Satoshi, SHIMIZUTANI; Masahiro, HORI - Economic and Social Research Institute (ESRI), Cabinet … - 2005
A number of hypotheses have been proposed to examine why Japan's household saving rate was high. This paper takes … effects of the bonus system on households' savings. We find the average saving rate of households with bonus payments is …. However, this observation reflects that households with negative saving rate are unevenly clustered on the non-bonus group …