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