This paper empirically examines the relationship between income risk and mortgage instrument choice among Japanese … households. Since theoretical predictions about the impact of income risks on mortgage choice are mixed, it is important to … measures of income variability and unemployment risk that capture the income risk of the specific household. Our empirical …

Tan Theng) -- 9 Institutions, Deindustrialization, and Functional Income Distribution in Japan (Kyoji Fukao and Cristiano … Routinization Explain the Evolution of the Labor Share of Income? Evidence from Asia (Mitali Das) -- 3 The Labor Share of Income … Income Share (Yoko Oishi, Ken Suzuki and Saumik Paul) -- 6 Democracy and the Labor Share of Income: A Cross-Country Analysis …