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This paper explores the effects of the 1995 Hanshin-Awaji Earthquake on the wages of people in the area of the earthquake over the 17 years after its occurrence and identified which part of the wage distribution has been most affected by this event by comparing the wage distributions of disaster...
Persistent link: https://www.econbiz.de/10010339189
problem by exploiting the triennial judge transfer system in Japan, or the exogenous allocation of judges to prefectures. A …
Persistent link: https://www.econbiz.de/10003820004
regime of a tariff quota causes a welfare loss compared with the counterfactual. -- state trading ; Japan ; rice …
Persistent link: https://www.econbiz.de/10008932963
improvement in fuel economy. In addition, I find that the fuel tax at the current tax rate in Japan is 1.7 times less costly than …
Persistent link: https://www.econbiz.de/10013329506
We examined investment behavior in the Japanese manufacturing industry using investment revision data to analyze investment behavior from a fresh angle. We tested the martingale investment hypothesis and then the q-theory of investment by looking at the response of stock return and investment to...
Persistent link: https://www.econbiz.de/10003407387
This paper provides some background for the book, Handbook of Real Estate and Macroeconomics. It gives an overview of different chapters and how various themes and ideas can be connected. Directions for future research are also discussed.
Persistent link: https://www.econbiz.de/10012595326
and thereafter Japan has been suffering secular stagnation. This paper proposes a dynamic macroeconomic model that can …In 1960s - 1980s Japan enjoyed high economic growth. In the early 1990s, however, the growth rate drastically declined … approaches zero even if productivity keeps on increasing, and secular stagnation arises. …
Persistent link: https://www.econbiz.de/10011316661
Until recently, the literature ignored the interactions between housing and macroeconomics. Thanks to many researchers' contributions, the macro-housing field is in development. This review complements previous research and highlights a few areas that have made significant progress lately. They...
Persistent link: https://www.econbiz.de/10013461195
We develop a macroeconomic model with a moral hazard problem between financial intermediaries and households, which causes inefficient resource allocation, to make us reconsider the financial regulation according to financial development, and individual and aggregate economic activities in the...
Persistent link: https://www.econbiz.de/10014232599
We develop a 2×2×2 model with the following features: (1) one sector is perfectly competitive while the other is oligopolistic; (2) one country has unemployment while the other attains full employment; (3) oligopolists move internationally; and (4) the ownership of each oligopolist is...
Persistent link: https://www.econbiz.de/10011433989