Download or read book Explaining Japan s Saving Rate written by David W. Campbell and published by . This book was released on 1999 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines what I believe to be the significant developments in research over the past ten years on Japan's saving. It is a world that has been turned upside-down during this period. I hope this paper helps clarify the extraordinary changes that have taken place. The paper is organized as follows. The next section motivates why Japan's saving is important. It is followed by a section which reviews the literature on the standardization of U.S.-Japanese saving rates. Next comes my analysis of the Japan is special argument as applied to saving. After that I look at heterogeneity in saving, an idea which I suspect will dominate the research on Japan's saving for the next several years. Finally I end with a brief summary.
Download or read book Understanding Saving written by Fumio Hayashi and published by MIT Press. This book was released on 1997 with total page 532 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analysis of consumption and saving decisions by households has always been one of the most active areas of research in economics--and with good reason. Private consumption is the most important component of aggregate demand in a capitalist economy, and explaining consumption is the key element in most macroeconomic forecasting models. To evaluate the effect of government policies invariably requires the knowledge of how they change parameters relevant for household decision making. Understanding Saving collects eleven papers by economist Fumio Hayashi, along with two previously unpublished chapters, for a total of thirteen chapters. The monograph, which brings together Hayashi's empirical research on saving, is divided into three sections. Part I, "Liquidity Constraints", contains five studies that test the well-known implication of the Life Cycle-Permanent Income hypothesis that households shield consumption from income fluctuations. Part II, "Risk-Sharing and Altruism", contains three papers that examine the interactions between related and unrelated households predicted by the hypothesis for the US and Japanese households. The three papers in Part III, "Japanese Saving Behavior", present the author's explanation of the high saving rate in postwar Japan.
Download or read book Understanding Japanese Savings written by Robert Dekle and published by Routledge. This book was released on 2004-11-30 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: Chapter the Japanese elderly -- chapter and fundamentals -- chapter aging on future saving, investment, and budget deficits -- chapter immigration in impacting saving, investment, and foreign capital in?ows -- chapter and consumption behavior -- chapter developing countries.
Download or read book Why is Japan s Household Saving Rate So High written by Charles Horioka and published by . This book was released on 1990 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Saving in Postwar Japan written by Tuvia Blumenthal and published by BRILL. This book was released on 2020-10-26 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analyzes the rates and determinants of savings in postwar Japan.
Download or read book Japan s Saving Rate written by Fumio Hayashi and published by . This book was released on 1989 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Japan s Household Savings Rate written by International Monetary Fund and published by International Monetary Fund. This book was released on 1987-01-01 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper develops and tests a model of Japan’s household savings rate, based on the life-cycle hypothesis that the primary motive for savings is provision for retirement. The paper shows that Japan’s high household savings rate in recent decades reflects the positive influence of rapid economic growth, leading to a prolonged retirement period through the wealth and life-expectancy effects of an income change, which has initially outweighed the negative combined influence of improvements in public pension benefits and the aging of the population. It projects that the savings rate will decline substantially in coming decades as the negative influence accelerates.
Download or read book The Saving Rate in Japan written by R. Anton Braun and published by . This book was released on 2007 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper quantifies the role of alternative shocks in accounting for the recent declines in the Japanese saving rate and provides some projections about its future course. We consider three distinct sources of variation in the saving rate: changes in fertility rates, changes in survival rates, and changes in technology. The empirical relevance of these factors is explored using a computable dynamic OLG model. Our model successfully explains historical variation in the saving rate and other aggregate variables including the after-tax real interest rate, hours per worker and output. Model projections indicate that the Japanese saving rate will be much lower in future years and will not recover to levels of 15 percent that were seen as recently as 1990.
Download or read book Macroeconomics and the Japanese Economy written by Hiroshi Yoshikawa and published by Oxford University Press, USA. This book was released on 1995 with total page 502 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work proposes a new approach to macroeconomics which draws upon the experience of the Japanese economy. The approach is similar to the Old Keynesian view: it rejects the Walrasian approach, and singles out real demand as the fundamental determinant of output in the economy as a whole. However, by maintaining that real demand constraints are important not only in the short-run, but in the long-run as well, it goes beyond what is normally understood as the Keynesian approach. It is also very different from the New Keynesian Economics; in particular, it regards the rigidity of nominal wages/prices as of secondary importance. The work is extensively illustrated by almost 200 figures and tables of data.
Download or read book Understanding Japanese Savings written by Robert Dekle and published by Routledge. This book was released on 2004-11-30 with total page 99 pages. Available in PDF, EPUB and Kindle. Book excerpt: Japan's savings are among the highest in the world, and these high rates have played a valuable role throughout the post-war period. However, over the next several decades, Japan's population will be ageing rapidly. Will this lower Japanese savings rates? Using up-to-date financial and demographical data, author Robert Dekle finds that the answer to this question is an emphatic 'yes'. Understanding Japanese Saving holds key lessons for Western nations undergoing similar demographic transformations as well as developing countries looking to establish public savings institutions.
Download or read book Understanding the Decline in Japan s Saving Rate in the New Millennium written by and published by . This book was released on 2010 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Changes in Japanese Household Income Savings and Consumption written by Masato Nakane and published by . This book was released on 2011 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: When Japan experienced high economic growth, its society was characterized by low inequality in income, a high saving rate and a low consumption rate. However, after Japan's transition to slow economic growth, it was said that the society lost income mobility, and the inequality among households deteriorated. In addition, the aggregate household saving rate dropped drastically. Meanwhile, consumption expanded, which gave people more options regarding their expenditure. With this background, this thesis examines the impacts of these changes-- income mobility over time, savings rate changes, and intra-household allocation--using a long run panel data set for Japan. Chapter 1 studies income mobility in Japanese society. Household income mobility at the macro level is measured by six different methods. The results show that as a whole, household income mobility became lower in the long-run. At the micro level, unconditional micro income mobility indicated that it is possible that poorer people would catch up with richer people. Finally, conditional micro income mobility also shows that there exists conditional convergence. In Chapter 2, the causes for the decrease in the aggregate household saving are analyzed. The aggregate time series analysis reveals that the increase in the ratio of the aged population ratio partially explains the sharp decrease in the household saving rate. By using household level panel data, it was found that savings driven by the motive of home ownership could partly account for this decrease in the saving rate. The increasing burden of education expenditure is among the strongest candidates for explaining the change. Finally, some weak indirect evidence in support of the target saving hypothesis is found. In Chapter 3, the characteristics of intra-household allocation are discussed. Using the Slutsky symmetry test, the unitary model could not be rejected for the consumption behavior of one-person households. Meanwhile, the tests for SR1, distribution factor proportionality and linearity indicated that the collective model might explain the consumption behavior of two-person households. Finally, the hypothesis that three-person households could be represented by the collective model for two-person households could not be rejected.
Download or read book The Japanese Economy written by Peter Drysdale and published by Taylor & Francis. This book was released on 2004-11 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Taxation and Household Saving written by Organisation for Economic Co-operation and Development and published by OECD Publishing. This book was released on 1994 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bilingual background report to "Taxation and household saving"/"Fiscalité et épargne des ménages". This questionnaire survey on how different types of savings by households are taxed in each of the OECD countries shows how each country views its own tax system.
Download or read book The Japanese Tax System written by Hiromitsu Ishi and published by Oxford University Press. This book was released on 2001 with total page 454 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides English-speakers with a comprehensive description and incisive critique of the Japanese tax system. The third edition explores the Japanese government's latest round of tax reforms - a reaction to the country's prolonged period of recession following the collapse of the 'bubble' phenomenon in 1991. Two brand new chapters discuss the effect of environmental taxes and land tax reform, and much of the original data and empirical material has been updated.
Download or read book The Japanese Economy written by and published by Oxford University Press. This book was released on 2022-06-02 with total page 529 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Japanese Economy, 4th Edition is for anyone curious about economics, for it is impossible to appreciate economics without vivid examples of its application. This book is also for anyone broadly interested in Japan, for it is impossible to fully understand Japan without learning what basic economics has to say about it, which is much. To know Japan - or any country for that matter - is more than an ability to recite a litany of facts about its history, geography, institutions, and culture. Disciplined thinking is needed to organize the disparate facts into a coherent system that can be grasped whole. Modern economics is the academic discipline underlying this book. The book uses economics and explains it, but without presuming the reader has any prior knowledge of it. The main object of interest is Japan. It starts with Japan's economic history since the late sixteenth century through the twentieth century. It then addresses contemporary topics in Japan's economy, beginning with ones that require an economy - wide perspective - economic growth and the business cycle, exchange rates, and the balance of trade. The discussion then moves on to sectors of the economy: the public sector, industry and trade, the financial system, the labor market, and more. The chapters can be read in any order, but four threads run through all the chapters and link them: Japan's economic growth and development, Japan's integration with the world economy, government policies and their effects, and peculiar economic institutions and practices.
Download or read book Multinational Financial Management written by Alan C. Shapiro and published by John Wiley & Sons. This book was released on 2024-02-28 with total page 674 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides a conceptual framework for analyzing key financial decisions of multinational firms Now in its twelfth edition, Multinational Financial Management provides a comprehensive and up-to-date survey of all essential areas of the international financial market environment, including the determination of the cost of capital for international projects, capital budgeting, financial structure, transfer pricing, risk management, and portfolio investment. Written with the large multinational corporation in mind, this leading textbook offers a wealth of numerical and institutional examples that demonstrate the use of financial analysis and reasoning to solve complex international financial problems. Multinational Financial Management is a self-encompassing treatment of multinational financial management that simplifies complex concepts, provides the theoretical knowledge required to examine decision problems, and supplies the practical analytical techniques needed to clarify the ambiguous guidelines commonly used by international financial executives. Throughout the text, the authors show how the international dimension of finance creates difficulties that are not encountered in domestic finance, such as multiple currencies, segmented capital markets, political risks, and international taxation issues. Multinational Financial Management, Twelfth Edition, remains the ideal textbook for upper-level undergraduate and master's degree courses in International Finance and International Financial Management, as well as bank management, financial management, and other executive development programs.
