rehabilitate the U.S. banking industry. Many of those strategies were used also in Japan to combat its banking problems in the 1990 … respect to four of the others. So far the U.S. has avoided Japan's problem of having impaired banks prop up zombie firms …

The Japanese are becoming older. Americans are also becoming older. Demographic stress in Japan, measured by the … dependency ratio (DR), is currently about 0.64. In the immediate pre-WWII era it was even higher because Japan's total fertility … note I simulate the DR under various conditions and make comparisons with the US. Japan has experienced a large increase in …

to be cointegrated. In Japan, but not in the U.S., there is a secular decline in the inventory-sales ratio …

.K. and Japan are between three and 15 times more flexible than in the U.S. during the postwar period. Corresponding to … similar to that in Britain and Japan. The contrast between the prewar data and the postwar data, where the U.S. is a definite … institutions than in the American case. In this comparison Britain is the odd-man-out, with well-publicized industrial strife …

decisions, and the tax system in the United States and Japan. To investigate this issue, we first document the stylized fact … rate is shown to contribute to a higher aggregate saving rate in Japan compared to the U.S. However, the contribution of … Japan. Finally, tax reform concerning the tax deductibility of mortgage interest payments or the tax exempt status of …

This paper offers a comparative study of the evolution of employment systems in the U.S. and Japan, using a game ….S.and Japan during the first three decades of this century. In both countries, employment relations evolved from ones governed by …-term contracts and company-wide employee representation.The paper then documents the subsequent processes of bifurcation. While Japan …

, the paper documents parallel institutional developments in the U.S. and Japan towards corporate welfarism during the 1920s …, most major employers in Japan maintained their implicit contracts, while developing institutional arrangements to mitigate … the cost of long-term commitment. In contrast to the U.S., labor laws in Japan developed complementary to private welfare …

their children than those who do not using data for Japan and the United States. The estimation results show that the … bequests to their own children in both Japan and the United States, which in turn is likely to contribute to the persistence or …