Intergenerational conflict over consumption tax hike: Evidence from Japan
Abstract
This paper analyses voter preferences on a consumption tax hike using an opinion survey of Japanese citizens. We find robust evidence that the older voter is more likely to support a consumption tax hike. We also find that the most significant inter-generational difference towards consumption tax policy is explained by the gap between men under sixty and over sixty, and that the supporters of the consumption tax hike discontinuously jump up at the age of sixty. We examine the mechanism behind this discontinuous jump at the age of sixty. Our findings are consistent with the hypothesis that individuals realize the importance of consumption tax at age sixty in order to preserve the value of their private assets.
Fields of Study & Subjects
Gender
Labor
and Family Dynamics
Financial Literacy
Pension
Retirement Analysis
Fiscal Policy and Economic Growth
Publication details
- Journal / source
- Journal of the Japanese and International Economies
- Publisher
- Elsevier BV
- Volume
- 81
- Pages
- 101435–101435
- Publication date
- 9 July 2026
- Language
- EN