IDEAS home Printed from https://ideas.repec.org/a/bla/revinw/v44y1998i3p361-81.html
   My bibliography  Save this article

Population Aging and Consumption Inequality in Japan

Author

Listed:
  • Ohtake, Fumio
  • Saito, Makoto

Abstract

This paper analyzes how consumption inequality within a fixed cohort grows with age using Japanese household microdata. Following the method developed by A. Deaton and C. Paxson (1994), the authors obtain the following results: first, consumption inequality starts to increase at the age of forty; second, younger generations face a more unequal distribution from the beginning of their life-cycle; and third, half of the rapid increase in the economywide consumption inequality during the 1980s was caused by population aging, while one-third was due to the increasing cohort effect. The paper compares the above results with those of Deaton and Paxson. Copyright 1998 by The International Association for Research in Income and Wealth.

Suggested Citation

  • Ohtake, Fumio & Saito, Makoto, 1998. "Population Aging and Consumption Inequality in Japan," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 44(3), pages 361-381, September.
  • Handle: RePEc:bla:revinw:v:44:y:1998:i:3:p:361-81
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Kyureghian, Gayaneh & Soler, Louis-Georges, 2016. "Life Cycle Consumption of Food: Evidence from French Data," 2016 Annual Meeting, July 31-August 2, 2016, Boston, Massachusetts 236785, Agricultural and Applied Economics Association.
    2. Kakamu, Kazuhiko & Fukushige, Mototsugu, 2005. "Divergence or convergence?: Income inequality between cities, towns and villages in Japan," Japan and the World Economy, Elsevier, vol. 17(4), pages 407-416, December.
    3. Yamada, Tomoaki, 2013. "Cross-sectional Facts in Japan using Keio Household Panel Survey," MPRA Paper 49813, University Library of Munich, Germany.
    4. Yamada, Tomoaki, 2012. "Income risk, macroeconomic and demographic change, and economic inequality in Japan," Journal of Economic Dynamics and Control, Elsevier, vol. 36(1), pages 63-84.
    5. Yamada, Tomoaki, 2011. "A politically feasible social security reform with a two-tier structure," Journal of the Japanese and International Economies, Elsevier, vol. 25(3), pages 199-224, September.
    6. Fumio OHTAKE, 2008. "Inequality in Japan," Asian Economic Policy Review, Japan Center for Economic Research, vol. 3(1), pages 87-109.
    7. Jeremy Lise & Nao Sudo & Michio Suzuki & Ken Yamada & Tomoaki Yamada, 2014. "Wage, Income and Consumption Inequality in Japan, 1981-2008: from Boom to Lost Decades," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 17(4), pages 582-612, October.
    8. Takeo Hori, 2009. "Inequality and growth: the roles of life expectancy and relative consumption," Journal of Economics, Springer, vol. 96(1), pages 19-40, January.
    9. Sung-Jin Kang & Robert Rudolf, 2016. "Rising Or Falling Inequality In Korea? Population Aging And Generational Trends," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 61(05), pages 1-26, December.
    10. Saito, Makoto, 1999. "Dynamic Allocation and Pricing in Incomplete Markets: A Survey," Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, vol. 17(1), pages 45-75, May.
    11. Xinxin Wang & Kevin Z Chen, 2016. "Will China’s Demographic Transition Exacerbate Its Income Inequality? A CGE Modeling with Top-down Microsimulation," Working Papers id:11406, eSocialSciences.
    12. Futoshi Yamauchi-K., 2000. "Labor Earnings Inequality and Learning About Individual Ability: Theory and Evidence from Japan and the United States," Econometric Society World Congress 2000 Contributed Papers 0782, Econometric Society.
    13. Yamauchi K., Futoshi, 2001. "Does inequality of labor earnings emerge in young days or later? : Labor earnings dynamics and learning about individual ability in heterogeneous society," Journal of Economic Behavior & Organization, Elsevier, vol. 44(4), pages 413-434, April.
    14. Konow, James & Saijo, Tatsuyoshi & Akai, Kenju, 2016. "Equity versus Equality," MPRA Paper 75376, University Library of Munich, Germany.
    15. Wang, Xinxin & Chen, Kevin Z. & Robinson, Sherman & Huang, Zuhui, 2016. "Will China’s demographic transition exacerbate its income inequality? A CGE modeling with top-down microsimulation:," IFPRI discussion papers 1560, International Food Policy Research Institute (IFPRI).
    16. Ryo Arawatari & Tetsuo Ono, 2008. "Aging, Inequality and Social Security," Discussion Papers in Economics and Business 08-19, Osaka University, Graduate School of Economics and Osaka School of International Public Policy (OSIPP).
    17. Abe, Naohito & Yamada, Tomoaki, 2009. "Nonlinear income variance profiles and consumption inequality over the life cycle," Journal of the Japanese and International Economies, Elsevier, vol. 23(3), pages 344-366, September.
    18. Kenji Miyazaki & Kiyohiko G. Nishimura & Makoto Saito, 2009. "Incomplete Financial Markets, Irreversibility Of Investments And Fiscal And Monetary Policy Instruments," The Japanese Economic Review, Japanese Economic Association, vol. 60(3), pages 271-300.
    19. Tomoaki Yamada, 2009. "Persistence of income shocks and consumption inequality: A case in Japan," Economics Bulletin, AccessEcon, vol. 29(4), pages 2822-2831.
    20. Nao Sudo & Michio Suzuki & Tomoaki Yamada, 2012. "Inequalities in Japanese Economy during the Lost Decades," CIRJE F-Series CIRJE-F-856, CIRJE, Faculty of Economics, University of Tokyo.
    21. Motonishi, Taizo, 2006. "Why has income inequality in Thailand increased?: An analysis using surveys from 1975 to 1998," Japan and the World Economy, Elsevier, vol. 18(4), pages 464-487, December.
    22. repec:sek:jijoes:v:6:y:2017:i:2:p:82-99 is not listed on IDEAS
    23. Vere, James P, 2005. "Education, Development, and Wage Inequality: The Case of Taiwan," Economic Development and Cultural Change, University of Chicago Press, vol. 53(3), pages 711-735, April.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:revinw:v:44:y:1998:i:3:p:361-81. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing) or (Christopher F. Baum). General contact details of provider: http://edirc.repec.org/data/iariwea.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.