MARKET VALUE ESTIMATES OF JAPANESE SAVING AND COMPARISONS WITH THE UNITED-STATES - CAN THE CAPITAL GAINS TO LAND BE INCLUDED IN SAVING

被引:5
|
作者
DEKLE, R
机构
[1] Department of Economics, Boston University, Boston, MA
关键词
SAVINGS; LAND PRICES;
D O I
10.1016/0922-1425(94)90035-3
中图分类号
F [经济];
学科分类号
02 ;
摘要
In this paper, we show that the market value of Japanese saving is much higher than that in the United States. Much of the difference in the market value saving rates comes from the difference in the prices of land in the two countries. We perform several 'consumption-based' tests to show that at least a fraction of the rise in the value of land can be included in the change in wealth or 'saving'.
引用
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页码:27 / 44
页数:18
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