Borrowing constraints and consumption behavior in Japan:
"In this paper, we use Japanese micro data to examine what characteristics borrowing-constrained households have and whether borrowing constraints have an important influence on household consumption behavior. We identify borrowing-constrained households using three different indicators, some o...
Gespeichert in:
| Hauptverfasser: | , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Cambridge, Mass.
National Bureau of Economic Research
2005
|
| Schriftenreihe: | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series
11560 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | "In this paper, we use Japanese micro data to examine what characteristics borrowing-constrained households have and whether borrowing constraints have an important influence on household consumption behavior. We identify borrowing-constrained households using three different indicators, some of which are unique to our data source, and find that the characteristics of households that are likely to be borrowing-constrained differ depending on which of the three indicators we use. We also find that changes in current income have a positive and significant impact on changes in consumption in the case of households that are likely to be borrowing-constrained but not in the case of households that are unlikely to be borrowing-constrained. This result suggests that borrowing constraints have an important influence on household consumption behavior and that the presence of borrowing constraints is one explanation for why the life cycle-permanent income hypothesis does not hold in the real world"--National Bureau of Economic Research web site. |
| Beschreibung: | 41 S. graph. Darst. |
Internformat
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| 490 | 1 | |a National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |v 11560 | |
| 520 | 3 | |a "In this paper, we use Japanese micro data to examine what characteristics borrowing-constrained households have and whether borrowing constraints have an important influence on household consumption behavior. We identify borrowing-constrained households using three different indicators, some of which are unique to our data source, and find that the characteristics of households that are likely to be borrowing-constrained differ depending on which of the three indicators we use. We also find that changes in current income have a positive and significant impact on changes in consumption in the case of households that are likely to be borrowing-constrained but not in the case of households that are unlikely to be borrowing-constrained. This result suggests that borrowing constraints have an important influence on household consumption behavior and that the presence of borrowing constraints is one explanation for why the life cycle-permanent income hypothesis does not hold in the real world"--National Bureau of Economic Research web site. | |
| 650 | 4 | |a Consumption (Economics) |z Japan | |
| 650 | 4 | |a Loans |z Japan | |
| 700 | 1 | |a Horioka, Charles |d 1956- |e Verfasser |0 (DE-588)128889950 |4 aut | |
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Datensatz im Suchindex
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| id | DE-604.BV021268343 |
| illustrated | Illustrated |
| index_date | 2024-07-02T13:43:47Z |
| indexdate | 2024-07-09T20:34:17Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-014589502 |
| oclc_num | 61900797 |
| open_access_boolean | 1 |
| owner | DE-703 DE-521 DE-19 DE-BY-UBM |
| owner_facet | DE-703 DE-521 DE-19 DE-BY-UBM |
| physical | 41 S. graph. Darst. |
| publishDate | 2005 |
| publishDateSearch | 2005 |
| publishDateSort | 2005 |
| publisher | National Bureau of Economic Research |
| record_format | marc |
| series | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |
| series2 | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |
| spelling | Wakabayashi, Midori 1974- Verfasser (DE-588)130302503 aut Borrowing constraints and consumption behavior in Japan Midori Wakabayashi ; Charles Yuji Horioka Cambridge, Mass. National Bureau of Economic Research 2005 41 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 11560 "In this paper, we use Japanese micro data to examine what characteristics borrowing-constrained households have and whether borrowing constraints have an important influence on household consumption behavior. We identify borrowing-constrained households using three different indicators, some of which are unique to our data source, and find that the characteristics of households that are likely to be borrowing-constrained differ depending on which of the three indicators we use. We also find that changes in current income have a positive and significant impact on changes in consumption in the case of households that are likely to be borrowing-constrained but not in the case of households that are unlikely to be borrowing-constrained. This result suggests that borrowing constraints have an important influence on household consumption behavior and that the presence of borrowing constraints is one explanation for why the life cycle-permanent income hypothesis does not hold in the real world"--National Bureau of Economic Research web site. Consumption (Economics) Japan Loans Japan Horioka, Charles 1956- Verfasser (DE-588)128889950 aut Erscheint auch als Internetausgabe National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 11560 (DE-604)BV002801238 11560 http://papers.nber.org/papers/w11560.pdf kostenfrei Volltext |
| spellingShingle | Wakabayashi, Midori 1974- Horioka, Charles 1956- Borrowing constraints and consumption behavior in Japan National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series Consumption (Economics) Japan Loans Japan |
| title | Borrowing constraints and consumption behavior in Japan |
| title_auth | Borrowing constraints and consumption behavior in Japan |
| title_exact_search | Borrowing constraints and consumption behavior in Japan |
| title_exact_search_txtP | Borrowing constraints and consumption behavior in Japan |
| title_full | Borrowing constraints and consumption behavior in Japan Midori Wakabayashi ; Charles Yuji Horioka |
| title_fullStr | Borrowing constraints and consumption behavior in Japan Midori Wakabayashi ; Charles Yuji Horioka |
| title_full_unstemmed | Borrowing constraints and consumption behavior in Japan Midori Wakabayashi ; Charles Yuji Horioka |
| title_short | Borrowing constraints and consumption behavior in Japan |
| title_sort | borrowing constraints and consumption behavior in japan |
| topic | Consumption (Economics) Japan Loans Japan |
| topic_facet | Consumption (Economics) Japan Loans Japan |
| url | http://papers.nber.org/papers/w11560.pdf |
| volume_link | (DE-604)BV002801238 |
| work_keys_str_mv | AT wakabayashimidori borrowingconstraintsandconsumptionbehaviorinjapan AT horiokacharles borrowingconstraintsandconsumptionbehaviorinjapan |