Explaining Japan's Saving Rate

David W. Campbell
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David W. Campbell: The Jerome Levy Economics Institute

Macroeconomics from EconWPA

Abstract: This paper examines what I believe to be the significant developments in research over the past ten years on Japan's saving. It is a world that has been turned upside down during this period. I hope this paper helps clarify the extraordinary changes that have taken place. The paper is organized as follows. The next section motivates why Japan's saving is important. It is followed by a section which reviews the literature on the standardization of US-Japanese saving rates. Next comes my analysis of the Japan is special argument as applied to saving. After that I look at heterogeneity in saving, an idea which I suspect will dominate the research on Japan's saving for the next several years. Finally I end with a brief summary.

JEL-codes: E (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-pke
Date: 1999-02-05
Note: Type of Document - Acrobate PDF File; prepared on IBM PC; to print on PostScript; pages: 31; figures: included
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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpma:9902004

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