In this paper, I discuss the actual conditions and the determinants of co-residence between older parents and their children in China, especially the impact of bequest motives on parent-child co-residence, using micro data from the gSurvey of Living Preferences and Satisfaction,h conducted at...

Insurance institutions which are operated by public sector have two characters; one is as redistribution institution, and the other is as financial institution which manage large amount of funds. The fact that public insurance institutions (PuII) invest large amount of funds means that the...

In this paper, I investigate what is the difference in consumption behavior between hyperbolic and non-hyperbolic discounting households by using data from hJapan Household Survey on Consumer Preferences and Satisfactionh conducted by Osaka University. I show that the marginal propensity to...

This paper examines the unemployment controversy between J. M. Keynes and A. C. Pigou, mainly from the latter's viewpoint. In this controversy, although he eventually conceded de- feat, Pigou attempted to prove that money wage cuts were effective on employment regardless of the level of interest...

This paper presents a simple model that displays a joint determination of income inequality and intergenerational mobility affected by redistributive taxation. The model shows that a larger redistribution improves equality and utility and enhances mobility when the poor are financially...