Demographic shifts profoundly influence the world economy, directly in the national economies experiencing the shifts and indirectly through changes elsewhere brought about by cross-border transactions. The research summarized in this paper is part of a project to study the global dimensions of...

This paper constructs a stylized general equilibrium overlapping generations model in which child-rearing costs are modeled explicitly to evaluate quantitatively the effects of a demographic transition in five Asian economies: Japan, China, Korea, Taiwan, and Singapore. The model looks at two...

The first paper aims to examine the applicability of the nonprofit satellite account, developed on the basis of the UN Economic and Social Affairs Statistics Division's "Handbook on Non-Profit Institutions in the System of National Accounts," as a means to statistically grasp the actual...

The second paper examines the statistical data regarding the economic activity of NPO corporations established in accordance with the Law to Promote Specified Nonprofit Activities, and estimates the nonprofit satellite accounts for this particular type of organizations. Results showed that an...

This paper investigates the effectiveness of policies, especially credit guarantees and governmental institution lending, to facilitate funding for small and medium enterprises (SMEs) in Japan in the late 1990s. We set up a panel from different Japanese prefectures from 1993 to 2001 to estimate...

We have developed a multi-period computable endogenous growth overlapping generations model generated by the accumulation of human capital. To study whether ageing itself and policy reform that aims to cope with aging make any quantitative impact through human capital formation on the Japanese...

As the household sector as a whole is very heterogeneous economically and socially, it is necessary to separate more homogeneous groups within the sector (United Nations et al. "System of National Accounts 1993"19.9). In this paper by sub-sectors of households according to size of income and net...

Recently the role of wages in deflation process has been rarely taken as a serious study subject in Japan. However, looking at prices in the economy as a whole from the cost side, wages are the biggest cost factor and, therefore, the development in wages should have a close relationship with the...

This paper, taking an explicit account of the progressive tax system, calculates the social marginal cost of public funds (SMCF) for the Japanese economy using large set of micro data of Employment Status Survey. Before calculation of SMCF, we estimate labor supply function of prime-age male...

This paper investigated the determinants of the unfilled vacancy in Japan using micro data on establishments. The main results obtained in the paper are as follows. First, the rapid decrease in the number of unfilled vacancies during 1990's are attributed both to a decreased number of...