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Effects of Individual Resident Tax on the Consumption of Near-Retired Households in Japan

Toshiyuki Uemura (), Yoshimi Adachi () and Tomoki Kitamura ()
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Toshiyuki Uemura: School of Economics, Kwansei Gakuin University
Yoshimi Adachi: Department of Economics, Konan University
Tomoki Kitamura: Finance Research Group, NLI-Research Institute

No 161, Discussion Paper Series from School of Economics, Kwansei Gakuin University

Abstract: We empirically investigate whether the Japanese individual resident tax causes a reduction in the consumption of near-retired households. In contrast to the income tax, the individual resident tax is levied on income from the previous year, and we found it has a negative effect on the consumption of three types of near-retired households: those who maintain regular employment, who move from regular to irregular employment, and who move from employment (regular, irregular, or self) to unemployment. Particularly, for the second type, the individual resident tax caused a larger reduction in household consumption

Keywords: Individual resident tax; Consumption; Retirement; Life-Cycle model; Panel data (search for similar items in EconPapers)
JEL-codes: D12 D91 E21 H24 H31 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-mac, nep-pbe and nep-pub
Date: 2017-05, Revised 2017-05
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