This study investigates what factors determine students’ academic performance in five major economies in East Asia, using the dataset from the 2007 survey of Trends in International Mathematics and Science Study (TIMSS). We explicitly consider initial maturity differences, endogeneity of class...

This study investigates what factors determine students' academic performance in five major economies in East Asia, using the dataset from the 2007 survey of Trends in International Mathematics and Science Study (TIMSS). We explicitly consider initial maturity differences, endogeneity of class...

Education levels of farmers have been measured in a variety of ways in preceding studies. In order to examine whether or not different measures of education have different effects on the behavior of farmers, I first summarize the measures of education and then perform an empirical analysis....

Education production functions are estimated using student-level achievement data for Japanese students, with emphasis on estimating the causal effect of class size on students' academic performance. The empirical results show that students‟ test scores are strongly affected by individual...

Many studies have shown that graduating from school during a recession can have lasting negative effects on labor market outcomes, known as the "scarring effect." This paper focuses on overeducation as a factor contributing to the scarring effect and aims to uncover the mechanism behind it....

Objectives. The purpose of this study is to investigate how the associations of life satisfaction with family and social relations differ between elderly men and women in Japan. Methods. Ordered logit models were estimated to explain life satisfaction with a rich set of explanatory variables,...

In this paper we investigate why and to what extent the government should have a social security trust fund, and how it should manage the fund in the face of demographic shocks, based on a simple overlapping-generations model. We show that, given an aging population, a trust fund in some form...