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This paper provides evidence from Internet-based, large-scale survey data of hypothetical choice experiment on the relative utility hypothesis. The methodology exploited here complements previous empirical results from happiness studies, incentivized choice experiment studies, and neuroscience...
Persistent link: https://www.econbiz.de/10008748303
. We assume that the supporters of the Koizumi cabinet had an expectation of upward income mobility via the market. On this … relative income differ between supporters and non-supporters of the Koizumi cabinet. Key findings are as follows: within the … Koizumi cabinet period, a relatively low-income position is negatively related to happiness for non-LDP supporters but not for …
Persistent link: https://www.econbiz.de/10010466320
precautionary saving behavior of Japanese households. Our findings are: 1. Measures for income uncertainty have a positive influence … on the target for precautionary wealth but not on precautionary wealth. 2. The positive influence of income uncertainty … suggest that Japanese households save against income uncertainty until around when their head is aged 50 and then save against …
Persistent link: https://www.econbiz.de/10002868504
We consider a two good world where an individual i with income mi has utility function u (x, y), where x ? [0, ?) and y … of his income. Then we consider the following problem. Suppose good x is available in a store at a fixed price 1. Good y …
Persistent link: https://www.econbiz.de/10008655780
We document that since 1997, the rate of startup formation has precipitously declined for firms operated by U.S. PhD recipients in science and engineering. These are supposedly the source of some of our best new technological and business opportunities. We link this to an increasing burden of...
Persistent link: https://www.econbiz.de/10012271524
Extant research has found that an individual's happiness is relative with respect to income, suggesting that it rises … with own income and falls as the income of a reference group increases. Some recent studies emphasize that the effect of … relative income is mediated by the extent to which people compare themselves with others (hereinafter, "relative consciousness …
Persistent link: https://www.econbiz.de/10011804778
determinants of annual income, which were found in agreeableness among male workers. Agreeableness seemed to contribute to annual … income in Japanese men, whereas it acted as a penalty in American men. In both countries, higher agreeableness tended to … translate into higher income for those working at large companies (1,000 employees or more) compared with those working at small …
Persistent link: https://www.econbiz.de/10011434020
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
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
largest economic block in Japan, with 2041 companies responding. This article introduces the results of this questionnaire …
Persistent link: https://www.econbiz.de/10003321293