This paper examines whether consumption reacts to an anticipated income increase arising from the start of pension benefit payments. Using household-level data, the analysis indicates that although consumption increases significantly in the year that pension benefit payouts start, it falls back...

This paper tries to quantitatively examine the impact of intergenerational transfers on asset inequality among Japanese households. For that purpose, we estimate an intergenerational asset transfer function with various control variables, using a unique micro dataset taken from the "Household...

Despite the prolonged recession and sizable environmental changes after the burst of the Japanese economic bubble, a drastic degeneration has not been seen, either in seniority-based wages or in Japan's practice of lifetime employment, in the previous studies analyzing the negative impact of...

This paper examines the factors that lie behind the intergenerational transfers (through bequests andeducational investment) and retirement allowances in Japan. It is based on our unique microdatataken from the "Survey of Family Relationship, Job Experience, and Intergenerational...

Using micro-data from the Japanese Panel Survey of Consumers (JPSC), this paper analyzed an impact of macroeconomic conditions at graduation on the future job opportunities of female workers in Japan. More specifically, we examined whether the failure of obtaining a regular job at the time of...