Welcome! This is Kiichi Tokuoka's Homepage.
徳岡喜一のホームページ
I am a Ph.d graduate from the Economics Department of Johns Hopkins University.
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"