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The nexus between long-term care insurance, formal care, informal care, and bequests : the case of Japan
Horioka, Charles; Gahramanov, Emin; Tang, Xueli - 2024
The purpose of this paper is to conduct a theoretical and empirical analysis of the nexus between long-term care insurance (LTCI), formal care, informal (family) care, and bequests. In our empirical analysis, we use micro data from the Japan Household Panel Survey on Consumer Preferences and...
Persistent link: https://www.econbiz.de/10015047826
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Why do children take care of their elderly parents? : are the Japanese any different?
Horioka, Charles; Gahramanov, Emin; Hayat, Aziz; Tang, Xueli - 2016
In this paper, we conduct a theoretical analysis of why individuals provide care and attention to their elderly parents using a two-period overlapping generations model with endogenous saving and a "contest success function" and test this model using micro data from a Japanese household survey,...
Persistent link: https://www.econbiz.de/10011458795
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Multinationals, tax holidays, and technology transfer
Miyagiwa, Kazuyuki (contributor); Ohno, Yuka (contributor) - 2008
Host country governments often grant investment incentives to foreign firms locating in their territories. We show that such preferential treatment of foreign firms can facilitate transfer of foreign technology, induce entry by the local firm, and increase host country welfare. However, this...
Persistent link: https://www.econbiz.de/10003757784
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Aging, probability weighting, and reference point adoption : an experimental study
Suzuki, Ayako (contributor); Kume, Koichi (contributor) - 2008
incentives. We estimate the parameterized models in the framework of cumulative prospect theory and examine the risk aversion … elderly group’s behavior departs more from the traditional expected utility theory than does the young group’s behavior …. -- age ; cumulative prospect theory ; risk aversion ; probability weights ; reference point …
Persistent link: https://www.econbiz.de/10003757815
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Determinacy of equilibrium under various Phillips curves
Ono, Yoshiyasu (contributor) - 2008
Determinacy of equilibrium under the original, the backward-looking, the forward-looking and the hybrid Phillips curves is examined. If the monetary authority keeps the nominal money stock to be constant, the equilibrium path is always determinate under the original Phillips curve and the...
Persistent link: https://www.econbiz.de/10003644964
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Portfolio inertia and [epsilon]-contaminations
Asano, Takao (contributor) - 2004 - [Elektronische Ressource]
This paper analyzes investors’ portfolio selection problems in a two-period dynamic model of Knightian uncertainty. We account for the existence of portfolio inertia in this two-period framework. Furthermore, by incorporating investors’ up-dating behavior, we analyze how new observation in...
Persistent link: https://www.econbiz.de/10002117557
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Portfolio inertia under ambiguity
Asano, Takao (contributor) - 2004 - [Elektronische Ressource]
We consider individual’s portfolio selection problems. Introducing the concept of ambiguity, we show the existence of portfolio inertia under the assumptions that decision maker’s beliefs are captured by an inner measure, and that her preferences are represented by the Choquet integral with...
Persistent link: https://www.econbiz.de/10002117590
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Protective trade policies 'reduce' employment : a dynamic optimization approach
Ono, Yoshiyasu (contributor) - 2006
Using a competitive two-country two-commodity monetary model with optimizing agents in which persistent unemployment arises, this paper examines the effects of trade restrictions on consumption and employment in the two countries. When facing unemployment, a country tends to impose an import...
Persistent link: https://www.econbiz.de/10003321174
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Job search, bargining, and wage dynamics
Yamaguchi, Shintaro (contributor) - 2006
What are the sources of rapid wage growth during a worker’s early career? To address this question, I construct and estimate a model of strategic wage bargaining with on-the-job search to explore three different components of wages: general human capital, match-specific capital, and bargaining...
Persistent link: https://www.econbiz.de/10003321198
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Collective initial endowments
Takamiya, Koji (contributor) - 2006
This paper studies allocation correspondences in the house allocation problems with collective initial endowments. We examine the implications of two axioms, namely “consistency” and “unanimity.” Consistency requires the allocation correspondence be invariant under reductions of...
Persistent link: https://www.econbiz.de/10003321209