This paper examines the investment responses to past Japanese tax reforms for individual industries. To identify the tax effect, this paper estimates investment functions by using a covariate of the change in tax-adjusted q caused by tax reform. This method alleviates the measurement error...

Exploiting annual information on the work status of female workers from the Japanese Panel Survey of Consumers (JPSC), this paper examines how an individual’s job status immediately after graduation, referred to as “first job,” matters for his/her future job career. Using the ratio of...

type="main" <p>This paper quantitatively examines the impact of intergenerational transfers on asset inequality among Japanese households. We estimate an intergenerational asset transfer function with various control variables, using a unique micro dataset taken from a survey conducted by the...</p>