Income Variability and Consumption-A Full Consumption Insurance Test Using Japanese Micro Data in the 1990s (in Japanese)
Income Variability and Consumption-A Full Consumption Insurance Test Using Japanese Micro Data in the 1990s (in Japanese)
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收入波动与消费——20世纪90年代日本微观数据的全面消费保险检验（日文）
DOI：
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发表时间：
2003
期刊：
影响因子：
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通讯作者：
Satoshi Shimizutani
中科院分区：
文献类型：
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作者：
Satoshi Shimizutani
本研究利用家庭收支调查的微观层面数据，检验了完全消费保险假说，并对保险来源进行了量化。消费完全保险假说在总消费和按商品种类划分的消费中均被强烈否定，这意味着日本家庭无法平滑消费。不过，与全额保险的偏差较小。储蓄是户主收入变化的主要原因。
Using micro-level data from the Family Income and Expenditure Survey, this study tests the full consumption insurance hypothesis and quantifies the sources of insurance. The consumption full insurance hypothesis is strongly rejected for both total consumption and consumption by type of goods, which implies that Japanese households fail to smooth consumption. However, the deviation from full insurance is small. Saving is responsible for a larger part of change in head of household income.