skip to content
Do borrowing constraints matter? : an analysis of why the permanent income hypothesis does not apply in Japan Preview this item
ClosePreview this item
Checking...

Do borrowing constraints matter? : an analysis of why the permanent income hypothesis does not apply in Japan

Author: Miki Kohara; Charles Horioka; National Bureau of Economic Research.
Publisher: Cambridge, Mass. : National Bureau of Economic Research, 2006.
Series: Working paper series (National Bureau of Economic Research), no. 12330.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
"We use micro data on young married households from the Japanese Panel Survey of Consumers in order to analyze the importance of borrowing constraints in Japan. We find (1) that 8 to 15 percent of young married Japanese households are borrowing-constrained, (2) that household assets and the husband's educational attainment are the most important determinants of whether or not a household is borrowing-constrained,  Read more...
Rating:

(not yet rated) 0 with reviews - Be the first.

Subjects
More like this

 

Find a copy online

Find a copy in the library

&AllPage.SpinnerRetrieving; Finding libraries that hold this item...

Details

Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Miki Kohara; Charles Horioka; National Bureau of Economic Research.
OCLC Number: 70184963
Description: 1 online resource (1 volume).
Series Title: Working paper series (National Bureau of Economic Research), no. 12330.
Responsibility: Miki Kohara, Charles Yuji Horioka.

Abstract:

"We use micro data on young married households from the Japanese Panel Survey of Consumers in order to analyze the importance of borrowing constraints in Japan. We find (1) that 8 to 15 percent of young married Japanese households are borrowing-constrained, (2) that household assets and the husband's educational attainment are the most important determinants of whether or not a household is borrowing-constrained, and (3) that the Euler equation implication is rejected for both the full sample and for the subsample of unconstrained households. These results suggest that the life cycle/permanent income hypothesis does not apply in Japan and that the presence of borrowing constraints is not the main reason why it does not apply"--National Bureau of Economic Research web site.

Reviews

User-contributed reviews
Retrieving GoodReads reviews...
Retrieving DOGObooks reviews...

Tags

Be the first.
Confirm this request

You may have already requested this item. Please select Ok if you would like to proceed with this request anyway.

Linked Data


Primary Entity

<http://www.worldcat.org/oclc/70184963> # Do borrowing constraints matter? : an analysis of why the permanent income hypothesis does not apply in Japan
    a schema:MediaObject, schema:Book, schema:CreativeWork ;
   library:oclcnum "70184963" ;
   library:placeOfPublication <http://id.loc.gov/vocabulary/countries/mau> ;
   library:placeOfPublication <http://experiment.worldcat.org/entity/work/data/412367027#Place/cambridge_mass> ; # Cambridge, Mass.
   schema:about <http://id.worldcat.org/fast/1204082> ; # Japan.
   schema:about <http://experiment.worldcat.org/entity/work/data/412367027#Topic/young_adults_japan_finance_personal> ; # Young adults--Japan--Finance, Personal
   schema:about <http://id.worldcat.org/fast/1001061> ; # Loans--Mathematical models
   schema:about <http://experiment.worldcat.org/entity/work/data/412367027#Topic/loans_japan_mathematical_models> ; # Loans--Japan--Mathematical models
   schema:about <http://dewey.info/class/330/> ;
   schema:about <http://id.worldcat.org/fast/1183211> ; # Young adults--Finance, Personal
   schema:bookFormat schema:EBook ;
   schema:contributor <http://viaf.org/viaf/93855644> ; # Charles Horioka
   schema:contributor <http://viaf.org/viaf/135446122> ; # National Bureau of Economic Research.
   schema:creator <http://viaf.org/viaf/62691828> ; # Miki Kohara
   schema:datePublished "2006" ;
   schema:description ""We use micro data on young married households from the Japanese Panel Survey of Consumers in order to analyze the importance of borrowing constraints in Japan. We find (1) that 8 to 15 percent of young married Japanese households are borrowing-constrained, (2) that household assets and the husband's educational attainment are the most important determinants of whether or not a household is borrowing-constrained, and (3) that the Euler equation implication is rejected for both the full sample and for the subsample of unconstrained households. These results suggest that the life cycle/permanent income hypothesis does not apply in Japan and that the presence of borrowing constraints is not the main reason why it does not apply"--National Bureau of Economic Research web site."@en ;
   schema:exampleOfWork <http://worldcat.org/entity/work/id/412367027> ;
   schema:inLanguage "en" ;
   schema:isPartOf <http://experiment.worldcat.org/entity/work/data/412367027#Series/nber_working_paper_series> ; # NBER working paper series ;
   schema:isPartOf <http://experiment.worldcat.org/entity/work/data/412367027#Series/working_paper_series_national_bureau_of_economic_research> ; # Working paper series (National Bureau of Economic Research) ;
   schema:name "Do borrowing constraints matter? : an analysis of why the permanent income hypothesis does not apply in Japan"@en ;
   schema:productID "70184963" ;
   schema:publication <http://www.worldcat.org/title/-/oclc/70184963#PublicationEvent/cambridge_mass_national_bureau_of_economic_research_2006> ;
   schema:publisher <http://experiment.worldcat.org/entity/work/data/412367027#Agent/national_bureau_of_economic_research> ; # National Bureau of Economic Research
   schema:url <http://papers.nber.org/papers/w12330> ;
   schema:url <http://0-papers.nber.org.biblio.eui.eu/papers/> ;
   schema:url <http://ezproxy.eui.eu/login?url=http://papers.nber.org/papers/> ;
   wdrs:describedby <http://www.worldcat.org/title/-/oclc/70184963> ;
    .


Related Entities

<http://experiment.worldcat.org/entity/work/data/412367027#Agent/national_bureau_of_economic_research> # National Bureau of Economic Research
    a bgn:Agent ;
   schema:name "National Bureau of Economic Research" ;
    .

<http://experiment.worldcat.org/entity/work/data/412367027#Place/cambridge_mass> # Cambridge, Mass.
    a schema:Place ;
   schema:name "Cambridge, Mass." ;
    .

<http://experiment.worldcat.org/entity/work/data/412367027#Series/nber_working_paper_series> # NBER working paper series ;
    a bgn:PublicationSeries ;
   schema:hasPart <http://www.worldcat.org/oclc/70184963> ; # Do borrowing constraints matter? : an analysis of why the permanent income hypothesis does not apply in Japan
   schema:name "NBER working paper series ;" ;
    .

<http://experiment.worldcat.org/entity/work/data/412367027#Series/working_paper_series_national_bureau_of_economic_research> # Working paper series (National Bureau of Economic Research) ;
    a bgn:PublicationSeries ;
   schema:hasPart <http://www.worldcat.org/oclc/70184963> ; # Do borrowing constraints matter? : an analysis of why the permanent income hypothesis does not apply in Japan
   schema:name "Working paper series (National Bureau of Economic Research) ;" ;
    .

<http://id.worldcat.org/fast/1001061> # Loans--Mathematical models
    a schema:Intangible ;
   schema:name "Loans--Mathematical models"@en ;
    .

<http://id.worldcat.org/fast/1183211> # Young adults--Finance, Personal
    a schema:Intangible ;
   schema:name "Young adults--Finance, Personal"@en ;
    .

<http://id.worldcat.org/fast/1204082> # Japan.
    a schema:Place ;
   schema:name "Japan." ;
    .

<http://viaf.org/viaf/135446122> # National Bureau of Economic Research.
    a schema:Organization ;
   schema:name "National Bureau of Economic Research." ;
    .

<http://viaf.org/viaf/62691828> # Miki Kohara
    a schema:Person ;
   schema:familyName "Kohara" ;
   schema:givenName "Miki" ;
   schema:name "Miki Kohara" ;
    .

<http://viaf.org/viaf/93855644> # Charles Horioka
    a schema:Person ;
   schema:familyName "Horioka" ;
   schema:givenName "Charles" ;
   schema:name "Charles Horioka" ;
    .

<http://www.worldcat.org/title/-/oclc/70184963>
    a genont:InformationResource, genont:ContentTypeGenericResource ;
   schema:about <http://www.worldcat.org/oclc/70184963> ; # Do borrowing constraints matter? : an analysis of why the permanent income hypothesis does not apply in Japan
   schema:dateModified "2017-12-22" ;
   void:inDataset <http://purl.oclc.org/dataset/WorldCat> ;
    .


Content-negotiable representations

Close Window

Please sign in to WorldCat 

Don't have an account? You can easily create a free account.