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Do borrowing constraints matter? : An analysis of why the permanent income hypothesis does not apply in Japan

Kohara, Miki (contributor); Horioka, Charles (contributor) - 2006

We use micro data on young married households from the Japanese Panel Survey of Consumers in order to analyze the importance of borrowing constraints in Japan. We find (1) that 8 to 15 percent of young married Japanese households are borrowing-constrained, (2) that household assets and the...

Persistent link: https://www.econbiz.de/10003339290

Organization adjustments, job training and productivity : evidence from Japanese automobile makers

Ariga, Ken; Kurosawa, Masako; Ōtake, Fumio; Sasaki, Masaru - 2010

This paper considers the demand for job training and its interaction with organization adjustments through rotation within a team and relocation across teams in response to demand and supply shocks. The analysis includes estimations of determinants of on-thejob training, and of how much such...

Persistent link: https://www.econbiz.de/10003996945

Internal vs. external habit formation in a growing economy with overlapping generations

Ikefuji, Masako; Mino, Kazuo - 2009

This paper explores the roles of internal and external habit formation in a simple model of endogenous growth with overlapping generations. Unlike the representative agent settings in which the distinction between internal and external habits may not yield significant qualitative differences in...

Persistent link: https://www.econbiz.de/10003921796

Income distribution and macroeconomics revisited : the role of fertility adjustment

Nakagawa, Masao; Sugimoto, Yoshiaki - 2009

This paper develops a theory in which households prepare for future education by adjusting the number of children they … disturbances after childbirth. -- Fertility ; Lock-in effect ; Inequality ; Education …

Persistent link: https://www.econbiz.de/10003921823

Books are forever : early life conditions, education and lifetime earnings in Europe

Brunello, Giorgio; Weber, Guglielmo; Weiss, Christoph T. - 2012

We estimate the effect of education on lifetime income in Europe, by distinguishing between individuals who lived in … years of education using reforms of compulsory education in nine different countries, and find that individuals in rural … substantially higher returns to their additional education. We argue that the long - lasting beneficial effects of having books at …

Persistent link: https://www.econbiz.de/10009532214

Is being agreeable a key to success or failure in the labor market?

Lee, Sun Youn; Ōtake, Fumio - 2016

The aim of this study was to elucidate how individual differences in noncognitive skills, as measured by the Big Five personality traits, explain variation in labor market outcomes. Japanese and U.S. survey data were analyzed to examine the associations between personality traits and later...

Persistent link: https://www.econbiz.de/10011434020

Decomposing the effect of height on income in China : the role of market and political channels

Yamamura, Eiji; Smyth, Russell; Zhang, Yan - 2015

It is well known that height is positively associated with earnings. Based on individual level data, this paper investigates the channels through which height influences income in China. Our first key finding is that taller people are more likely to become members of the Communist Party,...

Persistent link: https://www.econbiz.de/10010488899

Working from a distance : productivity dispersion and labor reallocation

Gu, Jingping; Koh, Dongya; Liu, Andrew - 2022

Following the shocks of the COVID-19 pandemic, the economy may be significantly changed relative to the pre-pandemic world. One critical shift induced by the COVID- 19 pandemic is a need for physical distance (at least 6 feet apart) between workers and customers. In this study, we examine the...

Persistent link: https://www.econbiz.de/10012880230

Do elite colleges matter? : the impact on entrepreneurship decisions and career dynamics

Guo, Naijia; Leung, Charles Ka Yui - 2021 - This version: March 2021

with other self-employment forms. Our overlapping generations model captures self-selection in education and career choices … education subsidy in generating efficiency, equality, and intergenerational mobility. …

Persistent link: https://www.econbiz.de/10012494031

Labor supply reaction to wage cuts and tax increases : areal-effort experiment

Mori, Tomoharu; Kurokawa, Hirofumi; Ōtake, Fumio - 2020

We investigate the labor supply reaction to wage cuts and tax increases using a real-effort experiment. First, subjects perform a task and receive a reward with taxes deducted. Second, the wage cut treatment reduces the wage rate and the tax increase treatment increases the tax; wage and tax...

Persistent link: https://www.econbiz.de/10012271537