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aggregate household saving rates in Japan, China, and India. The observed age distributions help explain the contrasting saving … lower household saving rates in Japan and China …
Persistent link: https://www.econbiz.de/10013015546
Monetary policies in the U.S., Japan, Germany and the United Kingdom over the period 1973-1986 are compared and … Bundesbank and the Bank of Japan each focus on one money target, described by the Bundesbank as a target, and by the Bank of … Japan as a projection. None of the countries has stuck rigorously to the targets, though the Bank of Japan has come close …
Persistent link: https://www.econbiz.de/10012777224
. Results are presented for the U. S., Japan, and an aggregate called "Europe" consisting of eleven European economies. The … uptrend in previously developed wage gap indexes for Japan and Europe between the 1960s and 1980s. If anything real wages in … Europe and Japan were too flexible rather than too rigid, in the sense that much of the increase in wage gap indexes in …
Persistent link: https://www.econbiz.de/10013244903
Since the early 1990's the growth rates of the four largest European economies—France, Germany, Italy, and the United Kingdom—have slowed. This persistent slowdown suggests a low-frequency structural change is at work. A combination of longer individual life expectancies and declining...
Persistent link: https://www.econbiz.de/10012858411
Europeans restricted their fertility long before the Demographic Transition. By raising the marriage age of women and ensuring that a substantial proportion remained celibate, the "European Marriage Pattern" (EMP) reduced childbirths by up to one third between the 14th and 18th century. In a...
Persistent link: https://www.econbiz.de/10013121013
We exploit regional variation in suitability for cultivating potatoes, together with time variation arising from their introduction to the Old World from the Americas, to estimate the impact of potatoes on Old World population and urbanization. Our results show that the introduction of the...
Persistent link: https://www.econbiz.de/10013158021
fertility nations (Japan, Spain, Italy) as being in this regime. At even higher levels of women's status, men begin to share in …
Persistent link: https://www.econbiz.de/10012759186
As the Japanese population structure changes, health care and long-term care costs will steadily increase. The current style of financing (pay-as-you-go) will create a large increase in future burden of these costs. This paper studies an alternative policy that prefunds the social insurance...
Persistent link: https://www.econbiz.de/10012779601
A dynamic model of the demographic structure of Japan is summarized. It is capable of tracing the dynamic development … Japan will increase slightly in the immediate future as the number of children per family declines sharply, and then fall …, unless some major changes in Japanese saving behavior take place, our analysis suggests that Japan will have an unusually …
Persistent link: https://www.econbiz.de/10013227507
What is the aggregate real rate of return in the economy? Is it higher than the growth rate of the economy and, if so, by how much? Is there a tendency for returns to fall in the long-run? Which particular assets have the highest long-run returns? We answer these questions on the basis of a new...
Persistent link: https://www.econbiz.de/10012931594