The U.S. population reached 300 million on October 2006, showing that the pace of population growth had not yet stagnated. The present study aims to answer the question of why among developed countries, almost all of which have entered into or are on the verge of a phase of population decline,...

In this paper, the impact of corporate income tax systems on investment at individual firms is evaluated by examining (1) distribution of marginal effective tax rates (METRs), (2) functions of tax adjusted capital costs considering personal income taxes, and (3) distribution of elasticity of...

The purpose of this paper is to quantify intragenerational inequality among income brackets and places of residence. To this end, the paper has estimated lifetime benefits and burdens of each cohort by using the generational accounting model. Assuming the status quo, a person with higher income...

This paper analyses whether and how a climate policy designed to stabilize greenhouse gases in the atmosphere is likely to change the direction and pace of technical progress. The analysis is performed using an upgraded version of WITCH, a dynamic integrated regional model of the world economy....

The number of noncitizen residents in Japan accelerated after the reform of the Immigration Control and Refugee Recognition Act in 1989. As a result, it reached 2,217,436, or 1.74% of the total population of Japan at the end of 2008, which was 2.2 times larger than the level at year end 1989....

As a policy for revitalizing regional economies and strengthening global internationalcompetitiveness of domestic industries, industrial cluster policy has drawn attention. Althoughaims of the policy are to create environments for the emergence of new business and industries,and support regional...

Deflation since the mid-1990s has had a serious negative impact on the Japanese economy in many respects. This paper focuses on the financial vulnerability of Japan's public pension schemes to deflation. It is demonstrated in the paper that deflation made real pension benefits substantially...

The individual Members of the European Union trade inside a web of preferential trade agreements. At the core of these agreements is the EU itself. More recently, the EU has been engaged in negotiations with countries as far ranging as Central America, South East Asia, East Asia, and North...

Real personnel costs of the government in the future will be affected by the current age structure of government employees. With the total number of employees fixed, personnel costs of the local government will decrease by 7% in the next 10 years as the age structure of local government...

The objective of this research is to empirically show how the Great East Japan Earthquake that happened on March 11th 2011 (at the end of 2010FY) affects the short-term wages of college graduates in 2010FY. Moreover, we have paid attention to the role of the quality of college education. Our...