The Consumption Response to Seasonal Income: Evidence from Japanese Public Pension Benefits

Melvin Stephens, Jr., Takashi Unayama

NBER Working Paper No. 16342
Issued in September 2010

---- Acknowledgements -----

We would like to thank Jon Guryan, Jesse Shapiro, and seminar participants at Boston College, Carnegie Mellon, RAND, and the Universities of Chicago (Harris School), Illinois, Michigan, Tennessee, Tokyo, and Western Ontario for many helpful comments and suggestions. We especially would like to thank the Statistical Bureau of the Japanese Government for allowing access to the Family Income and Expenditure Survey data. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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