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Both young and old consumers appear to dissave too little for their behaviour to be consistent with a strict life cycle model. We concentrate on young households and document their behaviour drawing from Italian and Japanese data. We also provide a theoretical set-up which can account for the...
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households, focusing on the dramatic change of the household savings behavior since 1998, from high to low savings. Existing … connected to monetary policy. It finds that monetary policy has had a significant impact on Japan's household behavior via three …This paper scrutinizes the role of prolonged, expansionary monetary policy on the savings behavior of Japanese …
Persistent link: https://www.econbiz.de/10011992802
aggregate household saving rates in Japan, China, and India. The observed age distributions help explain the contrasting saving … lower household saving rates in Japan and China …We present a model of household life-cycle saving decisions in order to quantify the impact of demographic changes on …
Persistent link: https://www.econbiz.de/10012457114
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families in Japan, and the distribution of wealth within Japanese cohorts by household composition. The central point of …This paper is a critique of the literature on transfer wealth accumulation in Japan during the postwar period. The … evidence (contrary to popular belief) of a relationship between household composition and the wealth …
Persistent link: https://www.econbiz.de/10014190039