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作者

来源

来源 JOURNAL OF URBAN ECONOMICS,Vol.54,P.494-509

语言

英文

关键字

D91;E21;R21;Housing purchase;Targeted saving;Distortion;Simultaneity

作者单位

Faculty of Economics, Kanagawa University, 3-27-1 Rokkakubashi, Kanagawa-ku, Yokohama 221-8686, Japan"}]}]}],"floats":[],"footnotes":[],"affiliations":{"aep-affiliation-id3":{"#name":"affiliation","$":{"id":"aep-affiliation-id3;Faculty of Economics, Kanagawa University, 3-27-1 Rokkakubashi, Kanagawa-ku, Yokohama 221-8686, Japan"}]}},"attachments":[],"correspondences":{},"scopusAuthorIds":{},"articles":{}},"authorMetadata":[],"banner":{"expanded":false},"biographies":{},"body":{},"browser":{"name":"IE","engine":"Trident

摘要

This paper examines the extent to which wealth accumulation for housing purchase increases household savings and suppresses consumption. The study employs an estimation method based on simultaneous equations with limited dependent variables developed by Nelson and Olson to examine the relationship between wealth accumulation and housing purchase plans, using data relating to young Japanese renters. The estimation results provide evidence that young Japanese households severely reduce their consumption by around 30–40 percent.