Journal of the Japanese and International Economies最新文献_第8页

The heterogeneous effects of COVID-19 on labor markets: People’s movement and non-pharmaceutical interventions 2019冠状病毒病对劳动力市场的异质性影响:人员流动和非药物干预

IF 2.9 3区经济学

Journal of the Japanese and International Economies Pub Date : 2022-03-01 DOI: 10.1016/j.jjie.2021.101170

Kisho Hoshi , Hiroyuki Kasahara , Ryo Makioka , Michio Suzuki , Satoshi Tanaka

{"title":"The heterogeneous effects of COVID-19 on labor markets: People’s movement and non-pharmaceutical interventions","authors":"Kisho Hoshi , Hiroyuki Kasahara , Ryo Makioka , Michio Suzuki , Satoshi Tanaka","doi":"10.1016/j.jjie.2021.101170","DOIUrl":"10.1016/j.jjie.2021.101170","url":null,"abstract":"<div><p>The paper investigates the heterogeneous effect of a policy-induced decline in people’s mobility on the Japanese labor market outcome during the early COVID-19 period. Regressing individual-level labor market outcomes on prefecture-level mobility changes using policy stringency index as an instrument, our two-stage least squares estimator presents the following findings. First, the number of people absent from work increased for all groups of individuals, but the magnitude was greater for workers with non-regular employment status, low-educated people, females especially with children, and those aged 31 to 45 years. Second, while work hours decreased for most groups, the magnitude was especially greater for business owners without employees and those aged 31 to 45. Third, the negative effect on unemployment was statistically significant for older males who worked as regular workers in the previous year. The impact was particularly considerable for those aged 60 and 65, thus suggesting that they lost their re-employment opportunity due to COVID-19. Fourth, all these adverse effects were greater for people working in service and sales occupations. Fifth, a counterfactual experiment of more stringent policies indicates that while an average worker would lose JPY 3857 in weekly earnings by shortening their work hours, the weekly loss for those aged 31 to 45 years and working in service and sales occupations would be about JPY 13,842.</p></div>","PeriodicalId":47082,"journal":{"name":"Journal of the Japanese and International Economies","volume":"63 ","pages":"Article 101170"},"PeriodicalIF":2.9,"publicationDate":"2022-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8585374/pdf/","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"10740032","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 10

The impact of firms’ international trade on domestic suppliers: The case of Japan 企业国际贸易对国内供应商的影响:以日本为例

IF 2.9 3区经济学

Journal of the Japanese and International Economies Pub Date : 2022-03-01 DOI: 10.1016/j.jjie.2021.101188

Masahiro Endoh

引用次数: 1

Peer effects on job satisfaction from exposure to elderly workers 年长员工对工作满意度的同伴效应

IF 2.9 3区经济学

Journal of the Japanese and International Economies Pub Date : 2022-03-01 DOI: 10.1016/j.jjie.2021.101183

Yuji Kawata , Hideo Owan

{"title":"Peer effects on job satisfaction from exposure to elderly workers","authors":"Yuji Kawata , Hideo Owan","doi":"10.1016/j.jjie.2021.101183","DOIUrl":"10.1016/j.jjie.2021.101183","url":null,"abstract":"<div><p><span>The Elderly Employment Stabilization Law, revised in 2006, helped the government increase elderly employment. While there has been much debate on whether the reemployment of elderly workers has substituted for or increased the employment of young workers, little attention has been paid to the potential peer effects of the former group on the latter’s productivity and other outcomes in the workplace. There might be knowledge </span>spillovers from elderly workers to peers (positive peer effects) or the presence of unmotivated elderly workers lowering the morale of their coworkers (negative peer effects). In this paper, we investigate such peer effects from exposure to elderly workers using the employee satisfaction survey of a Japanese firm. We show that, on average, elderly workers do not have significant peer effects on coworkers’ satisfaction. However, the effects are heterogeneous depending on the ability of elderly workers as measured by their wages, and the age and job levels of their peers. Namely, nonmanagerial workers, particularly those in their 50s, are more satisfied and coworkers in their 30s and 40s receive more training when they work with elderly workers. The positive effects are significant when the focal elderly workers come from other units rather than when they stay in the same units implying that the sharing of broad experience might mediate the effect. In contrast, the presence of elderly workers makes first-line managers feel that there is poor communication in the workplace.</p></div>","PeriodicalId":47082,"journal":{"name":"Journal of the Japanese and International Economies","volume":"63 ","pages":"Article 101183"},"PeriodicalIF":2.9,"publicationDate":"2022-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80037260","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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

Lerner meets Metzler: Tariff pass-through of worldwide trade 勒纳与梅茨勒相遇:全球贸易的关税传递

IF 2.9 3区经济学

Journal of the Japanese and International Economies Pub Date : 2022-03-01 DOI: 10.1016/j.jjie.2021.101173

Kazunobu Hayakawa , Tadashi Ito , Hiroshi Mukunoki

{"title":"Lerner meets Metzler: Tariff pass-through of worldwide trade","authors":"Kazunobu Hayakawa , Tadashi Ito , Hiroshi Mukunoki","doi":"10.1016/j.jjie.2021.101173","DOIUrl":"10.1016/j.jjie.2021.101173","url":null,"abstract":"<div><p>In this study, we quantify the worldwide tariff pass-through, that is, the impact of tariff reductions on trade prices. Some estimations show that a one-percentage-point reduction in tariffs decreases trade prices by approximately 0.1% (Lerner paradox). To determine the mechanism underlying this result, we decompose trade prices into product quality and quality-adjusted trade prices. We find that a one-percentage-point reduction in tariff rates decreases product quality by approximately 1.6% and increases quality-adjusted trade prices by approximately 1.5% (Metzler-like paradox in terms of quality-adjusted price). Thus, we construct a theoretical model to demonstrate the mechanism behind these empirical results. We suggest that both a firm-delocation mechanism under variable markups and a quality-sorting mechanism are the driving forces behind these empirical findings. Finally, we examine the welfare effect of tariff changes by employing this theoretical model. Despite the large decrease in trade prices, trade liberalization worsens consumer welfare.</p></div>","PeriodicalId":47082,"journal":{"name":"Journal of the Japanese and International Economies","volume":"63 ","pages":"Article 101173"},"PeriodicalIF":2.9,"publicationDate":"2022-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0889158321000526/pdfft?md5=31c6f43bcae6949bdb605fc0976c5f57&pid=1-s2.0-S0889158321000526-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75534481","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

Property tax and farmland use in urban areas: Evidence from the reform in the early 1990s in Japan 财产税与城市农地使用:来自日本90年代初改革的证据

IF 2.9 3区经济学

Journal of the Japanese and International Economies Pub Date : 2022-03-01 DOI: 10.1016/j.jjie.2021.101185

Tomomi Miyazaki , Motohiro Sato

引用次数: 4

The effects of a megabank merger on firm-Bank relationships and loan availability 大型银行合并对公司-银行关系和贷款可得性的影响

IF 2.9 3区经济学

Journal of the Japanese and International Economies Pub Date : 2022-03-01 DOI: 10.1016/j.jjie.2021.101189

Taisuke Uchino , Iichiro Uesugi

{"title":"The effects of a megabank merger on firm-Bank relationships and loan availability","authors":"Taisuke Uchino , Iichiro Uesugi","doi":"10.1016/j.jjie.2021.101189","DOIUrl":"10.1016/j.jjie.2021.101189","url":null,"abstract":"<div><p>We examine the effects of the largest-ever bank merger in the world at the time on unlisted firms through their firm-bank relationships to find the following: (1) Firms that transacted with both of the merged banks prior to the merger saw their borrowing costs increase by 13 bps relative to those that transacted with only one of them. (2) Firms that transacted with only one of the two merged banks saw their borrowing costs increase by a margin of 15 bps and a decrease in the amount of loans relative to firms that transacted with neither. The deterioration in borrowing conditions is more pronounced for smaller firms. (3) Despite the deterioration in firms’ borrowing conditions, there is no evidence of a persistent decline in borrower firms’ investment or sales. (4) There is no significant difference in the extent that borrowing costs increased and loan amounts decreased between firms that transacted with the acquiring bank and those that transacted with the acquired bank.</p></div>","PeriodicalId":47082,"journal":{"name":"Journal of the Japanese and International Economies","volume":"63 ","pages":"Article 101189"},"PeriodicalIF":2.9,"publicationDate":"2022-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S088915832100068X/pdfft?md5=6dc7f00971028fc5f4b988525f1861e5&pid=1-s2.0-S088915832100068X-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"91253655","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 5

Natural trading partners versus empires in East and Southeast Asia regional integration (1840-1938) 自然贸易伙伴与东亚和东南亚地区一体化的帝国(1840-1938)

IF 2.9 3区经济学

Journal of the Japanese and International Economies Pub Date : 2022-03-01 DOI: 10.1016/j.jjie.2021.101184

Alejandro Ayuso-Díaz

引用次数: 0

Fiscal rules and creative accounting: Evidence from Japanese municipalities 财政规则和创造性会计:来自日本市政当局的证据

IF 2.9 3区经济学

Journal of the Japanese and International Economies Pub Date : 2022-03-01 DOI: 10.1016/j.jjie.2021.101172

Haruaki Hirota , Hideo Yunoue

{"title":"Fiscal rules and creative accounting: Evidence from Japanese municipalities","authors":"Haruaki Hirota , Hideo Yunoue","doi":"10.1016/j.jjie.2021.101172","DOIUrl":"10.1016/j.jjie.2021.101172","url":null,"abstract":"<div><p>This paper analyzes a new fiscal rule and creative accounting using stock-flow adjustments. Previous studies investigate creative accounting using country- or state-level data, although the definitions of creative accounting differ depending on the study. We contribute to the literature on creative accounting by using Japanese municipality data from FY2007 to FY2010, following von Hagen and Wolff (2006). We focus on stock-flow adjustments by considering the relationship between the increase in the change in debt stock and the decrease in the deficit to measure creative accounting. Our contribution is the finding that municipalities engage in stock-flow adjustments by increasing their expenditures and revenues through intergovernmental transfers, which represents creative accounting because it allows municipalities to delay improving their fiscal conditions. To evaluate a new fiscal rule, we should check not only the targeted indexes but also the untargeted indexes, which municipalities do not have an incentive to control.</p></div>","PeriodicalId":47082,"journal":{"name":"Journal of the Japanese and International Economies","volume":"63 ","pages":"Article 101172"},"PeriodicalIF":2.9,"publicationDate":"2022-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0889158321000514/pdfft?md5=55c29f14e09feb0da4d7c4f6d0fc587a&pid=1-s2.0-S0889158321000514-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73579734","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 5

The effects of employment support programs on public assistance recipients: The case of a Japanese municipality program 就业支持计划对公共援助受助人的影响:以日本市政计划为例

IF 2.9 3区经济学

Journal of the Japanese and International Economies Pub Date : 2022-03-01 DOI: 10.1016/j.jjie.2021.101186

Kodai Matsumoto

引用次数: 0

The impact of bequest motives on labor supply and retirement behavior in Japan: A theoretical and empirical analysis 遗赠动机对日本劳动力供给和退休行为的影响:理论与实证分析

IF 2.9 3区经济学

Journal of the Japanese and International Economies Pub Date : 2021-12-01 DOI: 10.1016/j.jjie.2021.101166

Charles Yuji Horioka , Emin Gahramanov , Aziz Hayat , Xueli Tang

{"title":"The impact of bequest motives on labor supply and retirement behavior in Japan: A theoretical and empirical analysis","authors":"Charles Yuji Horioka , Emin Gahramanov , Aziz Hayat , Xueli Tang","doi":"10.1016/j.jjie.2021.101166","DOIUrl":"10.1016/j.jjie.2021.101166","url":null,"abstract":"<div><p>Do individuals who want to leave a bequest work more and retire later than other individuals? Does the reason for wanting to leave a bequest (altruism vs. exchange) matter? In this paper, we conduct a theoretical and empirical analysis of the impact of bequest motives on the labor supply and retirement behavior of households in Japan, and to the best of our knowledge, it is virtually the first paper to do so. We conduct an empirical analysis using micro data from a unique survey—the Preference Parameters Study of Osaka University—and show that respondents with an altruistic or strategic/exchange bequest motive work more at the intensive margin than those without any bequest motive but that respondents with a strategic or exchange bequest motive work less at the extensive margin (i.e., retire earlier) than those without any bequest motive. Our findings for the strategic or exchange motive suggest that respondents with such a motive tend to work more than others before they retire so that they can earn more, leave a larger bequest to their children, and elicit more care from them but that they tend to retire earlier than others so that they can start receiving care for themselves and their spouses from their children sooner. Our findings have important policy implications because they imply that inheritance taxes may affect people's labor supply and retirement behavior by influencing the strength of their bequest motives and that these effects may differ by the type of bequest motive.</p></div>","PeriodicalId":47082,"journal":{"name":"Journal of the Japanese and International Economies","volume":"62 ","pages":"Article 101166"},"PeriodicalIF":2.9,"publicationDate":"2021-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.jjie.2021.101166","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83997536","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0