Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/92750
Authors: 
Horioka, Charles Yuji
Year of Publication: 
2012
Series/Report no.: 
ISER Discussion Paper, Institute of Social and Economic Research, Osaka University 861
Abstract: 
In this paper, we present data on recent trends in private consumption and in possible determinants of private consumption (such as GDP, household incomes, household saving rates, household wealth, and employment conditions) in the Group of Seven (G7) countries and find that there has been significant variability among the G7 countries not only in their private consumption growth rates but also in the determinants of private consumption growth during the 2002-07 period. With respect to Japan, we find that private consumption has been relatively stagnant during the 2002-07 period and that the stagnation of private consumption has been due to the stagnation of household income and of household wealth and the relative stability of the household saving rate.
Subjects: 
consumption
private consumption
GDP
economic growth
households
saving
wealth
employment conditions
unemployment rates
Group of 7 (G7)
Japan
JEL: 
D12
E21
E60
J64
Document Type: 
Working Paper

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