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The degree of judicial enforcement and credit markets : evidence from Japanese household panel data
Horioka, Charles; Sekita, Shizuka - 2009
In this paper, we conduct an empirical analysis of the impact of better judicial enforcement on the probability of being credit rationed, loan size, and the probability of bankruptcy using household-level data from the Japanese Panel Survey of Consumers, conducted by the Institute for Research...
Persistent link: https://www.econbiz.de/10003921866
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The degree of judicial enforcement and credit markets : evidence from Japanese household panel data
Horioka, Charles; Sekita, Shizuka - 2010
"In this paper, we conduct an empirical analysis of the impact of better judicial enforcement on the probability of being credit rationed, loan size, and the probability of bankruptcy using household-level data from the Japanese Panel Survey of Consumers, conducted by the Institute for Research...
Persistent link: https://www.econbiz.de/10003925149
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The degree of judical enforcement and credit markets : evidence from Japanese household panel data
Horioka, Charles; Sekita, Shizuka - In: International review of finance 11 (2011) 2, pp. 245-268
Persistent link: https://www.econbiz.de/10009349177
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The determinants and long-term projections of saving rates in developing Asia
Horioka, Charles; Terada Hagiwara, Akiko - 2011 - May 25, 2010; rev. October 27, 2011
In this paper, we present data on trends over time in domestic saving rates in twelve economies in developing Asia during the 1966-2007 period and analyze the determinants of these trends. We find that domestic saving rates in developing Asia have, in general, been high and rising but that there...
Persistent link: https://www.econbiz.de/10009348943
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The Feldstein-Horioka puzzle or paradox after 44 years : a fallacy of composition
Horioka, Charles - 2024
Persistent link: https://www.econbiz.de/10014494173
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The Feldstein-Horioka puzzle or paradox after 44 Years : a fallacy of composition
Horioka, Charles - 2024
The finding of Feldstein and Horioka (1980) that domestic saving and domestic investment are highly correlated across countries despite the rapid globalization and liberalization of financial markets in recent decades has been regarded as a Puzzle or Paradox. However, in this paper, we show that...
Persistent link: https://www.econbiz.de/10014530303
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The impact of intergenerational transfers on household wealth inequality in Japan and the United States
Niimi, Yoko; Horioka, Charles - 2017
Japan and the United States to examine whether individuals who receive intergenerational transfers from their parents are … children in both Japan and the United States, which in turn is likely to contribute to the persistence or widening of wealth …
Persistent link: https://www.econbiz.de/10011688678
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The wealth decumulation behavior of the retired elderly in Japan: The relative importance of precautionary saving and bequest motives
Niimi, Yoko; Horioka, Charles - 2018
This paper analyzes the determinants of the wealth decumulation behavior of the retired elderly in Japan using unique … expected wealth decumulation rate of the retired elderly, at least in the case of Japan, even though both precautionary saving … burden of parental care may also affect the wealth decumulation behavior of the retired elderly in Japan. Given that parental …
Persistent link: https://www.econbiz.de/10012013653
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Why do children take care of their elderly parents? Are the Japanese any different?
Horioka, Charles; Gahramanov, Emin; Hayat, Aziz; Tang, Xueli - 2017
We conduct a theoretical and empirical analysis of why children live with (or near) their parents and provide care and assistance to them using microdata from a Japanese household survey, the Osaka University Preference Parameter Study. We find that the Japanese are more likely to live with (or...
Persistent link: https://www.econbiz.de/10011688762
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The impact of the age structure of the population on the household saving rate in Japan : a cointegration analysis
Horioka, Charles - 1992
Persistent link: https://www.econbiz.de/10000859991