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American Economic Review Vol. 96 No. 5 2006

The Japanese Saving Rate

Kaiji Chen1; Ayşe İmrohoroğlu2; Selahattin İmrohoroğlu2

1 Department of Economics, University of Oslo, Blindern, N-0317 Oslo, Norway. · 2 Department of Finance and Business Economics, University of Southern California, Los Angeles, CA 90089.

Abstract

Despite much work, economists have not been able to quantitatively account for the differences in the Japanese and U.S. saving rates after World War II. In this paper, we show that the use of actual Japanese total factor productivity growth rates in a standard growth model generates saving rates that are reasonably similar to the Japanese data between 1956 and 2000.

DOI
10.1257/aer.96.5.1850
Volume
96
Issue
5
Pages
1850-1858
Language
en
Sources
crossref openalex bibtex:phds-export.bib openalex

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