Kohara, Miki; Ohtake, Fumio; Saito, Makoto - Graduate School of Economics, Hitotsubashi University - 2001
Exploiting the panel data structure of the Family Income and Expenditure Survey, compiled from 1989 to 1997 by the Japanese Bureau of Statistics, this paper explores how effectively idiosyncratic shocks are shared among consumers in Japan. Tests are conducted for the total consumption, together...