James, John A.; Suto, Isao - In: Cliometrica, Journal of Historical Economics and … 5 (2011) 1, pp. 1-25
This paper pools data from independent household surveys of Japanese workers roughly spanning the Taisho period (1912–1926), a time before private-business or government-provided social safety nets. First, we construct estimates of permanent and transitory income and then estimate saving...