Most studies have not distinguished delay from intervals, so that whether the declining impatience really holds has been an open question. We conducted an experiment that explicitly distinguishes them, and confirmed the declining impatience. This implies that people make dynamically inconsistent...

This paper investigates whether Japanese people were happy and unhappy with the general election conducted on September 11, 2005, in which the Prime Minister, Koizumi, won a landslide victory. We conducted a large survey just after the election to ask people how happy they were and which party...

This study is an empirical attempt to investigate the effects of balance sheet deterioration of Japanese firms and banks during the 1990s on credit allocation using the Short-term Economic Survey of Enterprises. This survey includes a unique item: the proportion of firms perceiving the lending...

We examined investment behavior in the Japanese manufacturing industry using investment revision data to analyze investment behavior from a fresh angle. We tested the martingale investment hypothesis and then the q-theory of investment by looking at the response of stock return and investment to...

This paper analyzes what adult children would do for their parents were they frail and in need of long-term care. Focusing on the special case of parents' illness, the paper then investigates altruism in Japanese children. Descriptive statistics show that about 30% of adult children living...

This paper examines Chinese students' risk attitude using buying and selling experiments with lotteries. We found that subjects were more risk averse in the buying experiment than in the selling experiment, suggesting the endowment effect. In the selling experiment, subjects were risk loving...

Employing the Japan-U.S. international survey, this study analyzed the cause of rising perception of the widening income gap in Japan. Between these two countries, their distinct value judgments on the substance of gap influence their recognition. Japanese have negative perception of the income...

Temporary agency work (TAW) is believed to facilitate the matching between firms and on-the-job searchers. This leads to shortening of the unemployment and job search duration. On the other hand, firms that hire temporary workers have less incentive to train them, which makes it difficult for...

Studies in psychology have long argued the possibility that sibling structure, such as birth order and the gender of siblings, shapes onefs feminine and masculine personality traits, such as a preference for competition. In light of recent developments in the economics literature on the gender...

This paper explores the effects of the 1995 Hanshin-Awaji Earthquake on the wages of people in the area of the earthquake over the 17 years after its occurrence and identified which part of the wage distribution has been most affected by this event by comparing the wage distributions of disaster...