This paper constructs an overlapping generations model in order to demonstrate low political intervention and interaction in the working and retired generations affect the allocation rate in future growth-stimulating public investment and the public pension. It also analyzes the possibility of...

Using panel data from two surveys in Japan and Europe, we examine the comparability of the self-rated health of the middle-aged and elderly across Japan and the European countries and the survey periods. We find that a person’s own health is evaluated on different standards (thresholds) across...

This paper explores the public pension claiming behavior of the Japanese. First, we perform financial simulations and estimate the expected utility, depicting the typical patterns of pension benefits over a life cycle. We show that the optimal retirement age depends on the beneficiaries’...

This paper looks for statistical evidence of match-rigging by yokozuna (grand champions) in Japanese sumo, which previous studies have not yet examined. The results suggest that yokozuna, too, have been involved in match-rigging, suggesting that economic incentives play an important role in...

The theory of employee discrimination gives a possible explanation for the scarcity of female executive officers. This paper tests the employee discrimination hypothesis by measuring the wage premium received by employees working with female executives against their tastes for discrimination....

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