The purpose of this paper is to quantify intragenerational inequality among income brackets and places of residence. To this end, the paper has estimated lifetime benefits and burdens of each cohort by using the generational accounting model. Assuming the status quo, a person with higher income...

This paper has estimated lifetime benefits and burdens of each future generation and underlying fiscal situation.Net burdens could be significantly different among the future generations depending on how to improve the primary fiscal balance, even though the government debt be eliminated in...

We have estimated each generation's lifetime benefit and burden as well as lifetime income as of 2005 by using the generational accounting model with the social security system and computed its lifetime net burden ratio (LNBR = net lifetime burden / lifetime income) As a result, the following...

Real personnel costs of the government in the future will be affected by the current age structure of government employees. With the total number of employees fixed, personnel costs of the local government will decrease by 7% in the next 10 years as the age structure of local government...

We have built a quantitative model of the pension, medical care and aged care by improving Suzuki(2006) and estimated intergenerational inequality caused by the social security system. It should be noted that the model be able to reproduce the long-term projection made by the Japanese...

The purpose of this paper is to estimate the effects of deflation on intergenerational inequality through the pension system. The current automatic adjustment mechanism (ADM) for pension benefits introduced in the 2004 Pension Reform is not activated during the deflation. The 2009 Pension...

This paper describes the basic structure and multipliers of the 2010 revised version of The ESRI Short-Run Macroeconometric Model of the Japanese Economy, which was first released in 1998. The model is basically a demand-oriented, traditional Keynesian-type model with an IS-LM-BP framework;...

This study starts to analyze the comprehensive economic impact and transmission mechanisms of the quantitative monetary easing policy (QMEP) based on Honda et al.[2007]. Analysis using the VAR model has shown the following four observations. First, an increase of base money raises aggregate...

The paper aims at quantifying the higher-order expectations that Keynes (1936) compared to the beauty contest, applying a measure of relative entropy to the Japanese ESP Forecast Survey data during the deflationary period. We conclude that during the deflationary period from June 2009 to April...

This paper examines the factors that lie behind the couples' declining number of children and desire for children, associating among living environment, economic situation, and husband and wife’s consciousness and sense of value. Data for this paper was compiled through a web-based...