Japan's intertemporal elasticity of substitution of consumption

被引：0
|
作者：
Tamechika, Hanae [1 ]
Fuse, Masaaki [2 ]
机构：
[1] Nagoya City Univ, Grad Sch Econ, Nagoya, Aichi, Japan
[2] Kindai Univ, Fac Business Adm, Osaka, Japan
来源：
APPLIED ECONOMICS LETTERS | 2022年 / 29卷 / 06期
基金：
日本学术振兴会;
关键词：
Intertemporal elasticity of substitution; consumption; generalized method of moments; post-bubble economy;
D O I：
10.1080/13504851.2021.1873904
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This study estimates the intertemporal elasticity of substitution (IES) of consumption in Japan, using the latest available data and considering structural changes. Our findings suggest that the IES during the post-bubble economy was greater than what it was until the end of the bubble economy. As a result of an increase in savings as a waiting option in conjunction with a precautionary savings motive, elasticity of intertemporal substitution has increased considerably since the bubble period.
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页码：508 / 513
页数：6
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