Yamada, Tomoaki (2013): Cross-sectional Facts in Japan using Keio Household Panel Survey.
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Abstract
We investigate economic inequalities of Japanese economy from 2004 to 2012 using the Keio household panel survey. We present cross-sectional dispersion earnings, consumption expenditure, and wealth inequalities from time-series and life cycle dimensions. Wage and hours inequalities, which are calculated from the earnings of male and female, full-time and part-time workers and correlations are provided. We also show that the residual inequalities, which are usually interpreted as idiosyncratic income risks that households face, rise over the life cycle.
Item Type: | MPRA Paper |
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Original Title: | Cross-sectional Facts in Japan using Keio Household Panel Survey |
English Title: | Cross-sectional Facts in Japan using Keio Household Panel Survey |
Language: | English |
Keywords: | Economic inequality; Wage; Hours worked; Consumption; Wealth |
Subjects: | D - Microeconomics > D1 - Household Behavior and Family Economics > D12 - Consumer Economics: Empirical Analysis D - Microeconomics > D3 - Distribution > D31 - Personal Income, Wealth, and Their Distributions E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy > E21 - Consumption ; Saving ; Wealth |
Item ID: | 49813 |
Depositing User: | Professor Tomoaki Yamada |
Date Deposited: | 14 Sep 2013 10:38 |
Last Modified: | 28 Sep 2019 19:24 |
References: | Abe, N. and T. Yamada (2009),"Nonlinear Income Variance Profile and Consumption Inequality over the Life Cycle," Journal of the Japanese and International Economies, 23, 344--366. Blundell, R., L. Pistaferri, and I. Preston (2008), "Consumption Inequality and Partial Insurance," American Economic Review, 98, 1887--1921. Cunha, F., J. Heckman, and S. Navarro (2005), "Separating Uncertainty from Heterogeneity in Life Cycle Earnings," Oxford Economic Papers, 57, 191--261. Esteban-Pretel, J., R. Nakajima, and R. Tanaka (2011), "Are Contingent Jobs Dead Ends or Stepping Stones to Regular Jobs? Evidence from a Structural Estimation," Labor Economics, 18, 513--526. Guvenen, F. (2009), "An Empirical Investigation of Labor Income Processes," Review of Economic Dynamics, 12, 58--79. Guvenen, F. (2011), "Macroeconomics with Heterogeneity: A Practical Guide," Federal Reserve Bank of Richmond's Economic Quarterly, 97, 255--316. Heathcote, J., F. Perri, and G.L. Violante (2010), "Unequal We Stand: An Empirical Analysis of Economic Inequality in the United States, 1967-2006," Review of Economic Dynamics, 13, 15--51. Heathcote, J., K. Storesletten, and G.L. Violante (2012), "Consumption and Labor Supply with Partial Insurance: An Analytical Framework," mimeo, University of Oslo. Krueger, D., F. Perri, L. Pistaferri, and G.L. Violante (2010), "Cross Sectional Facts for Macroeconomists," Review of Economic Dynamics, 13, 1--14. Lise, J., N. Sudo, M. Suzuki, K. Yamada, and T. Yamada (2013), "Wage, Income and Consumption Inequality in Japan, 1981–2008: from Boom to Lost Decades," mimeo, University College London. Ohtake, F. and M. Saito (1998), "Population Aging and Consumption Inequality in Japan," Review of Income and Wealth, 44, 361--381. Storesletten, K., C.I. Telmer, and A. Yaron (2004), "Cyclical Dynamics in Idiosyncratic Labor Market Risk," Journal of Political Economy, 112, 695--717. Sudo, N., M. Suzuki, and T. Yamada (2012), "Inequality in Japanese Economy during the Lost Decade," CIRJE Working Paper, CIRJE-F-856. |
URI: | https://mpra.ub.uni-muenchen.de/id/eprint/49813 |