Detail An Empirical Re-Evaluation of Wealth Effect in Japanese Household Behavior   Oleh:  Ogawa, Kazuo ; Kitasaka, Shin-ichi ; Yamaoka, Hiroshi ; Iwata, Yasuharu Jenis: Article from Bulletin/Magazine Dalam koleksi: JAPAN AND THE WORLD ECONOMY vol. 8 no. 4 (1996), page 423-442. Topik: WEALTH; re - evaluation; wealth effect; householf behaviour Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ47.6 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel This study investigates empirically the role of wealth in the behaviour of Japanese households from two standpoints. One is concerned with what types of wealth are relevant in consumption decision by households. The other is which component of consumption spending is affected by wealth. We find that the liquid financial wealth appears as a significant explanatory variable in expenditure function of many commodity groups as well as total consumption. It turns out that variations of liquid wealth are responsible for about one third of the change in aggregate consumption in the boom period starting from the middle of 1980 s. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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