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A possible explanation of the "Exchange Rate Disconnect Puzzle" : a common solution to three macroeconomic puzzles?

Horioka, Charles; Ford, Nicholas - In: Applied economics letters 24 (2017) 13/15, pp. 918-922

Persistent link: https://www.econbiz.de/10011714410

The 'real' explanation of the PPP puzzle

Ford, Nicholas; Horioka, Charles - 2016

This article shows that global financial markets cannot, by themselves, achieve net transfers of financial capital and real interest rate equalisation across countries and that the integration of both global financial markets and global goods markets is needed to achieve net transfers of capital...

Persistent link: https://www.econbiz.de/10011454078

The impact of intergenerational transfers on household wealth inequality in Japan and the United States

Niimi, Yoko; Horioka, Charles - 2017

Japan and the United States to examine whether individuals who receive intergenerational transfers from their parents are … children in both Japan and the United States, which in turn is likely to contribute to the persistence or widening of wealth …

Persistent link: https://www.econbiz.de/10011688678

The wealth decumulation behavior of the retired elderly in Japan: The relative importance of precautionary saving and bequest motives

Niimi, Yoko; Horioka, Charles - 2018

This paper analyzes the determinants of the wealth decumulation behavior of the retired elderly in Japan using unique … expected wealth decumulation rate of the retired elderly, at least in the case of Japan, even though both precautionary saving … burden of parental care may also affect the wealth decumulation behavior of the retired elderly in Japan. Given that parental …

Persistent link: https://www.econbiz.de/10012013653

Why do children take care of their elderly parents? Are the Japanese any different?

Horioka, Charles; Gahramanov, Emin; Hayat, Aziz; Tang, Xueli - 2017

We conduct a theoretical and empirical analysis of why children live with (or near) their parents and provide care and assistance to them using microdata from a Japanese household survey, the Osaka University Preference Parameter Study. We find that the Japanese are more likely to live with (or...

Persistent link: https://www.econbiz.de/10011688762