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Policy Uncertainty and Saving Attitude: Evidence from a Survey on Consumers
- Source :
- Journal of Consumer Affairs. 53:1297-1311
- Publication Year :
- 2018
- Publisher :
- Wiley, 2018.
-
Abstract
- Uncertainty over the social security and tax system is often pointed out as a source of stagnant household consumption at the aggregate level. This study presents empirical evidence on this issue by using original survey data of Japanese individuals. The results indicate that individuals are highly uncertain over the future course of social security and tax policies. The policy uncertainty is associated with an orientation toward saving, and the relationship is stronger for low‐income individuals. These results suggest that improving long‐term predictability in the social security and tax system may contribute to weakening households' saving orientation.
- Subjects :
- Consumption (economics)
Sociology and Political Science
Public economics
05 social sciences
Social security
Orientation (mental)
0502 economics and business
Economics
Survey data collection
050211 marketing
050207 economics
Aggregate level
Predictability
Empirical evidence
General Economics, Econometrics and Finance
Subjects
Details
- ISSN :
- 17456606 and 00220078
- Volume :
- 53
- Database :
- OpenAIRE
- Journal :
- Journal of Consumer Affairs
- Accession number :
- edsair.doi...........b0dec8521666282aa35ba0350cee00e7