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...

Japan is now facing the most drastic population aging among all the industrialized countries. The ongoing sweeping demographic changes-population aging combined with lower fertility-are posing an unprecedented challenge to the Japanese economy. Moreover, tax and social security reform have...

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>

The aim of this chapter is to empirically examine the impact of health problems of the elderly on their own and their household’s income. Using micro panel data from the “Survey on Health and Retirement” focusing on the elderly, we estimate the effect on an individual’s income and his...

The second “Family and Lifestyle Survey” is a registered consumer tester-based survey designed to collect information about (1) the basic attributes, education, job history, and quality of life of households in Japan; (2) household receipts of gifts and inheritances; (3) household income and...

This paper tries to quantitatively examine the impact of intergenerational transfers on asset inequality among Japanese households. For that purpose, we estimate an intergenerational asset transfer function with various control variables, using a unique micro dataset taken from the “Household...

This paper re-examines developments in two key elements of the Japanese employment system, seniority-based wages and lifetime employment, using recent microdata from the Basic Survey on Wage Structure. In contrast with previous studies, we do find evidence that these practices are eroding. For...

Exploiting annual career records of female workers constructed from the Japanese Panel Survey of Consumers (JPSC), this paper examines how the first job matters for an individual’s future job career. Using the regional unemployment rate in the year of graduation as an instrument for the first...

The "Family and Lifestyle Survey" is a registered consumer tester-based survey designed to collect information on (1) basic household attributes, education, and employment history; (2) parent household attributes (including education and employment history); (3) household asset holdings...