.0600	NOUN
faba-244	206	14	*	*	PUNCT
faba-244	207	1	*	*	PUNCT
faba-244	207	2	*	*	PUNCT
faba-244	207	3	(	(	PUNCT
faba-244	207	4	0.0141	0.0141	NUM
faba-244	207	5	)	)	PUNCT
faba-244	207	6	0.0080	0.0080	NUM
faba-244	207	7	(	(	PUNCT
faba-244	207	8	0.0055	0.0055	NUM
faba-244	207	9	)	)	PUNCT
faba-244	207	10	0.0703	0.0703	NUM
faba-244	207	11	*	*	PUNCT
faba-244	207	12	*	*	PUNCT
faba-244	207	13	*	*	PUNCT
faba-244	207	14	(	(	PUNCT
faba-244	207	15	0.0113	0.0113	NUM
faba-244	207	16	)	)	PUNCT
faba-244	207	17	note	note	NOUN
faba-244	207	18	:	:	PUNCT
faba-244	207	19	numbers	number	NOUN
faba-244	207	20	in	in	ADP
faba-244	207	21	parentheses	parenthesis	NOUN
faba-244	207	22	indicate	indicate	VERB
faba-244	207	23	standard	standard	ADJ
faba-244	207	24	deviations	deviation	NOUN
faba-244	207	25	.	.	PUNCT
faba-244	208	1	moreover	moreover	ADV
faba-244	208	2	,	,	PUNCT
faba-244	208	3	note	note	VERB
faba-244	208	4	that	that	SCONJ
faba-244	208	5	“	"	PUNCT
faba-244	208	6	*	*	PUNCT
faba-244	208	7	”	"	PUNCT
faba-244	208	8	indicates	indicate	VERB
faba-244	208	9	significance	significance	NOUN
faba-244	208	10	at	at	ADP
faba-244	208	11	the	the	DET
faba-244	208	12	10	10	NUM
faba-244	208	13	%	%	NOUN
faba-244	208	14	,	,	PUNCT
faba-244	208	15	“	"	PUNCT
faba-244	208	16	*	*	PUNCT
faba-244	208	17	*	*	PUNCT
faba-244	208	18	”	"	PUNCT
faba-244	208	19	at	at	ADP
faba-244	208	20	the	the	DET
faba-244	208	21	5	5	NUM
faba-244	208	22	%	%	NOUN
faba-244	208	23	,	,	PUNCT
faba-244	208	24	and	and	CCONJ
faba-244	208	25	“	"	PUNCT
faba-244	208	26	*	*	PUNCT
faba-244	208	27	*	*	PUNCT
faba-244	208	28	*	*	PUNCT
faba-244	208	29	”	"	PUNCT
faba-244	208	30	at	at	ADP
faba-244	208	31	the	the	DET
faba-244	208	32	1	1	NUM
faba-244	208	33	%	%	NOUN
faba-244	208	34	level	level	NOUN
faba-244	208	35	.	.	PUNCT
faba-244	209	1	finally	finally	ADV
faba-244	209	2	,	,	PUNCT
faba-244	209	3	we	we	PRON
faba-244	209	4	examine	examine	VERB
faba-244	209	5	the	the	DET
faba-244	209	6	differences	difference	NOUN
faba-244	209	7	between	between	ADP
faba-244	209	8	the	the	DET
faba-244	209	9	general	general	ADJ
faba-244	209	10	nisa	nisa	PROPN
faba-244	209	11	and	and	CCONJ
faba-244	209	12	tsumitate	tsumitate	VERB
faba-244	209	13	nisa	nisa	PROPN
faba-244	209	14	.	.	PUNCT
faba-244	210	1	the	the	DET
faba-244	210	2	first	first	ADJ
faba-244	210	3	shin	shin	PROPN
faba-244	210	4	fukuda	fukuda	PROPN
faba-244	210	5	and	and	CCONJ
faba-244	210	6	luna	luna	PROPN
faba-244	210	7	akahira/	akahira/	NUM
faba-244	210	8	finance	finance	NOUN
faba-244	210	9	,	,	PUNCT
faba-244	210	10	accounting	accounting	NOUN
faba-244	210	11	and	and	CCONJ
faba-244	210	12	business	business	NOUN
faba-244	210	13	analysis	analysis	NOUN
faba-244	210	14	,	,	PUNCT
faba-244	210	15	volume	volume	NOUN
faba-244	210	16	6	6	NUM
faba-244	210	17	,	,	PUNCT
faba-244	210	18	issue	issue	NOUN
faba-244	210	19	2	2	NUM
faba-244	210	20	,	,	PUNCT
faba-244	210	21	2024	2024	NUM
faba-244	210	22	204	204	NUM
faba-244	210	23	difference	difference	NOUN
faba-244	210	24	is	be	AUX
faba-244	210	25	observed	observe	VERB
faba-244	210	26	in	in	ADP
faba-244	210	27	the	the	DET
faba-244	210	28	variable	variable	ADJ
faba-244	210	29	“	"	PUNCT
faba-244	210	30	literacy	literacy	NOUN
faba-244	210	31	.	.	PUNCT
faba-244	210	32	”	"	PUNCT
faba-244	211	1	the	the	DET
faba-244	211	2	general	general	PROPN
faba-244	211	3	nisa	nisa	PROPN
faba-244	211	4	was	be	AUX
faba-244	211	5	significantly	significantly	ADV
faba-244	211	6	positively	positively	ADV
faba-244	211	7	affected	affect	VERB
faba-244	211	8	,	,	PUNCT
faba-244	211	9	but	but	CCONJ
faba-244	211	10	the	the	DET
faba-244	211	11	tsumitate	tsumitate	NOUN
faba-244	211	12	nisa	nisa	PROPN
faba-244	211	13	was	be	AUX
faba-244	211	14	not	not	PART
faba-244	211	15	.	.	PUNCT
faba-244	212	1	this	this	PRON
faba-244	212	2	is	be	AUX
faba-244	212	3	so	so	SCONJ
faba-244	212	4	because	because	SCONJ
faba-244	212	5	the	the	DET
faba-244	212	6	tsumitate	tsumitate	NOUN
faba-244	212	7	nisa	nisa	PROPN
faba-244	212	8	selects	select	VERB
faba-244	212	9	only	only	ADJ
faba-244	212	10	funds	fund	NOUN
faba-244	212	11	recommended	recommend	VERB
faba-244	212	12	by	by	ADP
faba-244	212	13	financial	financial	ADJ
faba-244	212	14	institutions	institution	NOUN
faba-244	212	15	.	.	PUNCT
faba-244	213	1	this	this	PRON
faba-244	213	2	suggests	suggest	VERB
faba-244	213	3	that	that	SCONJ
faba-244	213	4	the	the	DET
faba-244	213	5	tsumitate	tsumitate	NOUN
faba-244	213	6	nisa	nisa	PROPN
faba-244	213	7	could	could	AUX
faba-244	213	8	be	be	AUX
faba-244	213	9	a	a	DET
faba-244	213	10	useful	useful	ADJ
faba-244	213	11	entry	entry	NOUN
faba-244	213	12	point	point	NOUN
faba-244	213	13	for	for	ADP
faba-244	213	14	beginner	beginner	NOUN
faba-244	213	15	investors	investor	NOUN
faba-244	213	16	.	.	PUNCT
faba-244	214	1	differences	difference	NOUN
faba-244	214	2	also	also	ADV
faba-244	214	3	emerge	emerge	VERB
faba-244	214	4	in	in	ADP
faba-244	214	5	the	the	DET
faba-244	214	6	dummy	dummy	ADJ
faba-244	214	7	variables	variable	NOUN
faba-244	214	8	for	for	ADP
faba-244	214	9	“	"	PUNCT
faba-244	214	10	stockholdings	stockholding	NOUN
faba-244	214	11	and	and	CCONJ
faba-244	214	12	“	"	PUNCT
faba-244	214	13	investment	investment	NOUN
faba-244	214	14	/	/	SYM
faba-244	214	15	trust	trust	NOUN
faba-244	214	16	holdings	holding	NOUN
faba-244	214	17	.	.	PUNCT
faba-244	214	18	”	"	PUNCT
faba-244	215	1	in	in	ADP
faba-244	215	2	the	the	DET
faba-244	215	3	general	general	PROPN
faba-244	215	4	nisa	nisa	PROPN
faba-244	215	5	,	,	PUNCT
faba-244	215	6	stock	stock	NOUN
faba-244	215	7	holdings	holding	NOUN
faba-244	215	8	are	be	AUX
faba-244	215	9	positive	positive	ADJ
faba-244	215	10	and	and	CCONJ
faba-244	215	11	investment	investment	NOUN
faba-244	215	12	trust	trust	NOUN
faba-244	215	13	holdings	holding	NOUN
faba-244	215	14	are	be	AUX
faba-244	215	15	negative	negative	ADJ
faba-244	215	16	.	.	PUNCT
faba-244	216	1	in	in	ADP
faba-244	216	2	contrast	contrast	NOUN
faba-244	216	3	,	,	PUNCT
faba-244	216	4	the	the	DET
faba-244	216	5	tsumitate	tsumitate	PROPN
faba-244	216	6	nisa	nisa	PROPN
faba-244	216	7	,	,	PUNCT
faba-244	216	8	investment	investment	NOUN
faba-244	216	9	trust	trust	NOUN
faba-244	216	10	holdings	holding	NOUN
faba-244	216	11	are	be	AUX
faba-244	216	12	positive	positive	ADJ
faba-244	216	13	and	and	CCONJ
faba-244	216	14	stock	stock	NOUN
faba-244	216	15	holdings	holding	NOUN
faba-244	216	16	are	be	AUX
faba-244	216	17	negative	negative	ADJ
faba-244	216	18	.	.	PUNCT
faba-244	217	1	this	this	PRON
faba-244	217	2	suggests	suggest	VERB
faba-244	217	3	that	that	SCONJ
faba-244	217	4	the	the	DET
faba-244	217	5	general	general	ADJ
faba-244	217	6	nisa	nisa	PROPN
faba-244	217	7	may	may	AUX
faba-244	217	8	play	play	VERB
faba-244	217	9	a	a	DET
faba-244	217	10	complementary	complementary	ADJ
faba-244	217	11	role	role	NOUN
faba-244	217	12	in	in	ADP
faba-244	217	13	stock	stock	NOUN
faba-244	217	14	holdings	holding	NOUN
faba-244	217	15	,	,	PUNCT
faba-244	217	16	whereas	whereas	SCONJ
faba-244	217	17	the	the	DET
faba-244	217	18	tsumitate	tsumitate	NOUN
faba-244	217	19	nisa	nisa	PROPN
faba-244	217	20	may	may	AUX
faba-244	217	21	play	play	VERB
faba-244	217	22	a	a	DET
faba-244	217	23	complementary	complementary	ADJ
faba-244	217	24	role	role	NOUN
faba-244	217	25	in	in	ADP
faba-244	217	26	investment	investment	NOUN
faba-244	217	27	trust	trust	NOUN
faba-244	217	28	.	.	PUNCT
faba-244	218	1	concluding	conclude	VERB
faba-244	218	2	remarks	remark	NOUN
faba-244	218	3	this	this	DET
faba-244	218	4	study	study	NOUN
faba-244	218	5	examined	examine	VERB
faba-244	218	6	the	the	DET
faba-244	218	7	choice	choice	NOUN
faba-244	218	8	between	between	ADP
faba-244	218	9	stocks	stock	NOUN
faba-244	218	10	,	,	PUNCT
faba-244	218	11	mutual	mutual	ADJ
faba-244	218	12	funds	fund	NOUN
faba-244	218	13	,	,	PUNCT
faba-244	218	14	and	and	CCONJ
faba-244	218	15	the	the	DET
faba-244	218	16	decision	decision	NOUN
faba-244	218	17	-	-	PUNCT
faba-244	218	18	making	make	VERB
faba-244	218	19	process	process	NOUN
faba-244	218	20	for	for	ADP
faba-244	218	21	nisa	nisa	PROPN
faba-244	218	22	.	.	PUNCT
faba-244	219	1	focusing	focus	VERB
faba-244	219	2	on	on	ADP
faba-244	219	3	nisa	nisa	PROPN
faba-244	219	4	,	,	PUNCT
faba-244	219	5	the	the	DET
faba-244	219	6	findings	finding	NOUN
faba-244	219	7	indicate	indicate	VERB
faba-244	219	8	that	that	SCONJ
faba-244	219	9	the	the	DET
faba-244	219	10	general	general	ADJ
faba-244	219	11	nisa	nisa	PROPN
faba-244	219	12	is	be	AUX
faba-244	219	13	for	for	ADP
faba-244	219	14	short	short	ADJ
faba-244	219	15	-	-	PUNCT
faba-244	219	16	term	term	NOUN
faba-244	219	17	purposes	purpose	NOUN
faba-244	219	18	,	,	PUNCT
faba-244	219	19	and	and	CCONJ
faba-244	219	20	tsumitate	tsumitate	NOUN
faba-244	219	21	nisa	nisa	PROPN
faba-244	219	22	is	be	AUX
faba-244	219	23	for	for	ADP
faba-244	219	24	long	long	ADJ
faba-244	219	25	-	-	PUNCT
faba-244	219	26	term	term	NOUN
faba-244	219	27	purposes	purpose	NOUN
faba-244	219	28	.	.	PUNCT
faba-244	220	1	however	however	ADV
faba-244	220	2	,	,	PUNCT
faba-244	220	3	it	it	PRON
faba-244	220	4	appears	appear	VERB
faba-244	220	5	that	that	SCONJ
faba-244	220	6	the	the	DET
faba-244	220	7	inheritance	inheritance	NOUN
faba-244	220	8	motive	motive	NOUN
faba-244	220	9	is	be	AUX
faba-244	220	10	not	not	PART
faba-244	220	11	at	at	ADP
faba-244	220	12	work	work	NOUN
faba-244	220	13	when	when	SCONJ
faba-244	220	14	it	it	PRON
faba-244	220	15	comes	come	VERB
faba-244	220	16	to	to	ADP
faba-244	220	17	holding	hold	VERB
faba-244	220	18	the	the	DET
faba-244	220	19	tsumitate	tsumitate	NOUN
faba-244	220	20	nisa	nisa	PROPN
faba-244	220	21	,	,	PUNCT
faba-244	220	22	and	and	CCONJ
faba-244	220	23	that	that	SCONJ
faba-244	220	24	holding	holding	NOUN
faba-244	220	25	is	be	AUX
faba-244	220	26	simply	simply	ADV
faba-244	220	27	a	a	DET
faba-244	220	28	consideration	consideration	NOUN
faba-244	220	29	of	of	ADP
faba-244	220	30	consumption	consumption	NOUN
faba-244	220	31	activities	activity	NOUN
faba-244	220	32	in	in	ADP
faba-244	220	33	retirement	retirement	NOUN
faba-244	220	34	.	.	PUNCT
faba-244	221	1	financial	financial	ADJ
faba-244	221	2	literacy	literacy	NOUN
faba-244	221	3	was	be	AUX
faba-244	221	4	found	find	VERB
faba-244	221	5	to	to	PART
faba-244	221	6	be	be	AUX
faba-244	221	7	high	high	ADJ
faba-244	221	8	among	among	ADP
faba-244	221	9	investors	investor	NOUN
faba-244	221	10	who	who	PRON
faba-244	221	11	invested	invest	VERB
faba-244	221	12	in	in	ADP
faba-244	221	13	stocks	stock	NOUN
faba-244	221	14	,	,	PUNCT
faba-244	221	15	purchased	purchase	VERB
faba-244	221	16	investment	investment	NOUN
faba-244	221	17	trusts	trust	NOUN
faba-244	221	18	,	,	PUNCT
faba-244	221	19	and	and	CCONJ
faba-244	221	20	had	have	VERB
faba-244	221	21	regular	regular	ADJ
faba-244	221	22	nisas	nisa	NOUN
faba-244	221	23	,	,	PUNCT
faba-244	221	24	but	but	CCONJ
faba-244	221	25	it	it	PRON
faba-244	221	26	had	have	VERB
faba-244	221	27	no	no	DET
faba-244	221	28	significant	significant	ADJ
faba-244	221	29	effect	effect	NOUN
faba-244	221	30	on	on	ADP
faba-244	221	31	tsumitate	tsumitate	ADJ
faba-244	221	32	nisas	nisa	NOUN
faba-244	221	33	.	.	PUNCT
faba-244	222	1	if	if	SCONJ
faba-244	222	2	the	the	DET
faba-244	222	3	government	government	NOUN
faba-244	222	4	's	's	PART
faba-244	222	5	goal	goal	NOUN
faba-244	222	6	is	be	AUX
faba-244	222	7	to	to	PART
faba-244	222	8	promote	promote	VERB
faba-244	222	9	investment	investment	NOUN
faba-244	222	10	,	,	PUNCT
faba-244	222	11	tsumitate	tsumitate	ADJ
faba-244	222	12	nisas	nisa	NOUN
faba-244	222	13	may	may	AUX
faba-244	222	14	play	play	VERB
faba-244	222	15	a	a	DET
faba-244	222	16	role	role	NOUN
faba-244	222	17	.	.	PUNCT
faba-244	223	1	nevertheless	nevertheless	ADV
faba-244	223	2	,	,	PUNCT
faba-244	223	3	the	the	DET
faba-244	223	4	possibility	possibility	NOUN
faba-244	223	5	of	of	ADP
faba-244	223	6	capital	capital	NOUN
faba-244	223	7	outflows	outflow	NOUN
faba-244	223	8	to	to	ADP
faba-244	223	9	foreign	foreign	ADJ
faba-244	223	10	countries	country	NOUN
faba-244	223	11	can	can	AUX
faba-244	223	12	not	not	PART
faba-244	223	13	be	be	AUX
faba-244	223	14	overlooked	overlook	VERB
faba-244	223	15	.	.	PUNCT
faba-244	224	1	the	the	DET
faba-244	224	2	new	new	PROPN
faba-244	224	3	nisa	nisa	PROPN
faba-244	224	4	system	system	NOUN
faba-244	224	5	will	will	AUX
faba-244	224	6	be	be	AUX
faba-244	224	7	adopted	adopt	VERB
faba-244	224	8	from	from	ADP
faba-244	224	9	2024	2024	NUM
faba-244	224	10	,	,	PUNCT
faba-244	224	11	making	make	VERB
faba-244	224	12	it	it	PRON
faba-244	224	13	possible	possible	ADJ
faba-244	224	14	to	to	PART
faba-244	224	15	hold	hold	VERB
faba-244	224	16	the	the	DET
faba-244	224	17	general	general	ADJ
faba-244	224	18	nisa	nisa	PROPN
faba-244	224	19	and	and	CCONJ
faba-244	224	20	tsumitate	tsumitate	VERB
faba-244	224	21	nisa	nisa	PROPN
faba-244	224	22	simultaneously	simultaneously	ADV
faba-244	224	23	.	.	PUNCT
faba-244	225	1	moreover	moreover	ADV
faba-244	225	2	,	,	PUNCT
faba-244	225	3	the	the	DET
faba-244	225	4	tax	tax	NOUN
faba-244	225	5	-	-	PUNCT
faba-244	225	6	free	free	ADJ
faba-244	225	7	period	period	NOUN
faba-244	225	8	and	and	CCONJ
faba-244	225	9	tax	tax	NOUN
faba-244	225	10	-	-	PUNCT
faba-244	225	11	free	free	ADJ
faba-244	225	12	amount	amount	NOUN
faba-244	225	13	have	have	AUX
faba-244	225	14	been	be	AUX
faba-244	225	15	significantly	significantly	ADV
faba-244	225	16	expanded	expand	VERB
faba-244	225	17	.	.	PUNCT
faba-244	226	1	how	how	SCONJ
faba-244	226	2	these	these	PRON
faba-244	226	3	will	will	AUX
faba-244	226	4	contribute	contribute	VERB
faba-244	226	5	to	to	ADP
faba-244	226	6	the	the	DET
faba-244	226	7	inflow	inflow	NOUN
faba-244	226	8	of	of	ADP
faba-244	226	9	funds	fund	NOUN
faba-244	226	10	into	into	ADP
faba-244	226	11	nisa	nisa	PROPN
faba-244	226	12	will	will	AUX
faba-244	226	13	be	be	AUX
faba-244	226	14	an	an	DET
faba-244	226	15	issue	issue	NOUN
faba-244	226	16	for	for	ADP
faba-244	226	17	future	future	ADJ
faba-244	226	18	studies	study	NOUN
faba-244	226	19	using	use	VERB
faba-244	226	20	new	new	ADJ
faba-244	226	21	survey	survey	NOUN
faba-244	226	22	data	datum	NOUN
faba-244	226	23	.	.	PUNCT
faba-244	227	1	references	reference	NOUN
faba-244	227	2	bernheim	bernheim	PROPN
faba-244	227	3	,	,	PUNCT
faba-244	227	4	b.	b.	PROPN
faba-244	227	5	d.	d.	PROPN
faba-244	227	6	,	,	PUNCT
faba-244	227	7	and	and	CCONJ
faba-244	227	8	d.	d.	PROPN
faba-244	227	9	m.	m.	PROPN
faba-244	227	10	garrett	garrett	PROPN
faba-244	227	11	.	.	PROPN
faba-244	227	12	2003	2003	NUM
faba-244	227	13	.	.	PUNCT
faba-244	228	1	the	the	DET
faba-244	228	2	effects	effect	NOUN
faba-244	228	3	of	of	ADP
faba-244	228	4	financial	financial	ADJ
faba-244	228	5	education	education	NOUN
faba-244	228	6	in	in	ADP
faba-244	228	7	the	the	DET
faba-244	228	8	workplace	workplace	NOUN
faba-244	228	9	:	:	PUNCT
faba-244	228	10	evidence	evidence	NOUN
faba-244	228	11	from	from	ADP
faba-244	228	12	a	a	DET
faba-244	228	13	survey	survey	NOUN
faba-244	228	14	of	of	ADP
faba-244	228	15	households	household	NOUN
faba-244	228	16	.	.	PUNCT
faba-244	229	1	journal	journal	NOUN
faba-244	229	2	of	of	ADP
faba-244	229	3	public	public	ADJ
faba-244	229	4	economics	economic	NOUN
faba-244	229	5	,	,	PUNCT
faba-244	229	6	87(7	87(7	NOUN
faba-244	229	7	-	-	PUNCT
faba-244	229	8	8)	8)	NUM
faba-244	229	9	:	:	PUNCT
faba-244	229	10	1487	1487	NUM
faba-244	229	11	-	-	SYM
faba-244	229	12	1519	1519	NUM
faba-244	229	13	.	.	PUNCT
faba-244	230	1	brown	brown	PROPN
faba-244	230	2	,	,	PUNCT
faba-244	230	3	d.	d.	PROPN
faba-244	230	4	c	c	PROPN
faba-244	230	5	,	,	PUNCT
faba-244	230	6	s.	s.	PROPN
faba-244	230	7	cederburg	cederburg	PROPN
faba-244	230	8	,	,	PUNCT
faba-244	230	9	and	and	CCONJ
faba-244	230	10	m.	m.	PROPN
faba-244	230	11	o’doherty	o’doherty	PROPN
faba-244	230	12	.	.	PUNCT
faba-244	231	1	2017	2017	NUM
faba-244	231	2	.	.	PUNCT
faba-244	232	1	tax	tax	NOUN
faba-244	232	2	uncertainty	uncertainty	NOUN
faba-244	232	3	and	and	CCONJ
faba-244	232	4	retirement	retirement	NOUN
faba-244	232	5	savings	saving	NOUN
faba-244	232	6	diversifycation	diversifycation	NOUN
faba-244	232	7	.	.	PUNCT
faba-244	233	1	journal	journal	NOUN
faba-244	233	2	of	of	ADP
faba-244	233	3	financial	financial	ADJ
faba-244	233	4	economics	economic	NOUN
faba-244	233	5	,	,	PUNCT
faba-244	233	6	126(3	126(3	NUM
faba-244	233	7	):	):	PUNCT
faba-244	233	8	689	689	NUM
faba-244	233	9	-	-	SYM
faba-244	233	10	712	712	NUM
faba-244	233	11	.	.	PUNCT
faba-244	234	1	campbell	campbell	PROPN
faba-244	234	2	,	,	PUNCT
faba-244	234	3	d.	d.	PROPN
faba-244	234	4	w.	w.	PROPN
faba-244	234	5	1997	1997	NUM
faba-244	234	6	.	.	PUNCT
faba-244	235	1	transfer	transfer	NOUN
faba-244	235	2	and	and	CCONJ
faba-244	235	3	life	life	NOUN
faba-244	235	4	cycle	cycle	NOUN
faba-244	235	5	wealth	wealth	NOUN
faba-244	235	6	in	in	ADP
faba-244	235	7	japan	japan	PROPN
faba-244	235	8	,	,	PUNCT
faba-244	235	9	1974	1974	NUM
faba-244	235	10	-	-	SYM
faba-244	235	11	1984	1984	NUM
faba-244	235	12	.	.	PUNCT
faba-244	236	1	japanese	japanese	ADJ
faba-244	236	2	economic	economic	PROPN
faba-244	236	3	review	review	PROPN
faba-244	236	4	,	,	PUNCT
faba-244	236	5	48(4	48(4	NUM
faba-244	236	6	):	):	PUNCT
faba-244	236	7	410	410	NUM
faba-244	236	8	-	-	SYM
faba-244	236	9	423	423	NUM
faba-244	236	10	.	.	PUNCT
faba-244	236	11	dekle	dekle	NOUN
faba-244	236	12	,	,	PUNCT
faba-244	236	13	r.	r.	PROPN
faba-244	236	14	1989	1989	NUM
faba-244	236	15	.	.	PUNCT
faba-244	237	1	the	the	DET
faba-244	237	2	unimportance	unimportance	NOUN
faba-244	237	3	of	of	ADP
faba-244	237	4	intergenerational	intergenerational	ADJ
faba-244	237	5	transfers	transfer	NOUN
faba-244	237	6	in	in	ADP
faba-244	237	7	japan	japan	PROPN
faba-244	237	8	.	.	PUNCT
faba-244	238	1	japan	japan	PROPN
faba-244	238	2	and	and	CCONJ
faba-244	238	3	the	the	DET
faba-244	238	4	world	world	NOUN
faba-244	238	5	economy	economy	NOUN
faba-244	238	6	,	,	PUNCT
faba-244	238	7	1(4	1(4	NUM
faba-244	238	8	):	):	PUNCT
faba-244	238	9	403	403	NUM
faba-244	238	10	-	-	SYM
faba-244	238	11	413	413	NUM
faba-244	238	12	.	.	PUNCT
faba-244	239	1	dekle	dekle	NOUN
faba-244	239	2	,	,	PUNCT
faba-244	239	3	r.	r.	PROPN
faba-244	239	4	1990	1990	NUM
faba-244	239	5	.	.	PUNCT
faba-244	240	1	do	do	AUX
faba-244	240	2	the	the	DET
faba-244	240	3	japanese	japanese	ADJ
faba-244	240	4	elderly	elderly	ADJ
faba-244	240	5	reduce	reduce	VERB
faba-244	240	6	their	their	PRON
faba-244	240	7	total	total	ADJ
faba-244	240	8	wealth	wealth	NOUN
faba-244	240	9	?	?	PUNCT
faba-244	241	1	a	a	DET
faba-244	241	2	new	new	ADJ
faba-244	241	3	look	look	NOUN
faba-244	241	4	with	with	ADP
faba-244	241	5	different	different	ADJ
faba-244	241	6	data	datum	NOUN
faba-244	241	7	.	.	PUNCT
faba-244	242	1	journal	journal	NOUN
faba-244	242	2	of	of	ADP
faba-244	242	3	the	the	DET
faba-244	242	4	japanese	japanese	ADJ
faba-244	242	5	and	and	CCONJ
faba-244	242	6	international	international	ADJ
faba-244	242	7	economies	economy	NOUN
faba-244	242	8	,	,	PUNCT
faba-244	242	9	4(3	4(3	NUM
faba-244	242	10	):	):	PUNCT
faba-244	242	11	209	209	NUM
faba-244	242	12	-	-	SYM
faba-244	242	13	317	317	NUM
faba-244	242	14	.	.	PUNCT
faba-244	243	1	deuflhard	deuflhard	PROPN
faba-244	243	2	,	,	PUNCT
faba-244	243	3	f.	f.	PROPN
faba-244	243	4	,	,	PUNCT
faba-244	243	5	d.	d.	PROPN
faba-244	243	6	georgarakos	georgarakos	PROPN
faba-244	243	7	,	,	PUNCT
faba-244	243	8	and	and	CCONJ
faba-244	243	9	r.	r.	PROPN
faba-244	243	10	inderst	inderst	PROPN
faba-244	243	11	.	.	PUNCT
faba-244	244	1	2015	2015	NUM
faba-244	244	2	.	.	PUNCT
faba-244	245	1	financial	financial	ADJ
faba-244	245	2	literacy	literacy	NOUN
faba-244	245	3	and	and	CCONJ
faba-244	245	4	savings	saving	NOUN
faba-244	245	5	account	account	NOUN
faba-244	245	6	returns	return	NOUN
faba-244	245	7	.	.	PUNCT
faba-244	246	1	european	european	ADJ
faba-244	246	2	central	central	PROPN
faba-244	246	3	bank	bank	PROPN
faba-244	246	4	working	working	PROPN
faba-244	246	5	paper	paper	NOUN
faba-244	246	6	series	series	NOUN
faba-244	246	7	,	,	PUNCT
faba-244	246	8	no.1852	no.1852	PROPN
faba-244	246	9	.	.	PUNCT
faba-244	246	10	dynan	dynan	PROPN
faba-244	246	11	,	,	PUNCT
faba-244	246	12	k.	k.	PROPN
faba-244	246	13	e.	e.	PROPN
faba-244	246	14	,	,	PUNCT
faba-244	246	15	j.	j.	PROPN
faba-244	246	16	skinner	skinner	PROPN
faba-244	246	17	,	,	PUNCT
faba-244	246	18	and	and	CCONJ
faba-244	246	19	s.	s.	PROPN
faba-244	246	20	p.	p.	PROPN
faba-244	246	21	zeldes	zeldes	PROPN
faba-244	246	22	.	.	PUNCT
faba-244	247	1	2004	2004	NUM
faba-244	247	2	.	.	PUNCT
faba-244	248	1	do	do	AUX
faba-244	248	2	the	the	DET
faba-244	248	3	rich	rich	ADJ
faba-244	248	4	save	save	VERB
faba-244	248	5	more	more	ADJ
faba-244	248	6	?	?	PUNCT
faba-244	249	1	journal	journal	NOUN
faba-244	249	2	of	of	ADP
faba-244	249	3	political	political	ADJ
faba-244	249	4	economy	economy	NOUN
faba-244	249	5	,	,	PUNCT
faba-244	249	6	112(2	112(2	NUM
faba-244	249	7	):	):	PUNCT
faba-244	249	8	397	397	NUM
faba-244	249	9	-	-	SYM
faba-244	249	10	444	444	NUM
faba-244	249	11	.	.	PUNCT
faba-244	250	1	goda	goda	PROPN
faba-244	250	2	,	,	PUNCT
faba-244	250	3	g.	g.	PROPN
faba-244	250	4	s.	s.	PROPN
faba-244	250	5	,	,	PUNCT
faba-244	250	6	c.	c.	PROPN
faba-244	250	7	f.	f.	PROPN
faba-244	250	8	manchester	manchester	PROPN
faba-244	250	9	,	,	PUNCT
faba-244	250	10	and	and	CCONJ
faba-244	250	11	a.	a.	PROPN
faba-244	250	12	j.	j.	PROPN
faba-244	250	13	sojourner	sojourner	PROPN
faba-244	250	14	.	.	PUNCT
faba-244	251	1	2014	2014	NUM
faba-244	251	2	.	.	PUNCT
faba-244	252	1	what	what	PRON
faba-244	252	2	will	will	AUX
faba-244	252	3	my	my	PRON
faba-244	252	4	account	account	NOUN
faba-244	252	5	really	really	ADV
faba-244	252	6	be	be	AUX
faba-244	252	7	worth	worth	ADJ
faba-244	252	8	?	?	PUNCT
faba-244	253	1	experimental	experimental	ADJ
faba-244	253	2	evidence	evidence	NOUN
faba-244	253	3	on	on	ADP
faba-244	253	4	how	how	SCONJ
faba-244	253	5	retirement	retirement	NOUN
faba-244	253	6	income	income	NOUN
faba-244	253	7	projections	projection	NOUN
faba-244	253	8	affect	affect	VERB
faba-244	253	9	saving	save	VERB
faba-244	253	10	.	.	PUNCT
faba-244	254	1	journal	journal	PROPN
faba-244	254	2	of	of	ADP
faba-244	254	3	public	public	ADJ
faba-244	254	4	economics	economic	NOUN
faba-244	254	5	,	,	PUNCT
faba-244	254	6	119	119	NUM
faba-244	254	7	:	:	SYM
faba-244	254	8	8092	8092	NUM
faba-244	254	9	.	.	PUNCT
faba-244	255	1	hayashi	hayashi	PROPN
faba-244	255	2	,	,	PUNCT
faba-244	255	3	f.	f.	PROPN
faba-244	255	4	1986	1986	NUM
faba-244	255	5	.	.	PUNCT
faba-244	256	1	why	why	SCONJ
faba-244	256	2	is	be	AUX
faba-244	256	3	japan	japan	PROPN
faba-244	256	4	’s	’s	PART
faba-244	256	5	saving	saving	NOUN
faba-244	256	6	rate	rate	NOUN
faba-244	256	7	so	so	ADV
faba-244	256	8	apparently	apparently	ADV
faba-244	256	9	high	high	ADJ
faba-244	256	10	?	?	PUNCT
faba-244	257	1	in	in	ADP
faba-244	257	2	s.	s.	PROPN
faba-244	257	3	fischer	fischer	PROPN
faba-244	257	4	ed	ed	PROPN
faba-244	257	5	.	.	PROPN
faba-244	257	6	,	,	PUNCT
faba-244	257	7	nber	nber	PROPN
faba-244	257	8	macroeconomic	macroeconomic	PROPN
faba-244	257	9	-	-	PUNCT
faba-244	257	10	s	s	NOUN
faba-244	257	11	annual	annual	ADJ
faba-244	257	12	1986	1986	NUM
faba-244	257	13	,	,	PUNCT
faba-244	257	14	1	1	NUM
faba-244	257	15	:	:	SYM
faba-244	257	16	147	147	NUM
faba-244	257	17	-	-	SYM
faba-244	257	18	210	210	NUM
faba-244	257	19	.	.	PUNCT
faba-244	257	20	horioka	horioka	NOUN
faba-244	257	21	,	,	PUNCT
faba-244	257	22	c.	c.	PROPN
faba-244	257	23	y.	y.	PROPN
faba-244	257	24	,	,	PUNCT
faba-244	257	25	and	and	CCONJ
faba-244	257	26	w.	w.	PROPN
faba-244	257	27	watanabe	watanabe	PROPN
faba-244	257	28	.	.	PUNCT
faba-244	258	1	1997	1997	NUM
faba-244	258	2	.	.	PUNCT
faba-244	259	1	why	why	SCONJ
faba-244	259	2	do	do	AUX
faba-244	259	3	people	people	NOUN
faba-244	259	4	save	save	VERB
faba-244	259	5	?	?	PUNCT
faba-244	260	1	a	a	DET
faba-244	260	2	micro	micro	NOUN
faba-244	260	3	-	-	NOUN
faba-244	260	4	analysis	analysis	NOUN
faba-244	260	5	of	of	ADP
faba-244	260	6	motives	motive	NOUN
faba-244	260	7	for	for	ADP
faba-244	260	8	household	household	NOUN
faba-244	260	9	saving	saving	NOUN
faba-244	260	10	in	in	ADP
faba-244	260	11	japan	japan	PROPN
faba-244	260	12	.	.	PUNCT
faba-244	261	1	the	the	DET
faba-244	261	2	economic	economic	ADJ
faba-244	261	3	journal	journal	NOUN
faba-244	261	4	,	,	PUNCT
faba-244	261	5	107(442	107(442	NUM
faba-244	261	6	):	):	PUNCT
faba-244	261	7	537	537	NUM
faba-244	261	8	-	-	SYM
faba-244	261	9	552	552	NUM
faba-244	261	10	.	.	PUNCT
faba-244	262	1	ishihara	ishihara	PROPN
faba-244	262	2	,	,	PUNCT
faba-244	262	3	h.	h.	PROPN
faba-244	262	4	,	,	PUNCT
faba-244	262	5	and	and	CCONJ
faba-244	262	6	t.	t.	PROPN
faba-244	262	7	doi	doi	PROPN
faba-244	262	8	.	.	PROPN
faba-244	262	9	2004	2004	NUM
faba-244	262	10	.	.	PUNCT
faba-244	263	1	consumption	consumption	NOUN
faba-244	263	2	and	and	CCONJ
faba-244	263	3	saving	save	VERB
faba-244	263	4	behavior	behavior	NOUN
faba-244	263	5	in	in	ADP
faba-244	263	6	japan	japan	PROPN
faba-244	263	7	in	in	ADP
faba-244	263	8	the	the	DET
faba-244	263	9	1990s	1990s	NUM
faba-244	263	10	.	.	PUNCT
faba-244	264	1	keizaibunseki	keizaibunseki	PROPN
faba-244	264	2	,	,	PUNCT
faba-244	264	3	174	174	NUM
faba-244	264	4	(	(	PUNCT
faba-244	264	5	in	in	ADP
faba-244	264	6	japanese	japanese	PROPN
faba-244	264	7	)	)	PUNCT
faba-244	264	8	.	.	PUNCT
faba-244	265	1	kotlikoff	kotlikoff	PROPN
faba-244	265	2	,	,	PUNCT
faba-244	265	3	l.	l.	PROPN
faba-244	265	4	j.	j.	PROPN
faba-244	265	5	,	,	PUNCT
faba-244	265	6	and	and	CCONJ
faba-244	265	7	a.	a.	NOUN
faba-244	265	8	spivak	spivak	PROPN
faba-244	265	9	.	.	PUNCT
faba-244	266	1	1981	1981	NUM
faba-244	266	2	.	.	PUNCT
faba-244	267	1	the	the	DET
faba-244	267	2	family	family	NOUN
faba-244	267	3	as	as	ADP
faba-244	267	4	an	an	DET
faba-244	267	5	incomplete	incomplete	ADJ
faba-244	267	6	annuities	annuity	NOUN
faba-244	267	7	market	market	NOUN
faba-244	267	8	.	.	PUNCT
faba-244	268	1	journal	journal	NOUN
faba-244	268	2	of	of	ADP
faba-244	268	3	political	political	ADJ
faba-244	268	4	economy	economy	NOUN
faba-244	268	5	,	,	PUNCT
faba-244	268	6	89(2	89(2	NUM
faba-244	268	7	):	):	PUNCT
faba-244	268	8	372	372	NUM
faba-244	268	9	-	-	SYM
faba-244	268	10	391	391	NUM
faba-244	268	11	.	.	PUNCT
faba-244	269	1	kotlikoff	kotlikoff	PROPN
faba-244	269	2	,	,	PUNCT
faba-244	269	3	l.	l.	PROPN
faba-244	269	4	j.	j.	PROPN
faba-244	269	5	,	,	PUNCT
faba-244	269	6	and	and	CCONJ
faba-244	269	7	l.	l.	PROPN
faba-244	269	8	h.	h.	PROPN
faba-244	269	9	summers	summers	PROPN
faba-244	269	10	.	.	PUNCT
faba-244	270	1	1981	1981	NUM
faba-244	270	2	.	.	PUNCT
faba-244	271	1	the	the	DET
faba-244	271	2	role	role	NOUN
faba-244	271	3	of	of	ADP
faba-244	271	4	intergenerational	intergenerational	ADJ
faba-244	271	5	transfers	transfer	NOUN
faba-244	271	6	in	in	ADP
faba-244	271	7	aggregate	aggregate	ADJ
faba-244	271	8	capital	capital	NOUN
faba-244	271	9	accumulation	accumulation	NOUN
faba-244	271	10	.	.	PUNCT
faba-244	272	1	journal	journal	NOUN
faba-244	272	2	of	of	ADP
faba-244	272	3	political	political	ADJ
faba-244	272	4	economy	economy	NOUN
faba-244	272	5	,	,	PUNCT
faba-244	272	6	89(4	89(4	NOUN
faba-244	272	7	):	):	PUNCT
faba-244	272	8	706	706	NUM
faba-244	272	9	-	-	SYM
faba-244	272	10	732	732	NUM
faba-244	272	11	.	.	PUNCT
faba-244	273	1	lusardi	lusardi	PROPN
faba-244	273	2	,	,	PUNCT
faba-244	273	3	a.	a.	NOUN
faba-244	273	4	,	,	PUNCT
faba-244	273	5	and	and	CCONJ
faba-244	273	6	o.	o.	PROPN
faba-244	273	7	s.	s.	PROPN
faba-244	273	8	mitchell	mitchell	PROPN
faba-244	273	9	.	.	PUNCT
faba-244	274	1	2014	2014	NUM
faba-244	274	2	.	.	PUNCT
faba-244	275	1	the	the	DET
faba-244	275	2	economic	economic	ADJ
faba-244	275	3	importance	importance	NOUN
faba-244	275	4	of	of	ADP
faba-244	275	5	financial	financial	ADJ
faba-244	275	6	literacy	literacy	NOUN
faba-244	275	7	:	:	PUNCT
faba-244	275	8	theory	theory	NOUN
faba-244	275	9	and	and	CCONJ
faba-244	275	10	evidence	evidence	NOUN
faba-244	275	11	.	.	PUNCT
faba-244	276	1	journal	journal	NOUN
faba-244	276	2	of	of	ADP
faba-244	276	3	economic	economic	ADJ
faba-244	276	4	literature	literature	NOUN
faba-244	276	5	,	,	PUNCT
faba-244	276	6	52(1	52(1	NOUN
faba-244	276	7	):	):	PUNCT
faba-244	276	8	5	5	NUM
faba-244	276	9	-	-	SYM
faba-244	276	10	44	44	NUM
faba-244	276	11	.	.	PUNCT
faba-244	277	1	otake	otake	PROPN
faba-244	277	2	,	,	PUNCT
faba-244	277	3	f.	f.	PROPN
faba-244	277	4	,	,	PUNCT
faba-244	277	5	and	and	CCONJ
faba-244	277	6	c.	c.	PROPN
faba-244	277	7	horioka	horioka	PROPN
faba-244	277	8	.	.	PUNCT
faba-244	278	1	1994	1994	NUM
faba-244	278	2	.	.	PUNCT
faba-244	279	1	savings	saving	NOUN
faba-244	279	2	motive	motive	NOUN
faba-244	279	3	.	.	PUNCT
faba-244	280	1	in	in	ADP
faba-244	280	2	ishikawa	ishikawa	PROPN
faba-244	280	3	,	,	PUNCT
faba-244	280	4	t.	t.	PROPN
faba-244	280	5	(	(	PUNCT
faba-244	280	6	ed	ed	NOUN
faba-244	280	7	.	.	PUNCT
faba-244	280	8	)	)	PUNCT
faba-244	280	9	,	,	PUNCT
faba-244	280	10	income	income	NOUN
faba-244	280	11	and	and	CCONJ
faba-244	280	12	wealth	wealth	NOUN
faba-244	280	13	distribution	distribution	NOUN
faba-244	280	14	in	in	ADP
faba-244	280	15	japan	japan	PROPN
faba-244	280	16	,	,	PUNCT
faba-244	280	17	university	university	PROPN
faba-244	280	18	of	of	ADP
faba-244	280	19	tokyo	tokyo	PROPN
faba-244	280	20	press	press	NOUN
faba-244	280	21	:	:	PUNCT
faba-244	280	22	211	211	NUM
faba-244	280	23	-	-	SYM
faba-244	280	24	244	244	NUM
faba-244	280	25	(	(	PUNCT
faba-244	280	26	in	in	ADP
faba-244	280	27	japanese	japanese	PROPN
faba-244	280	28	)	)	PUNCT
faba-244	280	29	.	.	PUNCT
faba-244	281	1	sekita	sekita	PROPN
faba-244	281	2	,	,	PUNCT
faba-244	281	3	s.	s.	PROPN
faba-244	281	4	,	,	PUNCT
faba-244	281	5	v.	v.	CCONJ
faba-244	281	6	kakkar	kakkar	PROPN
faba-244	281	7	,	,	PUNCT
faba-244	281	8	and	and	CCONJ
faba-244	281	9	m.	m.	NOUN
faba-244	281	10	ogaki	ogaki	PROPN
faba-244	281	11	.	.	PUNCT
faba-244	282	1	2022	2022	NUM
faba-244	282	2	.	.	PUNCT
faba-244	283	1	wealth	wealth	NOUN
faba-244	283	2	financial	financial	ADJ
faba-244	283	3	literacy	literacy	NOUN
faba-244	283	4	and	and	CCONJ
faba-244	283	5	behavioral	behavioral	ADJ
faba-244	283	6	biases	bias	NOUN
faba-244	283	7	in	in	ADP
faba-244	283	8	japan	japan	PROPN
faba-244	283	9	:	:	PUNCT
faba-244	283	10	the	the	DET
faba-244	283	11	effect	effect	NOUN
faba-244	283	12	of	of	ADP
faba-244	283	13	various	various	ADJ
faba-244	283	14	types	type	NOUN
faba-244	283	15	of	of	ADP
faba-244	283	16	financial	financial	ADJ
faba-244	283	17	literacy	literacy	NOUN
faba-244	283	18	.	.	PUNCT
faba-244	284	1	journal	journal	NOUN
faba-244	284	2	of	of	ADP
faba-244	284	3	japanese	japanese	ADJ
faba-244	284	4	and	and	CCONJ
faba-244	284	5	international	international	ADJ
faba-244	284	6	economies	economy	NOUN
faba-244	284	7	,	,	PUNCT
faba-244	284	8	64	64	NUM
faba-244	284	9	,	,	PUNCT
faba-244	284	10	101190	101190	NUM
faba-244	284	11	.	.	PUNCT
faba-244	285	1	shin	shin	PROPN
faba-244	285	2	fukuda	fukuda	PROPN
faba-244	285	3	and	and	CCONJ
faba-244	285	4	luna	luna	PROPN
faba-244	285	5	akahira/	akahira/	NUM
faba-244	285	6	finance	finance	NOUN
faba-244	285	7	,	,	PUNCT
faba-244	285	8	accounting	accounting	NOUN
faba-244	285	9	and	and	CCONJ
faba-244	285	10	business	business	NOUN
faba-244	285	11	analysis	analysis	NOUN
faba-244	285	12	,	,	PUNCT
faba-244	285	13	volume	volume	NOUN
faba-244	285	14	6	6	NUM
faba-244	285	15	,	,	PUNCT
faba-244	285	16	issue	issue	NOUN
faba-244	285	17	2	2	NUM
faba-244	285	18	,	,	PUNCT
faba-244	285	19	2024	2024	NUM
faba-244	285	20	205	205	NUM
faba-244	285	21	skinner	skinner	NOUN
faba-244	285	22	,	,	PUNCT
faba-244	285	23	j.	j.	PROPN
faba-244	285	24	1988	1988	NUM
faba-244	285	25	.	.	PUNCT
faba-244	286	1	risky	risky	ADJ
faba-244	286	2	income	income	NOUN
faba-244	286	3	,	,	PUNCT
faba-244	286	4	life	life	NOUN
faba-244	286	5	cycle	cycle	NOUN
faba-244	286	6	consumption	consumption	NOUN
faba-244	286	7	,	,	PUNCT
faba-244	286	8	and	and	CCONJ
faba-244	286	9	precautionary	precautionary	ADJ
faba-244	286	10	savings	saving	NOUN
faba-244	286	11	.	.	PUNCT
faba-244	287	1	journal	journal	PROPN
faba-244	287	2	of	of	ADP
faba-244	287	3	monetary	monetary	ADJ
faba-244	287	4	economics	economic	NOUN
faba-244	287	5	,	,	PUNCT
faba-244	287	6	22(2	22(2	NUM
faba-244	287	7	):	):	PUNCT
faba-244	287	8	237	237	NUM
faba-244	287	9	-	-	SYM
faba-244	287	10	255	255	NUM
faba-244	287	11	.	.	PUNCT
faba-244	288	1	van	van	PROPN
faba-244	288	2	rooij	rooij	NOUN
faba-244	288	3	,	,	PUNCT
faba-244	288	4	m.	m.	NOUN
faba-244	288	5	,	,	PUNCT
faba-244	288	6	a.	a.	NOUN
faba-244	288	7	lusardi	lusardi	PROPN
faba-244	288	8	,	,	PUNCT
faba-244	288	9	and	and	CCONJ
faba-244	288	10	r.	r.	PROPN
faba-244	288	11	alessie	alessie	PROPN
faba-244	288	12	.	.	PUNCT
faba-244	289	1	2011	2011	NUM
faba-244	289	2	.	.	PUNCT
faba-244	290	1	financial	financial	ADJ
faba-244	290	2	literacy	literacy	NOUN
faba-244	290	3	and	and	CCONJ
faba-244	290	4	stock	stock	NOUN
faba-244	290	5	market	market	NOUN
faba-244	290	6	participation	participation	NOUN
faba-244	290	7	.	.	PUNCT
faba-244	291	1	journal	journal	NOUN
faba-244	291	2	of	of	ADP
faba-244	291	3	financial	financial	ADJ
faba-244	291	4	economics	economic	NOUN
faba-244	291	5	,	,	PUNCT
faba-244	291	6	101(2	101(2	NUM
faba-244	291	7	):	):	PUNCT
faba-244	291	8	449	449	NUM
faba-244	291	9	-	-	SYM
faba-244	291	10	472	472	NUM
faba-244	291	11	.	.	PUNCT
faba-244	292	1	yamori	yamori	PROPN
faba-244	292	2	,	,	PUNCT
faba-244	292	3	n.	n.	NOUN
faba-244	292	4	,	,	PUNCT
faba-244	292	5	and	and	CCONJ
faba-244	292	6	h.	h.	PROPN
faba-244	292	7	ueyama	ueyama	PROPN
faba-244	292	8	.	.	PUNCT
faba-244	293	1	2021	2021	NUM
faba-244	293	2	.	.	PUNCT
faba-244	294	1	financial	financial	ADJ
faba-244	294	2	literacy	literacy	NOUN
faba-244	294	3	and	and	CCONJ
faba-244	294	4	low	low	ADJ
faba-244	294	5	stock	stock	NOUN
faba-244	294	6	market	market	NOUN
faba-244	294	7	participation	participation	NOUN
faba-244	294	8	of	of	ADP
faba-244	294	9	japanese	japanese	ADJ
faba-244	294	10	households	household	NOUN
faba-244	294	11	,	,	PUNCT
faba-244	294	12	financial	financial	ADJ
faba-244	294	13	research	research	NOUN
faba-244	294	14	letters	letter	NOUN
faba-244	294	15	,	,	PUNCT
faba-244	294	16	44	44	NUM
faba-244	294	17	,	,	PUNCT
faba-244	294	18	102074	102074	NUM
faba-244	294	19	.	.	PUNCT
faba-244	295	1	zhou	zhou	PROPN
faba-244	295	2	,	,	PUNCT
faba-244	295	3	y.	y.	PROPN
faba-244	295	4	2003	2003	NUM
faba-244	295	5	.	.	PUNCT
faba-244	296	1	precautionary	precautionary	ADJ
faba-244	296	2	savings	saving	NOUN
faba-244	296	3	and	and	CCONJ
faba-244	296	4	earnings	earning	NOUN
faba-244	296	5	uncertainty	uncertainty	NOUN
faba-244	296	6	in	in	ADP
faba-244	296	7	japan	japan	PROPN
faba-244	296	8	:	:	PUNCT
faba-244	296	9	a	a	DET
faba-244	296	10	household	household	NOUN
faba-244	296	11	-	-	PUNCT
faba-244	296	12	level	level	NOUN
faba-244	296	13	analysis	analysis	NOUN
faba-244	296	14	.	.	PUNCT
faba-244	297	1	journal	journal	NOUN
faba-244	297	2	of	of	ADP
faba-244	297	3	japanese	japanese	ADJ
faba-244	297	4	and	and	CCONJ
faba-244	297	5	international	international	ADJ
faba-244	297	6	economics	economic	NOUN
faba-244	297	7	,	,	PUNCT
faba-244	297	8	17	17	NUM
faba-244	297	9	:	:	SYM
faba-244	297	10	192	192	NUM
faba-244	297	11	-	-	SYM
faba-244	297	12	212	212	NUM
faba-244	297	13	.	.	PUNCT