We examine how Japanese parents evaluate the current education system and assess possible reforms, based on a nationwide parent survey. Parents who have higher educational background, occupational status, and household income and expect higher education attainment from their children tend to be...

This study examines the formation of the inflation expectations of Japanese households using a micro-level dataset of forecast errors of expected inflation rates. The Japanese have recently come to be interested in policies that intend to positively influence the inflation expectations of...

This study provides insights into the expectation-updating behavior of Japanese households with regard to future inflation. Households do not renew their information set in every period, but they do so at a greater frequency than that argued in the literature. A more volatile inflation rate...

This study finds a strong and positive correlation between the net job-creation rates of large employers and labor market tightness (i.e., ratio of job offers to job-seekers) in business cycle frequencies in Japan. This correlation is much stronger than that seen among smaller employers, and is...

This paper documents the secular decline of average job tenure in Japan based on microdata from two representative government surveys: the household-based Employment Status Survey (ESS) and the establishment-based Basic Survey on Wage Structure (BSWS). Male workers born in 1970 have experienced...

Behind rising natural rate of unemployment, they often point out the decline in matching efficiency of the labor market. We empirically examine the cause of matching friction based on the theory of directed search model such as Burdett, Shi and Wright (2001). From rich micro data on vacancy size...