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The Target Wealth Hypothesis and Japan's Household Saving

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  • Kazuo Sato

Abstract

It is true that individuals formulate and implement their consumption-saving plans based on the expected economic environment. As the economic environment is always in a state of flux, individuals must keep on revising their plans as they go along. The question is: How do they revise their plans in real life?

Suggested Citation

  • Kazuo Sato, 1997. "The Target Wealth Hypothesis and Japan's Household Saving," Japanese Economy, Taylor & Francis Journals, vol. 25(1), pages 36-66.
    • Handle: RePEc:mes:jpneco:v:25:y:1997:i:1:p:36-66
    DOI: 10.2753/JES1097-203X250136
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