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Author : David W. Campbell
Publisher :
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.:/5 (318 download)
Download or read book Explaining Japan's Saving Rate written by David W. Campbell and published by . This book was released on 1994 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Fumio Hayashi
Publisher : MIT Press
ISBN 13 : 9780262082556
Total Pages : 532 pages
Book Rating : 4.0/5 (825 download)
Download or read book Understanding Saving written by Fumio Hayashi and published by MIT Press. This book was released on 1997 with total page 532 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analysis 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 Understanding Saving collects eleven papers by economist Fumio Hayashi, along with two previously unpublished chapters, for a total of thirteen chapters.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 : Fumio Hayashi
Publisher :
ISBN 13 :
Total Pages : 26 pages
Book Rating : 4.:/5 (21 download)
Download or read book Japan's Saving Rate written by Fumio Hayashi and published by . This book was released on 1989 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1451923473
Total Pages : 38 pages
Book Rating : 4.4/5 (519 download)
Download or read book Japan's Household Savings Rate written by International Monetary Fund and published by International Monetary Fund. This book was released on 1987-01-01 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 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 : Tuvia Blumenthal
Publisher : BRILL
ISBN 13 : 1684171660
Total Pages : 132 pages
Book Rating : 4.6/5 (841 download)
Download or read book Saving in Postwar Japan written by Tuvia Blumenthal and published by BRILL. This book was released on 2020-10-26 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analyzes the rates and determinants of savings in postwar Japan.
Author : Robert Dekle
Publisher :
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.:/5 ( download)
Download or read book Japan's High Savings Rate Reaffirmed written by Robert Dekle and published by . This book was released on 1991 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Charles Horioka
Publisher :
ISBN 13 :
Total Pages : 68 pages
Book Rating : 4.:/5 (318 download)
Download or read book Why is Japan's Household Saving Rate So High? written by Charles Horioka and published by . This book was released on 1990 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Robert Dekle
Publisher : Routledge
ISBN 13 : 1134793138
Total Pages : 99 pages
Book Rating : 4.1/5 (347 download)
Download or read book Understanding Japanese Savings written by Robert Dekle and published by Routledge. This book was released on 2004-11-30 with total page 99 pages. Available in PDF, EPUB and Kindle. Book excerpt: Japan's savings are among the highest in the world, and these high rates have played a valuable role throughout the post-war period. However, over the next several decades, Japan's population will be ageing rapidly. Will this lower Japanese savings rates? Using up-to-date financial and demographical data, author Robert Dekle finds that the answer to this question is an emphatic 'yes'. Understanding Japanese Saving holds key lessons for Western nations undergoing similar demographic transformations as well as developing countries looking to establish public savings institutions.
Author :
Publisher :
ISBN 13 :
Total Pages : 46 pages
Book Rating : 4.:/5 (73 download)
Download or read book Understanding the Decline in Japan's Saving Rate in the New Millennium written by and published by . This book was released on 2010 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Masato Nakane
Publisher :
ISBN 13 :
Total Pages : 216 pages
Book Rating : 4.:/5 (854 download)
Download or read book Changes in Japanese Household Income, Savings, and Consumption written by Masato Nakane and published by . This book was released on 2011 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: When 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 : Robert Dekle
Publisher : Routledge
ISBN 13 : 1134793146
Total Pages : 100 pages
Book Rating : 4.1/5 (347 download)
Download or read book Understanding Japanese Savings written by Robert Dekle and published by Routledge. This book was released on 2004-11-30 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: Chapter the Japanese elderly -- chapter and fundamentals -- chapter aging on future saving, investment, and budget deficits -- chapter immigration in impacting saving, investment, and foreign capital in?ows -- chapter and consumption behavior -- chapter developing countries.
Author : Kōichi Hamada
Publisher :
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.:/5 (318 download)
Download or read book The Causes and Consequences of Japan's High Saving Ratio written by Kōichi Hamada and published by . This book was released on 1989 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Charles Horioka
Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.3/5 ( download)
Download or read book The Determinants of Japan's Saving Rate written by Charles Horioka and published by . This book was released on 1989 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Robert Dekle
Publisher :
ISBN 13 :
Total Pages : 11 pages
Book Rating : 4.:/5 (465 download)
Download or read book Japan's High Saving Rate Reaffirmed written by Robert Dekle and published by . This book was released on 1991 with total page 11 pages. Available in PDF, EPUB and Kindle. Book excerpt: Compared to the U.S. national accounts, the Japanese accounts understate consumption and government spending, and therefore overstate the national saving rate. Recently, Hayashi has recalculated Japan's national saving according to the American Department of Commerce definition and found that from the mid-1970s until today, Japan's national saving rate is nearly halved. In this paper, we argue that Hayashi's adjustments to the Japanese income accounts are exaggerated, and present measures of Japanese and U.S. private saving that are immune from national income accounting biases. Our saving measures are constructed from the balance sheets of the household sectors in the United States and Japan. Far from being equal, we find that the two country gap in saving rates in the early 1980s has averaged between 15 and 30 percentage points, depending on the measure.
Author : Robert Dekle
Publisher :
ISBN 13 :
Total Pages : 82 pages
Book Rating : 4.:/5 (318 download)
Download or read book Demographic Density, Per Capita Consumption, and the Japanese Saving-investment Balance written by Robert Dekle and published by . This book was released on 2001 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Yutaka Kōsai
Publisher :
ISBN 13 :
Total Pages : 22 pages
Book Rating : 4.3/5 ( download)
Download or read book The Balance Between Saving and Investment in Japan written by Yutaka Kōsai and published by . This book was released on 1987 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : R. Anton Braun
Publisher :
ISBN 13 :
Total Pages : 43 pages
Book Rating : 4.:/5 (129 download)
Download or read book The Saving Rate in Japan written by R. Anton Braun and published by . This book was released on 2007 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper quantifies the role of alternative shocks in accounting for the recent declines in the Japanese saving rate and provides some projections about its future course. We consider three distinct sources of variation in the saving rate: changes in fertility rates, changes in survival rates, and changes in technology. The empirical relevance of these factors is explored using a computable dynamic OLG model. Our model successfully explains historical variation in the saving rate and other aggregate variables including the after-tax real interest rate, hours per worker and output. Model projections indicate that the Japanese saving rate will be much lower in future years and will not recover to levels of 15 percent that were seen as recently as 1990.
