It is not well known that Okinawa suffers from a severe shortage of child care services, even among non-urban areas in Japan. This study is the first micro-level examination of wage determinants of child care workers in Okinawa. We focus especially on two issues, which motivate us to draw...

We have developed a computable two-country general equilibrium model with overlapping generations of agents. Two main issues are addressed: (i) how does the differential ageing process across countries affect international capital flow, and (ii) to what extent do the policy reforms play a...

It is not well known that Okinawa suffers from a severe shortage of child care services, even among non-urban areas in Japan. This study is the first to take advantage of some unusually rich micro-level data to address to quantitative assessment of quality of child care and estimates of...

An increase in female labor force participation is indispensable to maintain sustainable economic growth in Japan, whose population is experiencing rapid aging and a decline in fertility. One remedy to these problems that is often proposed to be effective in stimulating the female labor supply...

It is not well known that Okinawa suffers from a severe shortage of child care services, even among non-urban areas in Japan. This study is the first micro-level examination of wage determinants of child care workers in Okinawa. We focus especially on two issues, which motivate us to draw...

Japan's total fertility rate declined to 1.32 in 2002, the lowest in its modern era. Such a drastic decline in fertility rate is an exception in the world. What the decrease in birthrate brings is an unbalanced demographic composition between a productive and dependent population. This...

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 is the first study to take advantage of Japan's public long-term care insurance as a unique and natural experiment to evaluate how outsourcing long-term care spurs female labor supply. We utilize our unusual and rich panel data from households with an elderly person who needs care and who...

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...

This paper introduces the Carlson-Parkin [1975] method (henceforth, CP) and its variants, which derive an inflation expectation series using actual inflation and published aggregates from a survey on individual economic agents, to beginners. We use the survey results from the Bank of Japan's...