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In this paper, we first provide a brief exposition of the simplest version of the selfish life cycle model or hypothesis, which is undoubtedly the most widely used theoretical model of household behavior in economics, and then survey the literature on household saving behavior in Japan (with...
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socio-economic groups? What is the impact of mortgage debt on access to homeownership and wealth accumulation, and on debt … questions: i) How is homeownership and housing tenure distributed across the population along various socio … across socio-economic groups? ii) What is the incidence of mortgage debt across households and how does this vary across …
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