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Alternative estimates of Japanese saving and comparisons with the U.S.: Can the capital gains to land be included in "saving?"

Dekle, Robert

This paper presents several novel measures of Japanese saving and performs a U.S.-Japan comparison. We find that if "saving" includes the capital gains to land, the two country gap is much larger than what was conventionally believed.

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Academic Units
Center on Japanese Economy and Business
Center on Japanese Economy and Business, Graduate School of Business, Columbia University
Center on Japanese Economy and Business Working Papers, 52
Published Here
February 8, 2011
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