کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
965048 | 930686 | 2009 | 23 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Nonlinear income variance profiles and consumption inequality over the life cycle
دانلود مقاله + سفارش ترجمه
دانلود مقاله ISI انگلیسی
رایگان برای ایرانیان
کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
![عکس صفحه اول مقاله: Nonlinear income variance profiles and consumption inequality over the life cycle Nonlinear income variance profiles and consumption inequality over the life cycle](/preview/png/965048.png)
چکیده انگلیسی
In contrast to many other countries, consumption inequalities in Japan are not constant over household age but increase from around middle age-a fact first highlighted by Ohtake and Saito [Ohtake, F., Saito, M., 1998. Population aging and consumption inequality in Japan. Rev. Income Wealth 44, 361-381]. Given this information, we examine whether this phenomenon is consistent with the standard precautionary saving model developed by Carroll [Carroll, C.D., 1997. Buffer-stock savings and the life cycle/permanent income hypothesis. Quart. J. Econ. 62, 1-56]. Specifically, we investigate: (1) the degree of age dependence of idiosyncratic income risks; and (2) the importance of age dependence for the evolution of inequalities in consumption predicted by the household model of Carroll (1997). We find a strong age dependence of income risks, which creates a nonlinear age-variance profile of income, and the standard precautionary saving model is consistent with the observed consumption inequalities as long as we take the nonlinearity in age-variance profiles of income into account.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of the Japanese and International Economies - Volume 23, Issue 3, September 2009, Pages 344-366
Journal: Journal of the Japanese and International Economies - Volume 23, Issue 3, September 2009, Pages 344-366
نویسندگان
Naohito Abe, Tomoaki Yamada,