We project the future trends of the japanese saving rates with special emphasis on an analysis of the consumption and saving behavior of the household sector. Notable feature of our modeling is that savings are divided into financial and real savings components. This approach is useful since the...

Many attempts have been made to explain practical pay and promotion systems in a firm as a consequence of rational behaviour of both the employer and the employee. Recently the incentive theory has played a key role in this literature. The main subject of the incentive approachesis analyzing how...

The purpose of this article is not to analyze or evaluate the performance of the Japanese employment custom directly. This article discusses the relationship between Japanese labor law and Japanese employment customs.

This analysis presents a joint logit probability model in which, for the first time, the household's current housing tenure choice and expected co-residence with its children are hypothesized to be simultaneously determined. Empirical analysis indicates that there is a positive correlation...

We analyse empirically the effect of uncertainty on fixed investment by estimating an accelerator-type investment function based on a panel data set of the Hapanese manufacturing firms. The uncertainty measure, represented by the conditional standard deviation of the sales ghrowth rate, is...