This paper investigates the share ownership and lending activity of financial institutions with emphasis on the relationship between the two. We obtained the following results. The mobility of lending order was somewhat higher than that of shareholding order. The correlation between lending...

This paper constructs a theoretical model for analyzing the earnings distribution over time and provides an estimation procedure for the inequality of earnings over time. The theoretical model incorporates Gibrat's so-called "law of proportionate effect," Galton's "regression toward the mean,"...

This paper investigates income transfers between dynastic families caused by a public pension system. Using Japanese data, we present simulation results based on a model in which intergenerational altruism works, and income distribution exists between and within generations. The growth rates of...