ヤマダ トモアキ   Yamada Tomoaki
  山田 知明
   所属   明治大学  商学部
   職種   専任教授
言語種別 英語
発行・発表の年月 2009/11
形態種別 学術雑誌
査読 査読有り
標題 Persistence of Income Shocks and Consumption Inequality: A Case in Japan
執筆形態 単著
掲載誌名 Economics Bulletin
巻・号・頁 29(4),pp.2816-2825
概要 The present study investigate the relationship between the persistence of uninsurable income shocks and consumption inequality over a household's life cycle in Japan. Using a life cycle model with incomplete asset markets and calibrated parameters for the Japanese economy, we quantitatively show that moderate persistence of shocks generate a nonlinear consumption inequality profile over the life cycle. The moderate persistence of shocks well replicates the pattern of consumption inequality in Japan.