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An assessment of consumption and income taxes in Japan
Horioka, Charles (contributor); Sekita, Shizuka (contributor) - 2004 - [Elektronische Ressource]
and equity, we evaluate the past and present structure of Japan’s consumption and income taxes, we consider the role of … reconstruction, and finally, we make policy recommendations based on our findings. We find that the structure of Japan’s current … will simultaneously improve both the efficiency and equity of Japan’s tax system. -- Consumption tax ; Corlett and Hague …
Persistent link: https://www.econbiz.de/10002506797
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Aging, saving, and public pensions in Japan
Horioka, Charles (contributor); Suzuki, Wataru (contributor) - 2007
We analyze the impact of population aging on Japan’s household saving rate and on its public pension system and the … impact of that system on Japan’s household saving rate and obtain the following results: first, the age structure of Japan …’s population can explain the level of, and past and future trends in, its household saving rate; second, the rapid aging of Japan …
Persistent link: https://www.econbiz.de/10003490425
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Temporal instability of risk preference among the poor : evidence from payday cycles
Akesaka, Mika; Eibich, Peter; Hanaoka, Chie; Shigeoka, … - 2021 - Current version: May 3, 2021
The poor live paycheck to paycheck and are repeatedly exposed to strong cyclical income fluctuations. We investigate whether such income fluctuations affect risk preference among the poor. If risk preference temporarily changes around payday, optimal decisions made before payday may no longer be...
Persistent link: https://www.econbiz.de/10012509226
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The life and work of Martin Stuart ("Marty") Feldstein
Horioka, Charles - 2014
Martin Stuart ("Marty") Feldstein, currently George F. Baker Professor of Economics at Harvard University and President Emeritus of the National Bureau of Economic Research, Inc. (NBER), is a renowned American economist who has made important contributions to public finance, macroeconomics,...
Persistent link: https://www.econbiz.de/10010381488
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Elderly poverty and its measurement
Niimi, Yoko; Horioka, Charles - 2021
This paper examines various aspects of elderly poverty and its measurement. It first discusses some of the most important issues relating to measuring elderly poverty. It then reviews recent trends in elderly poverty, which show considerable heterogeneity in the extent of elderly poverty even...
Persistent link: https://www.econbiz.de/10012670775
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Do the retired elderly in Europe decumulate their wealth? : the importance of bequest motives, precautionary saving, public pensions, and homeownership
Horioka, Charles; Ventura, Luigi - 2022
In this paper, we use micro data on a large number of European countries from the Survey of Health, Ageing and Retirement in Europe (SHARE) to examine the wealth accumulation (saving) behavior of the retired elderly in Europe. To summarize our main findings, we find that less than half of the...
Persistent link: https://www.econbiz.de/10013369636
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Why are concavity conditions not satisfied in the cost function? : the case of Japanese manufacturing firms during the bubble period
Ogawa, Kazuo (contributor) - 2008
This paper examines empirically some of the reasons why Japanese manufacturing firms frequently fail to satisfy concavity conditions of the cost function. We focus on the “bubble period” in the 1980s when land was in great demand for reasons related to both production and speculation, and...
Persistent link: https://www.econbiz.de/10003757808
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The demise of bank-centered economy and increasing roles of credit rating in Japan
Yamori, Nobuyoshi (contributor); Asai, Yoshihiro (contributor) - 2006
After the burst of the bubble economy, Japanese economy has been changed drastically. Traditionally, Japanese economy was characterized as a bank-centered economy, but the banking system did not function well in the 1990's. Responding to banking problems, the Japanese government initiated the...
Persistent link: https://www.econbiz.de/10003321259
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Japanese corporate finance : what factors affect the financial decisions of Japanese firms? ; A survey result
Yamori, Nobuyoshi (contributor) - 2006
largest economic block in Japan, with 2041 companies responding. This article introduces the results of this questionnaire …
Persistent link: https://www.econbiz.de/10003321293
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Credit ratings in the Japanese bond market
Yamori, Nobuyoshi (contributor);  … - 2006
Recently, credit ratings have been enhancing the influence on issuers as well as the national economy. This paper explains the historical development and several current features of the Japanese bond market, and discusses why credit ratings gained a significant role in the 1990s. We also present...
Persistent link: https://www.econbiz.de/10003321300