Research publications: 

Saving and consumption 

• "Does the COVID-19 Pandemic Change Individuals’ Risk Preference?" (with Tomohide Mineyama), Journal of Risk and Uncertainty, March 2024. [link]

• "Sticky Expectations and Consumption Dynamics" (with Christopher Carroll, Edmund Crawley, Jiri Slacalek, and Matthew N. White), American Economic Journal: Macroeconomics, Volume 12, Number 3, pages 40-76, July 2020.  [link] [NBER Working Paper version] 

• "The Distribution of Wealth and the Marginal Propensity to Consume" (with Christopher Carroll, Jiri Slacalek, and Matthew N. White), Quantitative Economics, Volume 8, Issue 3, pages 977--1020, November 2017. [link] [paper] 

• "Is Stock Investment Contagious among Siblings?" Empirical Economics, Volume 52, Issue 4, pages 1505--1528, June 2017. [link] 

• "Do Consumers Learn from Their Own Experiences?" Japanese Economic Review, Volume 66, Issue 4, pages 466--491, December 2015. [link]

• "Buffer Stock Saving in a Krusell Smith World" (with Christopher D. Carroll and Jiri Slacalek), Economics Letters, Volume 132, pp. 97--100, July 2015. [link] [paper] [extended working paper version] 

• "The Distribution of Wealth and the MPC: Implications of New European Data," (with Christopher D. Carroll and Jiri Slacalek), American Economic Review: Papers and Proceedings, Volume 104, No. 5, pp. 107--11, May 2014. [link] [paper] [extended working paper version] 

• "Saving Response to Unemployment of a Sibling," Journal of Economic Behavior and Organization, Volume 89, pp.58--75, May 2013. [link] 

• "Is Wealth Accumulation A Luxury Good?" Economics Letters, Volume 115, Issue 3, pp. 523--526, June 2012. [link]

Work in progress:

• "Investigating How Inflation Expectations Affect Precautionary Wealth"

• "Does Memory of Earthquakes Affect Risk Tolerance?"

• "Do Lifelong Experiences of Land and Housing Prices Affect Homeownership in Japan?"

• "Siblings' Influence on Home Purchases"