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Did Japanese Consumers Become More Prudent During 1998-1999?: Evidence From Household Level Data
http://hdl.handle.net/10086/13675
http://hdl.handle.net/10086/136753707131d-ef28-4c11-9c36-c86fb9cca453
| 名前 / ファイル | ライセンス | アクション |
|---|---|---|
D05-109.pdf (148159 bytes)
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| アイテムタイプ | デフォルトアイテムタイプ（フル）その２(1) | |||||||||||
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| 公開日 | 2017-05-20 | |||||||||||
| タイトル | ||||||||||||
| タイトル | Did Japanese Consumers Become More Prudent During 1998-1999?: Evidence From Household Level Data | |||||||||||
| 言語 | en | |||||||||||
| 作成者 |
ホリ, マサヒロ
× ホリ, マサヒロ× 清水谷, 諭
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| 寄与者 | ||||||||||||
| 寄与者タイプ | Editor | |||||||||||
| 姓名 | 社会科学における統計分析拠点構築 = Research Unit for Statistical Analysis in Social Sciences | |||||||||||
| 言語 | en | |||||||||||
| アクセス権 | ||||||||||||
| アクセス権 | open access | |||||||||||
| アクセス権URI | http://purl.org/coar/access_right/c_abf2 | |||||||||||
| 主題 | ||||||||||||
| 主題Scheme | Other | |||||||||||
| 主題 | Precautionary saving | |||||||||||
| 主題 | ||||||||||||
| 主題Scheme | Other | |||||||||||
| 主題 | Coefficient of Prudence | |||||||||||
| 主題 | ||||||||||||
| 主題Scheme | Other | |||||||||||
| 主題 | Euler equation | |||||||||||
| 主題 | ||||||||||||
| 主題Scheme | Other | |||||||||||
| 主題 | Household Data | |||||||||||
| 内容記述 | ||||||||||||
| 内容記述タイプ | Other | |||||||||||
| 内容記述 | An earlier version of this paper was published as part of Hori and Shimizutani (2002). | |||||||||||
| 言語 | en | |||||||||||
| 内容記述 | ||||||||||||
| 内容記述タイプ | Abstract | |||||||||||
| 内容記述 | This paper explores empirically whether Japanese consumers became more prudent in the second half of the 1990s, a decade in which Japan registered historically low economic growth. Employing the methodology developed by Dynan (1993), this study uses micro-level data from the Family Savings Survey and the Family Income and Expenditure Survey to estimate the coefficient of prudence for Japanese households in the second half of the 1990s. The estimates reveal that the coefficient of prudence is positive and statistically significant in the 1998-1999 period. The obtained value for the coefficient of prudence is four, which is much higher than those estimated for U.S. households (not significantly different from zero) or U.K. households (around 2). The estimated coefficient for young households is higher still, which is consistent with simulation studies conducted by Gourinchas and Parker (2002) showing that precaution is the most important saving motive for younger households. | |||||||||||
| 出版者 | ||||||||||||
| 出版者 | Institute of Economic Research, Hitotsubashi University | |||||||||||
| 日付 | ||||||||||||
| 日付 | 2005-08 | |||||||||||
| 日付タイプ | Issued | |||||||||||
| 言語 | ||||||||||||
| 言語 | eng | |||||||||||
| 資源タイプ | ||||||||||||
| 資源タイプ識別子 | http://purl.org/coar/resource_type/c_18gh | |||||||||||
| 資源タイプ | technical report | |||||||||||
| 出版タイプ | ||||||||||||
| 出版タイプ | VoR | |||||||||||
| 出版タイプResource | http://purl.org/coar/version/c_970fb48d4fbd8a85 | |||||||||||
| 関連情報 | ||||||||||||
| 関連タイプ | isPartOf | |||||||||||
| 関連名称 | Hi-Stat Discussion paper series ; No. d05-109 | |||||||||||
| ページ数 | ||||||||||||
| ページ数 | 22 | |||||||||||
| Sponsorship | ||||||||||||
| 値 | 21世紀COEプログラム = 21st-Century COE Program | |||||||||||
| JEL | ||||||||||||
| 値 | D12 | |||||||||||
