The Japanese Saving Rate
Despite much work, economists have not been able to quantitatively account for the differences in the Japanese and U.S. saving rates after World War II. In this paper, we show that the use of actual Japanese total factor productivity growth rates in a standard growth model generates saving rates that are reasonably similar to the Japanese data between 1956 and 2000. (JEL E21, E22, O41, O47)
Volume (Year): 96 (2006)
Issue (Month): 5 (December)
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"Saving and Interest Rates in Japan:Why They Have Fallen and Why They Will Remain Low,"
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625, Society for Economic Dynamics.
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- R. Anton Braun & Daisuke Ikeda & Douglas H. Joines, 2005. "Saving and Interest Rates in Japan: Why They Have Fallen and Why They Will Remain Low," CIRJE F-Series CIRJE-F-328, CIRJE, Faculty of Economics, University of Tokyo.
- R. Anton Braun & Daisuke Ikeda & Douglas H. Joines, 2005. "Saving and Interest Rates in Japan: Why They Have Fallen and Why They Will Remain Low," CARF F-Series CARF-F-028, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.
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244421, Stanford University, Center for Economic Policy Research.
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- Lawrence J. Christiano, 1989. "Understanding Japan's saving rate: the reconstruction hypothesis," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Spr, pages 10-25.
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