Household Consumption and Saving in Japan
Author: Hajime Wada
Publisher:
Published: 1997
Total Pages: 50
ISBN-13:
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Author: Hajime Wada
Publisher:
Published: 1997
Total Pages: 50
ISBN-13:
DOWNLOAD EBOOKAuthor: Erkki Vihriälä
Publisher: International Monetary Fund
Published: 2017-02-10
Total Pages: 33
ISBN-13: 1475578350
DOWNLOAD EBOOKWe study Japanese household consumption at a disaggregated level focusing on the role of income and asset dynamics. Stagnation of real per capita consumption is widespread acrosslabor market groups, age groups and regions. Consumption-to-income ratios have been mildly increasing due to the rising share of pensioners with significant assets. Evidence therefore suggests that assets have become more important in financing consumption. However, the short-term consumption dynamics remain quite sensitive to income growth but not to asset market movements.
Author: Kulanun Chuntapa
Publisher:
Published: 2017
Total Pages: 14
ISBN-13:
DOWNLOAD EBOOKThe purpose of this paper is discovering how much people spend and save in both two countries of Australia and Japan by using their household consumption, household saving, and household income. The important tool that required is calculation of Marginal Propensity to Save (MPS) and Marginal Propensity to Consume (MPC). Firstly, the literature review would perform information about both of Australia and Japan in depth in recent year for how countries deal with their economics. The progression with data collection would present where were information collected from and what information are required. The information then proceeding to the methodology that described how to calculate the consumption and saving of both Australia and Japan by using MPS and MPC formulas. Moreover, the methodology would perform the calculation on forecasting their future economy by applying five articles of The One: A Simulation of CAPM Market Returns, The Time Traveler's CAPM, Macroeconomic Forces and Arbitrage Pricing Theory, Estimating Time-Varying Beta Coefficients, and A practitioner's guide to the CAPM: an empirical study. Next up, the paper would discuss about the results on how much people spend and save money. These also appear as percentages. Overall, the conclusion suggests the recommendation on what government should do in order to grow their economies, and future forecasting presents the tendency of economies in Australia and Japan.
Author: International Monetary Fund
Publisher: International Monetary Fund
Published: 1987-01-01
Total Pages: 38
ISBN-13: 1451923473
DOWNLOAD EBOOKThis paper develops and tests a model of Japan’s household savings rate, based on the life-cycle hypothesis that the primary motive for savings is provision for retirement. The paper shows that Japan’s high household savings rate in recent decades reflects the positive influence of rapid economic growth, leading to a prolonged retirement period through the wealth and life-expectancy effects of an income change, which has initially outweighed the negative combined influence of improvements in public pension benefits and the aging of the population. It projects that the savings rate will decline substantially in coming decades as the negative influence accelerates.
Author: Masato Nakane
Publisher:
Published: 2011
Total Pages: 216
ISBN-13:
DOWNLOAD EBOOKWhen Japan experienced high economic growth, its society was characterized by low inequality in income, a high saving rate and a low consumption rate. However, after Japan's transition to slow economic growth, it was said that the society lost income mobility, and the inequality among households deteriorated. In addition, the aggregate household saving rate dropped drastically. Meanwhile, consumption expanded, which gave people more options regarding their expenditure. With this background, this thesis examines the impacts of these changes-- income mobility over time, savings rate changes, and intra-household allocation--using a long run panel data set for Japan. Chapter 1 studies income mobility in Japanese society. Household income mobility at the macro level is measured by six different methods. The results show that as a whole, household income mobility became lower in the long-run. At the micro level, unconditional micro income mobility indicated that it is possible that poorer people would catch up with richer people. Finally, conditional micro income mobility also shows that there exists conditional convergence. In Chapter 2, the causes for the decrease in the aggregate household saving are analyzed. The aggregate time series analysis reveals that the increase in the ratio of the aged population ratio partially explains the sharp decrease in the household saving rate. By using household level panel data, it was found that savings driven by the motive of home ownership could partly account for this decrease in the saving rate. The increasing burden of education expenditure is among the strongest candidates for explaining the change. Finally, some weak indirect evidence in support of the target saving hypothesis is found. In Chapter 3, the characteristics of intra-household allocation are discussed. Using the Slutsky symmetry test, the unitary model could not be rejected for the consumption behavior of one-person households. Meanwhile, the tests for SR1, distribution factor proportionality and linearity indicated that the collective model might explain the consumption behavior of two-person households. Finally, the hypothesis that three-person households could be represented by the collective model for two-person households could not be rejected.
Author: Fumio Hayashi
Publisher: MIT Press
Published: 1997
Total Pages: 532
ISBN-13: 9780262082556
DOWNLOAD EBOOKAnalysis of consumption and saving decisions by households has always been one of the most active areas of research in economics--and with good reason. Private consumption is the most important component of aggregate demand in a capitalist economy, and explaining consumption is the key element in most macroeconomic forecasting models. To evaluate the effect of government policies invariably requires the knowledge of how they change parameters relevant for household decision making. Understanding Saving collects eleven papers by economist Fumio Hayashi, along with two previously unpublished chapters, for a total of thirteen chapters. The monograph, which brings together Hayashi's empirical research on saving, is divided into three sections. Part I, "Liquidity Constraints", contains five studies that test the well-known implication of the Life Cycle-Permanent Income hypothesis that households shield consumption from income fluctuations. Part II, "Risk-Sharing and Altruism", contains three papers that examine the interactions between related and unrelated households predicted by the hypothesis for the US and Japanese households. The three papers in Part III, "Japanese Saving Behavior", present the author's explanation of the high saving rate in postwar Japan.
Author: Tuvia Blumenthal
Publisher: BRILL
Published: 2020-10-26
Total Pages: 132
ISBN-13: 1684171660
DOWNLOAD EBOOKAnalyzes the rates and determinants of savings in postwar Japan.
Author: Toshiyuki Mizoguchi
Publisher:
Published: 1970
Total Pages: 328
ISBN-13:
DOWNLOAD EBOOKEconomic research study of personal savings and consumption behaviour of families in post-war Japan - covers the theoretics of consumption functions, the standard of living, trends, the influence of position in the occupational structure on family budgets, etc., and includes an international comparison of saving and consumption ratios. Diagrams and references.
Author: Charles Horioka
Publisher:
Published: 1990
Total Pages: 68
ISBN-13:
DOWNLOAD EBOOKAuthor: Charles Horioka
Publisher:
Published: 1989
Total Pages: 70
ISBN-13:
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