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Family Policies and Female Employment in Japan 日本的家庭政策与女性就业
IF 1.2 4区 经济学
Japanese Economic Review Pub Date : 2017-02-05 DOI: 10.1111/jere.12136
Shintaro Yamaguchi
{"title":"Family Policies and Female Employment in Japan","authors":"Shintaro Yamaguchi","doi":"10.1111/jere.12136","DOIUrl":"https://doi.org/10.1111/jere.12136","url":null,"abstract":"<p>This paper discusses how childcare and parental leave policies affect female employment by reviewing the international evidence and recent papers on Japan. These papers estimate causal effects of policies by exploiting policy changes, which is a more credible identification strategy than those applied in earlier observational studies. The literature on parental leave finds that a more generous leave package tends to delay mothers’ return to work, but it does not have detrimental effects on maternal labour supply in the medium to long run. Some papers also find that provision of job protection for around 1 year can increase maternal employment, but longer job protection has little additional effects. The literature on childcare policies finds that maternal employment does not necessarily increase, because the expansion of childcare may crowd out informal childcare arrangements, such as care provided by grandparents. Findings by recent papers on Japan are largely consistent with the international evidence.</p>","PeriodicalId":45642,"journal":{"name":"Japanese Economic Review","volume":"68 3","pages":"305-322"},"PeriodicalIF":1.2,"publicationDate":"2017-02-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/jere.12136","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"92194024","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 12
Do Bank Loans To Financially Distressed Firms Lead To Innovation? 银行贷款给陷入财务困境的公司会带来创新吗?
IF 1.2 4区 经济学
Japanese Economic Review Pub Date : 2016-12-12 DOI: 10.1111/jere.12131
Minjung Kim, Jungsoo Park
{"title":"Do Bank Loans To Financially Distressed Firms Lead To Innovation?","authors":"Minjung Kim,&nbsp;Jungsoo Park","doi":"10.1111/jere.12131","DOIUrl":"10.1111/jere.12131","url":null,"abstract":"This study scrutinizes the association between a bank loan to a financially distressed firm and technological innovation. Using probit model estimations based on a comprehensive Korean manufacturing firm-level data set on innovation and bank loans, we first find that a bank loan to a troubled firm with a weak incentive system has no or little effect on innovation. Second, beneficial effects on innovation are observed when the firm has a strong incentive-based pay system. Third, financially distressed firms with strong incentive systems pursue product innovation rather than process innovation. Finally, the innovation performance of these firms strengthens with more stable financing.","PeriodicalId":45642,"journal":{"name":"Japanese Economic Review","volume":"68 2","pages":"244-256"},"PeriodicalIF":1.2,"publicationDate":"2016-12-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/jere.12131","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133821105","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 3
Considering Collective Choice: The Route 328 Problem in Kodaira City 考虑集体选择:小平市328公路问题
IF 1.2 4区 经济学
Japanese Economic Review Pub Date : 2016-12-12 DOI: 10.1111/jere.12115
Toyotaka Sakai
{"title":"Considering Collective Choice: The Route 328 Problem in Kodaira City","authors":"Toyotaka Sakai","doi":"10.1111/jere.12115","DOIUrl":"https://doi.org/10.1111/jere.12115","url":null,"abstract":"<p>A local referendum was held in Kodaira City, Tokyo on 26 May 2013, but the voting box remained sealed. This was because the voter turnout did not reach the 50% threshold for opening the box. Based on the Rousseauian view on voting, we argue that this hurdle is unjustifiable and further question the adequacy of the local referendum even without such a hurdle. Finally, we examine the use of economic mechanisms for this type of collective choice instead of voting.</p>","PeriodicalId":45642,"journal":{"name":"Japanese Economic Review","volume":"68 3","pages":"323-332"},"PeriodicalIF":1.2,"publicationDate":"2016-12-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/jere.12115","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"92292411","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Job Creation and Destruction: New Evidence on the Role of Small Versus Young Firms in Korea 就业创造与破坏:韩国小企业与年轻企业角色的新证据
IF 1.2 4区 经济学
Japanese Economic Review Pub Date : 2016-12-05 DOI: 10.1111/jere.12133
Janghee Cho, Hyunbae Chun, Hongjun Kim, Yoonsoo Lee
{"title":"Job Creation and Destruction: New Evidence on the Role of Small Versus Young Firms in Korea","authors":"Janghee Cho,&nbsp;Hyunbae Chun,&nbsp;Hongjun Kim,&nbsp;Yoonsoo Lee","doi":"10.1111/jere.12133","DOIUrl":"10.1111/jere.12133","url":null,"abstract":"<p>Using the Census on Establishments data in Korea, the present study revisits the role of firm age and size to explain aggregate employment dynamics. We confirm the finding of Haltiwanger <i>et al</i>. that no systematic inverse relationship exists between net job growth and firm size once firm age is controlled for. We find that small businesses are driving forces of aggregate employment growth but that such high growth is mostly driven by the entry of very small firms, which is offset by job destructions of a similar magnitude. Moreover, entrepreneurial activity occurs among very small firms, whereas large start-ups are rarely observed.</p>","PeriodicalId":45642,"journal":{"name":"Japanese Economic Review","volume":"68 2","pages":"173-187"},"PeriodicalIF":1.2,"publicationDate":"2016-12-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/jere.12133","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121141099","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 13
The Dynamic Relationship Between Corruption–Inflation: Evidence From Panel Vector Autoregression 腐败与通货膨胀的动态关系:来自面板向量自回归的证据
IF 1.2 4区 经济学
Japanese Economic Review Pub Date : 2016-12-05 DOI: 10.1111/jere.12134
Seifallah Sassi, Amira Gasmi
{"title":"The Dynamic Relationship Between Corruption–Inflation: Evidence From Panel Vector Autoregression","authors":"Seifallah Sassi,&nbsp;Amira Gasmi","doi":"10.1111/jere.12134","DOIUrl":"10.1111/jere.12134","url":null,"abstract":"<p>This paper aims to explain the mixed causality nexus between corruption and inflation. For that, we apply a panel vector autoregression model on a large sample of 180 countries over the period 1996–2014. Using two corruption indexes and subsample estimations, results provide evidence that the inflation–corruption nexus is bidirectional. The causal effect is more important from corruption to inflation. Interactions remain significant but heterogeneous across subsamples with different income levels. The corruption effect is persistent only in low–middle income economies and its adverse effect on inflation is weaker in high-income economies. The two-way relationship between inflation and corruption reflects the inability to control inflation and the situation of the poverty trap in some countries.</p>","PeriodicalId":45642,"journal":{"name":"Japanese Economic Review","volume":"68 4","pages":"458-469"},"PeriodicalIF":1.2,"publicationDate":"2016-12-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/jere.12134","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126713678","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 13
Aggregate and Firm-level Volatility in the Japanese Economy 日本经济的总体和企业层面波动
IF 1.2 4区 经济学
Japanese Economic Review Pub Date : 2016-11-28 DOI: 10.1111/jere.12132
Young Gak Kim, Hyeog Ug Kwon
{"title":"Aggregate and Firm-level Volatility in the Japanese Economy","authors":"Young Gak Kim,&nbsp;Hyeog Ug Kwon","doi":"10.1111/jere.12132","DOIUrl":"10.1111/jere.12132","url":null,"abstract":"<p>In this paper, we investigate the volatility of sales at the firm and the aggregate level using the longitudinal data set of the <i>Financial Statements Statistics of Corporations</i> (FSSC). The main findings are as follows. First, firm-level volatility decreased until the mid-1990s, but then increased again. Second, aggregate-level volatility steadily decreased until the mid-1990s and remained low after that. Third, decomposing the total variance of the growth rate of aggregated sales, we find that the divergence between firm-level and aggregate-level volatility is caused by the drastic decline and subsequent low level of the covariance of sales growth between different firms and the increase in individual firms' sales volatility.</p>","PeriodicalId":45642,"journal":{"name":"Japanese Economic Review","volume":"68 2","pages":"158-172"},"PeriodicalIF":1.2,"publicationDate":"2016-11-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/jere.12132","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"113938300","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 3
Start-up Dynamics In Japan: Comparative Evidence From the Dynemp v.2 Database 日本创业动态:来自Dynemp v.2的比较证据数据库
IF 1.2 4区 经济学
Japanese Economic Review Pub Date : 2016-11-18 DOI: 10.1111/jere.12130
Flavio Calvino, Chiara Criscuolo, Kenta Ikeuchi, Carlo Menon
{"title":"Start-up Dynamics In Japan: Comparative Evidence From the Dynemp v.2 Database","authors":"Flavio Calvino,&nbsp;Chiara Criscuolo,&nbsp;Kenta Ikeuchi,&nbsp;Carlo Menon","doi":"10.1111/jere.12130","DOIUrl":"10.1111/jere.12130","url":null,"abstract":"<p>The present paper describes the patterns of entry and post-entry growth in the Japanese manufacturing sector over the 2001–2007 period, pointing to similarities and differences with other countries. The paper also presents a detailed characterization of start-up dynamics at a more detailed (two-digit) sectoral level within the manufacturing sector. The analysis shows that in Japan the entry and growth of start-ups contribute relatively little to net job creation, as compared to other countries. The main reasons are a particularly low start-up rate and a growth rate of surviving new businesses that is among the lowest in the sample of countries analysed.</p>","PeriodicalId":45642,"journal":{"name":"Japanese Economic Review","volume":"68 2","pages":"188-199"},"PeriodicalIF":1.2,"publicationDate":"2016-11-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/jere.12130","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131063492","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Spatial Cournot competition in a circular city with more than two dispatches 空间古诺竞赛在一个有两个以上调度的圆形城市
IF 1.2 4区 经济学
Japanese Economic Review Pub Date : 2016-11-07 DOI: 10.1111/jere.12120
Chia-Hung Sun, Jyh-Fa Tsai, Fu-Chuan Lai
{"title":"Spatial Cournot competition in a circular city with more than two dispatches","authors":"Chia-Hung Sun,&nbsp;Jyh-Fa Tsai,&nbsp;Fu-Chuan Lai","doi":"10.1111/jere.12120","DOIUrl":"10.1111/jere.12120","url":null,"abstract":"<p>This paper investigates spatial Cournot competition in a circular city, where the maximal service range of a vehicle is less than half of the perimeter, and a firm needs to initiate more than two dispatches to serve the whole market. We examine a multi-stage game of location and transportation mode choices, and the subsequent quantity competition between duopoly firms. The findings reveal that non-maximum dispersion is the unique location equilibrium when duopoly firms deliver products in different transportation modes or when the transportation mode decisions are made endogenously and the fixed cost of a transportation instrument is relatively high.</p>","PeriodicalId":45642,"journal":{"name":"Japanese Economic Review","volume":"68 4","pages":"413-442"},"PeriodicalIF":1.2,"publicationDate":"2016-11-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/jere.12120","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121609458","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
Bond Supply and Excess Bond Returns in Zero-Lower Bound and Normal Environments: Evidence from Japan 零下限和正常环境下的债券供给与超额收益:来自日本的证据
IF 1.2 4区 经济学
Japanese Economic Review Pub Date : 2016-11-03 DOI: 10.1111/jere.12117
Junko Koeda
{"title":"Bond Supply and Excess Bond Returns in Zero-Lower Bound and Normal Environments: Evidence from Japan","authors":"Junko Koeda","doi":"10.1111/jere.12117","DOIUrl":"10.1111/jere.12117","url":null,"abstract":"<p>We estimate a discrete-time version of the Vayanos and Vila (2009) preferred-habitat model, using Japanese government bond yield data. The estimated results indicate that bond excess returns become more sensitive to bond supply in the absence of a zero lower bound constraint unless arbitrageurs become willing to take on more risk.</p>","PeriodicalId":45642,"journal":{"name":"Japanese Economic Review","volume":"68 4","pages":"443-457"},"PeriodicalIF":1.2,"publicationDate":"2016-11-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/jere.12117","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125640364","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 8
Distributional preference in Japan 日本的分配偏好
IF 1.2 4区 经济学
Japanese Economic Review Pub Date : 2016-10-25 DOI: 10.1111/jere.12112
Keigo Kameda, Miho Sato
{"title":"Distributional preference in Japan","authors":"Keigo Kameda,&nbsp;Miho Sato","doi":"10.1111/jere.12112","DOIUrl":"https://doi.org/10.1111/jere.12112","url":null,"abstract":"<p>Using experiments developed by Engelmann and Strobel (<span>2004</span>), this study investigates distributional preference in Japan. We find that just over half the people in the study have a maximin preference, approximately 7 to 19% have an efficiency preference, approximately 8% have a self-interest preference, and approximately 18% chose the allocation that would reduce the payoff to the rich and the poor, given that her/his payoff would remain constant. The last preference could be interpreted as what is referred to as “malice”, “deep envy” or a “feeling of vulnerability” in behavioural economics and cross-cultural psychology.</p>","PeriodicalId":45642,"journal":{"name":"Japanese Economic Review","volume":"68 3","pages":"394-408"},"PeriodicalIF":1.2,"publicationDate":"2016-10-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/jere.12112","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"92311169","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
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