Based on unique panel data from a five-wave internet survey in Japan, we show how the coronavirus disease 2019 pandemic affected people’s prospect-theory risk preferences, especially in the loss domain. The panel analysis indicates that with the spread of the pandemic, diminishing sensitivity...

In Japan's hometown tax donation system, people can donate to municipalities where they are not resident and in return receive reciprocal gifts from the local governments of those municipalities. A large part of the donated amount can be deducted from their income and residence taxes. This study...

In speedboat racing in Japan, women racers participate and compete in races under the same conditions as men, and all individuals are randomly assigned to mixed-gender or single-gender groups for each race. In this paper we use a sample of over 140,000 observations of individual-level racing...

What determines human beings' decisions to donate money to a charity? Using a nationally representative survey of the Japanese population, we demonstrate that having been taught by a female teacher in their first year of school makes individuals more likely to donate to charities following...

We illustrate how the desire to live in a fair society that rewards individual effort and hard work triggers an unselfish though rational demand for redistribution. This leads the well off to prefer higher taxes and the poor to reject extreme progressivity. We then provide evidence of these...