Author: David W. CampbellPublisher:
ISBN:
Category : Saving and investment
Languages : en
Pages : 40
Book Description
Explaining Japan's Saving Rate
Author: David W. CampbellPublisher:
ISBN:
Category : Saving and investment
Languages : en
Pages : 40
Book Description
Japan's High Savings Rate Reaffirmed
Author: Robert DekleThe High Japanese Saving Rate
Author: Heidi HijikataPublisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 34
Book Description
Japan's Saving Rate
Author: Fumio HayashiThe Determinants of Japan's Saving Rate
Author: Charles HoriokaWhy is Japan's Household Saving Rate So High?
Author: Charles HoriokaJapan's High Saving Rate Reaffirmed
Author: Robert DeklePublisher:
ISBN:
Category : Saving and investment
Languages : en
Pages : 11
Book Description
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.
When Will Japan's Saving Rate Stop Falling?
Author: Tomoyuki OhtaUnderstanding Saving
Author: Fumio HayashiPublisher: MIT Press
ISBN: 9780262082556
Category : Business & Economics
Languages : en
Pages : 532
Book Description
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 Understanding Saving collects eleven papers by economist Fumio Hayashi, along with two previously unpublished chapters, for a total of thirteen chapters.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.
Understanding Japanese Savings
Author: Robert DeklePublisher: Routledge
ISBN: 1134793146
Category : Business & Economics
Languages : en
Pages : 100
Book Description
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.