The Japanese saving rate between 1960 and 2000: Productivity, policy changes, and demographics

Economic Theory

Volumn 32, Issue 1, 2007, Pages 87-104

  Chen, Kaiji ^a   Imrohoroǧlu, Ayşe ^b   Imrohoroǧlu, Selahattin ^b  

^a UNIVERSITY OF OSLO   (Norway)

^b UNIVERSITY OF SOUTHERN CALIFORNIA   (United States)

Author keywords

Calibration; Japan; Overlapping generations; Saving rate

Indexed keywords

EID: 34247330564     PISSN: 09382259     EISSN: 14320479     Source Type: Journal    
DOI: 10.1007/s00199-006-0200-9     Document Type: Conference Paper

References (21)

1. Abridged Life Tables For Japan: Statistics and Information Department, Ministry of Health, Labour and Welfare (2002)
2. Ando, A., Moro, A.: Demographic dynamics, labor force participation and household asset accumulation: case of Japan. NBER Working Papers 5261, National Bureau of Economic Research, Inc (1995)
3. Auerbach, A., Kotlikoff, L.: Dynamic Fiscal Policy. Cambridge University Press, Cambridge (1987)
4. Bosworth, B., Burtless, G., Sabelhaus, J.: The decline in saving: some microeconomic evidence. Brookings Papers on Economic Activity, vol. 1991, no. 1 (1991)
5. Braun, A., Ikeda, D., Joines, D.: Saving and interest rates in Japan: why they have fallen and why they will remain low. USC Working paper (2004)
6. Chen, K., İmrohoroǧlu, A., İmrohoroǧlu, S.: The Japanese saving rate. Am Econ Rev 96(5), 1850-1858 (2006)
7. Cole, H., Ohanian, L.: The great U.K. depression: a puzzle and possible resolution. Rev Econ Dyn 5(1), 19-44 (2002)
8. Cole, H., Ohanian, L.: New deal policies and persistence of the great depression: a general equilibrium analysis. J Polit Econ (forthcoming) (2004)
9. Cooley, T., Ohanian, L.: Postwar British Economic Growth and the Legacy of Keynes. J Polit Econ 105, 439-472 (1997)
10. Kotlikoff, L., Gokhale, J., Sabelhaus, J.: Understanding the postwar decline in United States saving: a cohort analysis. The Brookings Papers on Economic Activity (1996)
11. Hansen, G., İmrohoroǧlu, S.: Consumption over the life cycle: the role of annuities. Working paper (2005)
12. Hayashi, F., Ito, T., Slemrod, J.: Housing finance imperfections and national saving: a comparative simulation analysis of the U.S. and Japan. J Japanese Int Econ 2, 215-238 (1988)
13. Hayashi, F., Prescott, E.: The 1990s in Japan: alost decade. Federal Reserve Bank of Minneapolis, Working Paper No 607 (2003)
14. İmrohoroǧlu, A., İmrohoroǧlu, S., Joines, D.: Social security in an overlapping generations economy with land. Rev Econ Dyn 2, 638-665 (1999)
15. Kehoe, T., Prescott, E.: Great depressions of the 20th century. Rev Econ Dyn 5, 1-18 (2002)
16. Mendoza, Razin, Tesar, L.: Effective tax rates in macroeconomics: cross country estimates of tax rates on factor incomes and consumption. J Monet Econ (1994)
17. Ohanian, L.: The macroeconomic effects of war finance in the United States: World War II and the Korean War Am Econ Rev 87, 23-40 (1997)
18. Oshio, T., Yashiro, N.: Social security and retirement in Japan. NBER Working Paper No. W6156 (1997)
19. Prescott, E.: Why do Americans Work So Much More Than Europeans? Federal Reserve Bank of Minneapolis Research Department Staff Report 321 (2003)
20. Summers, L., Carroll, C.: Why is U.S. National Saving So Low? The Brookings Papers on Economic Activity, vol. 1987, no. 2 (1987)
21. Wakabayashi, M., Horioka, C.: Borrowing constraints and consumption behavior in Japan. NBER Working paper W11560 (2005)