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Impact of the financial crisis on household perception : The case of Japan and the United States

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Abstract In this study, we attempted to examine how the financial crisis in the latter half of the 2000s affected household perceptions such as the sense of a change in inequality. Using microdata collected fr...om a nationwide internet survey in Japan and US conducted in 2011, we investigated what kind of people feel that the level of disparities in income and assets increased because of the financial crisis. Results showed that the influence of the respondents’ social status on perception of inequality differs between residents of the two countries. Japanese respondents are more likely to perceive a sense of increased disparity than those of the US.show more

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Created Date 2011.10.12
Modified Date 2020.11.02

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