Using an overlapping, multigenerational, dynamic, general equilibrium model incorporating a benefit assessment of government expenditure, this paper examines the advantages and disadvantages of funding methods for public health insurance and nursing insurance. In addition, in regard to the...

This paper examines how the three key characteristics of a corporate governance structure (i.e., the composition of board members, the nature of the largest shareholder, and the background of the representative directors) affect the way companies adjust employment levels. With respect to the...

This paper examines an optimal rate for the national burden to establish guidelines for fiscal reform in Japan's graying society. The paper looks at the Japanese tax and social security systems through an extended life-cycle general equilibrium simulation model. It explicitly considers the...

This paper examines an optimal rate of the national burden to establish guidelines for fiscal reform in Japan's graying society. The paper looks at Japanese tax and social security systems through an extended life-cycle general equilibrium simulation model. It explicitly considers the benefits...

This paper analyzes effects of accumulation of public capital on welfare in the transition to an aging Japan by applying a simulated general equilibrium growth model. We develop an 80 period OLG model, where the latest data of Japan has been used in order to make our results as realistic as...

This paper discusses factors that relate to the age of valid standards. Unlike patents and copyrights, standards are created without a fixed effective time set by law. A linked dataset is first prepared by connecting the technology categories of the Japanese Industrial Standards—the de jure...

This study investigates the effect of a negative demand shock on the composition of the type of workers at firms, focusing on the change in the share of temporary agency in all workers. To clearly identify the causal link between the demand a firm faces and the composition of its workforce in...

The concept of "exorbitant privilege" has received great attention from policy makers as well as academics worldwide. The idea originally referred to the willingness of foreigners to hold large quantities of US government debt at extremely low interest rates, due to the dollar's world reserve...

Bloom and Van Reenen (2007) show that differences in management practices are correlated with productivity differences at the firm level. In this paper, we conducted similar interview surveys on management practices in Japanese and Korean firms in 2008 and 2012. We find that overall management...

This paper examines the extent to which a firm's management practices are valued in the marketplace using the interview survey data which are comparable with that in Bloom and Van Reenen (2007). Kawakami and Asaba (2013) use the same interview data and find that among various management...