Skip to main navigation Skip to main content
info(at)avldigital.remove-this.de
Deutsch English
Narrow Search
Search narrowed by
Last searches

Results for *

Displaying results 1 to 2 of 2.

  1. Borrowing constraints and consumption behavior in Japan
    Published: Aug. 2005
    Publisher:  Inst. of Social and Economic Research, Osaka Univ., Osaka

    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... more

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    W 371 (640)
    Inter-library loan:
    No inter-library loan

     

    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.

     
    Export to reference management software   RIS file
      BibTeX file
    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/92836
    Series: Discussion paper / Institute of Social and Economic Research, Osaka University ; 640
    Subjects: Verbraucherkredit; Kreditwürdigkeit; Konsumentenverhalten; Lebenszyklus; Einkommenshypothese; Japan; Theorie-Praxis-Verhältnis; Loans; Consumption (Economics)
    Scope: Online-Ressource, 41 p., text, ill
  2. Borrowing constraints and consumption behavior in Japan
    Author: Wakabayashi, Midori; Horioka, Charles
    Published: 2005
    Publisher:  National Bureau of Economic Research, Cambridge, Mass.

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    W 1 (11560)
    Inter-library loan:
    Unlimited inter-library loan, copies and loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    Series: NBER working paper series ; 11560
    Subjects: Verbraucherkredit; Kreditwürdigkeit; Konsumentenverhalten; Lebenszyklus; Einkommenshypothese; Japan; Theorie-Praxis-Verhältnis; Consumption (Economics); Loans
    Scope: 41 S, graph. Darst
    Notes:

    Literaturverz. S. 29 - 30

    Internetausg.: papers.nber.org/papers/w11560.pdf - lizenzpflichtig