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Skip to Content Japanese English Chinese About RIETI Site Map Help Contact Discussion Papers Search Site Search Menu Research Areas Research Programs (FY2024-2028) Research Programs (FY2020-2023) Research Programs (FY2016-2019) Research Programs (FY2011-2015) Policy Research Domains (FY2006-2010) Projects Survey Fellows According to Title Alphabetical order RIETI Alumni Research/Policy Papers Discussion Papers (English) Discussion Papers (Japanese) Policy Discussion Papers (English) Policy Discussion Papers (Japanese) Technical Papers (English) Technical Papers (Japanese) Non Technical Summaries List of Articles in Journals Research Digest Discussion Papers Search Publications RIETI Books (English) RIETI Books (Japanese) History of Japan's Trade and Industry Policy Authors' Words Other Publications (English) Other Publications (Japanese) Events Symposiums Workshops BBL Seminars Archived Seminar Series Data JIP Database R-JIP Database CIP Database Industry-Specific Nominal and Real Effective Exchange Rates AMU and AMU Deviation Indicators JSTAR RIETI-TID RIETI FDI Database ICPA Project Links Articles Column Special Series Newspapers & Magazines Fellows' Works VoxEU Column From IZA Perspectives from Around the World Other Contents RIETI Report Policy Update Keizai Sangyo Journal (METI Journal) Research Areas Fellows Research/Policy Papers Publications Events Data Articles Site Map Technical Issues Coontact Discussion Papers Search Close HomePublicationsOther Publications (Japanese) Consumption Analysis in Contemporary Japan: Where we are now in life cycle theory Print Author(s)/Editor(s) Written by UNAYAMA Takashi Publisher Keio University Press Inc. ISBN 978-4-7664-2895-7 Publication Date May 2023 Table of Contents Systematic understanding of household behavior How do Japanese households make consumption decisions? This book uses “life cycle theory” to analyze, from a consistent perspective, various phenomena related to consumption in Japan, such as the consumption tax rate hike, the consumption stimulating effect of the special cash payment, the child allowance benefit issue, and the problem of insufficient living funds after retirement. This ambitious work attempts to elucidate the mechanisms by which changes in the economic environment alter household behavior. (1) To comprehensively understand the significance and purpose of the “life cycle theory of consumption” today. (2) Using micro data, summarize the life-cycle-based analysis of household consumption behavior. (3) To summarize findings on issues related to household consumption in Japan, the potential for policy intervention, and the future outlook. These are the three main objectives of this book, and over the past 10 years the author has used Japanese data to conduct a series of empirical studies from the perspective of life cycle theory. Demonstrating the validity of the life cycle theory is one of the central themes in applied econometrics today, and this remarkable book will be of great help in deepening our understanding of microeconometric analysis. Part I. Decision Theory of Consumption Chapter 1: Life Cycle Theory of Consumption Chapter 2: Income Uncertainty and Consumption Chapter 3: Substitution of Consumption Between Different Points in Time Chapter 4: Interest Rates and Japanese Consumption Part II: Validation and Extension of Life Cycle Theory Chapter 5: Validation of Life Cycle Theory Chapter 6: Retirement Consumption Puzzle Chapter 7: Overreaction and Liquidity Constraints Chapter 8: Frontiers of Life Cycle Theory Part III: Economics of Cash Transfers Chapter 9: Economics of Consumption Stimulation Chapter 10: Effects of Child Allowance Benefit Part IV: Understanding Household Income and Expenses Chapter 11: Household Income and Expenditure in Official Statistics Chapter 12: New Household Income and Expenditure Data Part V. Determinants of Savings Chapter 13: Micro and Macro Savings Rates Chapter 14: Demographics and Savings Publications RIETI Books (English) RIETI Books (Japanese) History of Japan's Trade and Industry Policy Authors' Words Other Publications (English) Other Publications (Japanese) Communications Newsletter RSS Feed Facebook X YouTube Research Areas Research Programs (FY2024-2028) Research Programs (FY2020-2023) Research Programs (FY2016-2019) Research Programs (FY2011-2015) Policy Research Domains (FY2006-2010) Projects Survey Fellows Research/Policy Papers Discussion Papers (English) Discussion Papers (Japanese) Policy Discussion Papers (English) Policy Discussion Papers (Japanese) Technical Papers (English) Technical Papers (Japanese) Non Technical Summaries List of Articles in Journals Research Digest Discussion Papers Search Publications RIETI Books (English) RIETI Books (Japanese) History of Japan's Trade and Industry Policy Authors' Words Other Publications (English) Other Publications (Japanese) Events Symposiums Workshops BBL Seminars Archived Seminar Series Data JIP Database R-JIP Database CIP Database Industry-Specific Nominal and Real Effective Exchange Rates AMU and AMU Deviation Indicators JSTAR RIETI-TID RIETI FDI Database ICPA Project Links Articles Column Special Series Newspapers & Magazines Fellows' Works VoxEU Column From IZA Perspectives from Around the World Other Contents RIETI Report Policy Update Keizai Sangyo Journal (METI Journal) About RIETI Privacy Policy Site Policy Site Map Help Contact METI Web Site Research Institute of Economy, Trade and Industry, IAA (JCN 6010005005426)JCN: Japan Corporate Number Opinions expressed or implied on this website are solely those of the author, and do not necessarily represent the views of the Research Institute of Economy, Trade and Industry (RIETI).Titles, numbers, specific names, etc. on this website are as of the date of publication. 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