Household savings in Japan revisited
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概要
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This paper investigates the household saving and wealth holdingbehavior in Japan, especially after the burst of the bubble economyin the 1990s. While the saving behavior we found in our previousstudy (Takayama and Kitamura (1994)) remains in general, thecohort analysis sheds new light on the saving behavior in Japan.With a careful construction of the cohort data, life-cycle (age)effect, time series effect, and cohort effect can be distinguishedclearly. It provides valuable information to policy makers.
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Academic Press | 論文
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