The Target Wealth Hypothesis and Japan's Household Saving
Kazuo Sato
Japanese Economy, 1997, vol. 25, issue 1, 36-66
Abstract:
It is true that individuals formulate and implement their consumption-saving plans based on the expected economic environment. As the economic environment is always in a state of flux, individuals must keep on revising their plans as they go along. The question is: How do they revise their plans in real life?
Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:mes:jpneco:v:25:y:1997:i:1:p:36-66
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DOI: 10.2753/JES1097-203X250136
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