This paper analyzes the interactions between labor and housing (and land) markets in a city. We develop a monocentric city model involving land development and frictional unemployment. Unemployment, the spatial structure of a city, land development, housing demand, prices of housing and land are...

In Albania, remittance has been an important factor for the countryfs economic growth since the collapse of the countryfs communist regime in the early 1990s. In this paper, I investigated why migrants send remittance to their parents household. In the analysis, I considered four remittance...

This paper explores the implications of status-seeking behavior in wealth for economic dynamics. I move away from the conventional setup of status preference. That is, individuals with higher wealth behave differently as compared to those with lower wealth; agents with different wealth have...

In this paper we analyze the relation between the preferred prefecture to live and their regional characteristics in Japan using the data of questionnaire survey conducted by GCOE program of Osaka University in 2009 and 2010. We found: 1) Most people are satisfied with the current residential...

This paper analyzes the political economy of public education and in-cash trans- fer in an overlapping generations model of a two-class society in which the dynamics of inequality is driven by the accumulation of human capital. The two redistributive policies are determined by voting, while...

We experimentally investigate the existence of the disposition effect and diminishing sensitivity as its potential cause. Our approach includes three key characteristics: (i) An environment closely resembling actual stock markets; (ii) Individual-specific reference prices; (iii) A direct test of...

Based on the relational perspective of work, we examine the role of job autonomy, social skill, and employee status as factors related to employee job crafting. We found that job autonomy and social skill both directly and interactively influenced job crafting for part-time employees in Japan....

Using a panel dataset of firms for the period 1999-2008, we estimated the prevalence of zombies among Japanese Small- and Medium-sized enterprises (SMEs) and their borrowing and investment behaviors. We observe that 4-14% of SMEs were zombie firms during the period 1999-2008. Analysis of...

We estimated the extent to which ezombief SMEs existed in Japan by using panel data set of firms and investigated borrowing and investment functions of ezombief SMEs. We found that 5%`13% of SMEs are ezombief firms. As for borrowing behavior, ezombief firms did not succeed in reducing their...

Externalities exist when companies perform sales activities (e.g., advertising and sales promotions). However, welfare analysis of policy effectiveness, such as taxation/regulation on sales activities, has not been sufficiently conducted. Existing studies have mainly focused on specifying the...