Article ID Journal Published Year Pages File Type
965409 Journal of the Japanese and International Economies 2012 29 Pages PDF
Abstract
► We utilize a bonus payment reform in Japan as a natural experiment. ► Monthly expenditures appear to be significantly affected by the anticipated reform. ► The excess sensitivity is observed only for expenditure categories with durability.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Do households smooth expenditure over anticipated income changes? Evidence from bonus payments to public employees in Japan
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