英文标题：
《Consumption smoothing in the working-class households of interwar Japan》
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作者：
Kota Ogasawara
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最新提交年份：
2021
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英文摘要：
I analyze factory worker households in the early 1920s in Osaka, to understand whether idiosyncratic income shocks were shared efficiently and which consumption categories were robust to those shocks. By using the household-level monthly panel dataset, I find that while households could not fully cope with idiosyncratic income shocks at that time, they mitigated fluctuations in indispensable consumption during economic hardship. In terms of risk-coping mechanisms, I find suggestive evidence that savings institutions helped mitigate risk-based vulnerabilities and that both using borrowing institutions and adjusting labor supply served as risk-coping strategies among households with less savings.
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中文摘要：
我分析了20世纪20年代初大阪的工厂工人家庭，以了解特殊收入冲击是否得到有效分担，以及哪些消费类别对这些冲击具有鲁棒性。通过使用家庭层面的月度面板数据集，我发现，虽然当时家庭无法完全应对特殊的收入冲击，但他们缓解了经济困难时期不可或缺的消费波动。在风险应对机制方面，我发现了一些具有启发性的证据，表明储蓄机构有助于缓解基于风险的脆弱性，利用借贷机构和调整劳动力供应都是储蓄较少的家庭的风险应对策略。
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分类信息：

一级分类：Economics 经济学
二级分类：General Economics 一般经济学
分类描述：General methodological, applied, and empirical contributions to economics.
对经济学的一般方法、应用和经验贡献。
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一级分类：Quantitative Finance 数量金融学
二级分类：Economics 经济学
分类描述：q-fin.EC is an alias for econ.GN. Economics, including micro and macro economics, international economics, theory of the firm, labor economics, and other economic topics outside finance
q-fin.ec是econ.gn的别名。经济学，包括微观和宏观经济学、国际经济学、企业理论、劳动经济学和其他金融以外的经济专题
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一级分类：Statistics 统计学
二级分类：Applications 应用程序
分类描述：Biology, Education, Epidemiology, Engineering, Environmental Sciences, Medical, Physical Sciences, Quality Control, Social Sciences
生物学，教育学，流行病学，工程学，环境科学，医学，物理科学，质量控制，社会科学
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