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Interpolation of Japanʼs Household Consumption during World War II

Author

Listed:
  • Koike, Ryoji

Abstract

This paper reconstructs a comparable series of Japanʼs household consumption in the 1940s, using historical records about household outlays and black-market transactions, and interpolating missing values in the existing statistics. Real outlay in 1945 is estimated at a little less than 50 percent compared to that in 1940, although statistics are missing for 1945. Even considering alternative estimates using other records, real outlay in 1945 is a little more than 50 percent compared to that in 1940. Thus, it is concluded that Japanʼs household consumption in 1945 declined to the level in 1875-1880.

Suggested Citation

  • Koike, Ryoji, 2020. "Interpolation of Japanʼs Household Consumption during World War II," Economic Review, Hitotsubashi University, vol. 71(4), pages 289-316, October.
    • Handle: RePEc:hit:ecorev:v:71:y:2020:i:4:p:289-316
    DOI: 10.15057/70078
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    More about this item

    JEL classification:

    • N35 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy - - - Asia including Middle East
    • D19 - Microeconomics - - Household Behavior - - - Other
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth

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