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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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DOI: 10.2753/JES1097-203X250136

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