Abstract.Day3.Fukai

Life Cycle Analysis of National Transfer Accounts in Japan (1984-2014): Cohort Differences in Age Profiles of Consumption, Income, and Transfer Burdens

Taiyo Fukai, Hidehiko Ichimura, and Kazuyuki Terada

Fukai et al. (2024) observed that the 23-39 age group experienced the slowest consumption growth since 2004, despite higher labor income growth relative to other age groups. This disparity was attributed to a heavier public transfer burden on this age group. in this study, we re-estimate public transfer burdens reflecting specific tax schedules and social insurance systems. We examine how Japan's social welfare reforms affected consumption, income, and financial well-being.