|Budget Amount *help
¥2,000,000 (Direct Cost: ¥2,000,000)
Fiscal Year 2000: ¥900,000 (Direct Cost: ¥900,000)
Fiscal Year 1999: ¥1,100,000 (Direct Cost: ¥1,100,000)
Lazear and Michael (1988) researched the allocation of income within the households with micro data of the U.S.Consumer Expenditure Survey (CES). It was emphasized in this study to investigate the influence of household characteristics on the consumer spending. In the concrete, Lazear and Michael picked up the number of children each family as one of the household characteristics. For instance, how the percent distribution of the expenses for each component such as food, housing and clothing changed as the number of the children per family increased, like a no-kid, one-kid, two-kid household, was examined.
This is a similar study on the Japan's consumer expenditure, undertaking with panel data 1) a descriptive statistic analysis on family characteristics - e.g. academic background, age, dummy variable on working status of husband and wife, sex, age of children and so on, - and the allocation of income within the household - husband, wife, child and common -, and 2) an empirical research
by a regression analysis.
It was observed that the percentage of expense for children to the total household spending in a case of one-kid family, increased as wife's academic background is getting higher, and as wife works longer in full-time or part-time. This study also showed an empirical result that children's age and sex does make little change in the household expense for children. This result is different from that of the U.S.research.
Under-consumption in Japan in the 1990's was also investigated in this study, with deriving cohort data from "Annual Report on the Family Income and Expenditure Survey" of Statistical Bureau, Management and Coordination Agency, Govemment of Japan. The investigation made the following tendencies of the saving rate by generation clear : a) the rate of saving of the younger generation was increasing in the 1990's, b) that of the middle age generation was leveling off, and c) the pace of the fall of the elderly generation's saving rate was getting more moderate than that in the previous decade. It is considered that these facts can be basically illustrated with the Life-Cycle Hypothesis. Less