In this paper, we analyze a variety of data on saving motives, bequest motives, and bequest division from the "Comparative Survey of Savings in Japan and the United States", a binational survey conducted in 1996 by the Institute for Posts and Telecommunications Policy of the Ministry of Posts...

The purpose of this article is not to analyze or evaluate the performance of the Japanese employment custom directly. This article discusses the relationship between Japanese labor law and Japanese employment customs.

We discuss that Japan should make a comprehensive reform of the existing institutions of health insurance in view of the apparent structural problems centering on the financial instability of health care finance, and discrepancies in premiums and benefits among the insured.

Using a small country model with habit-forming consumers and costly investment, we analyze equilibrium dynamics of the economy and derive empirical and welfare implications. The model can mimic some stylized facts: (i) a temporary increase in fiscal spending always deteriorates the current...

This paper compares the Italian and the Japanese education systems and looks at the interaction between these systems and labour market outcomes. We model the Japanese labour market, characterised by the limited labour turnover and by the emphasis on hiring straight from school, and the Italian...

We estimate a corporate demand model for bank loans on the basis of a panel data set of the Japanese corporations. What is novel is an explicit treatment of borrowing constraints in the estimation, which is formulated as a function of the land asset of the firms. The model is estimated by...

We obtained the results for Japanese firms on the effects of profit-sharing, information-sharing and ESOPs by estimating production functions using a panel data set. The contribution of this paper is to identify the presence of a profit-sharing system and an information sharing system by...

The overall record of planned economic development in India over almost half a century has been very poor in terms of the major objectives of transforming the economy and eradication of mass poverty. In this paper, drawing primarily on works on the development of Japan and South Korea, we...