Journal of the Japanese and International Economies最新文献

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Juggling paid work and elderly care provision in Japan: Does a flexible work environment help family caregivers cope? 在日本平衡带薪工作和老年人护理:灵活的工作环境是否有助于家庭照顾者应对?
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.2021.101171
Yoko Niimi
{"title":"Juggling paid work and elderly care provision in Japan: Does a flexible work environment help family caregivers cope?","authors":"Yoko Niimi","doi":"10.1016/j.jjie.2021.101171","DOIUrl":"10.1016/j.jjie.2021.101171","url":null,"abstract":"<div><p>Using unique data from a Japanese survey, this paper examines whether flexible work arrangements targeted specifically at workers with caregiving responsibilities under the Child Care and Family Care Leave Act help family caregivers reconcile paid work with care provision. The regression results suggest that access to caregiver leave, which allows family caregivers to take a continuous leave of up to 93 days, is negatively and significantly associated with the probability of leaving one's job within one year of the onset of demand for parental care. This alleviating effect of access to caregiver leave remains robust even in the longer term and in a specification where we take into account the possible endogeneity of care provision to the labor supply decision. The findings of this paper thus suggest that the caregiver leave introduced pursuant to the Act in Japan helps meet the need of family caregivers to take a certain period of time off from work to make the necessary arrangements for accommodating the sudden and unexpected demand for elderly care in their daily lives.</p></div>","PeriodicalId":47082,"journal":{"name":"Journal of the Japanese and International Economies","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2021-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0889158321000502/pdfft?md5=f24b2828b07636e245e78815daaa313b&pid=1-s2.0-S0889158321000502-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75436980","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: 2
What types of houses remain vacant? Evidence from a municipality in Tokyo, Japan 哪些类型的房子仍然空置?证据来自日本东京的一个自治市
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.2021.101167
Yuki Kanayama , Taisuke Sadayuki
{"title":"What types of houses remain vacant? Evidence from a municipality in Tokyo, Japan","authors":"Yuki Kanayama ,&nbsp;Taisuke Sadayuki","doi":"10.1016/j.jjie.2021.101167","DOIUrl":"10.1016/j.jjie.2021.101167","url":null,"abstract":"<div><p>Preventing the occurrence of vacant houses and reutilizing existing vacant houses are two known ways of addressing housing vacancies. This study uses parcel-level data on single-family houses in the municipality of Toshima in Tokyo, Japan, to examine determinants of the occurrence and reutilization of vacant houses. The data reveal that, conditional on land prices, houses with restricted and costly redevelopment opportunities are more likely to become vacant. The results suggest that owners with such properties disregard the redevelopment potential and, as a result, tend to have a high reservation price relative to the market value. Consequently, owners face difficulty finding a transaction partner and even become reluctant to engage in a deal (i.e., they withdraw from the market). The results also suggest that revitalization of the neighborhood community may contribute to activating vacant houses. Local governments can use an empirical assessment such as this to implement efficient measures by targeting houses that have a high probability of becoming and remaining vacant.</p></div>","PeriodicalId":47082,"journal":{"name":"Journal of the Japanese and International Economies","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2021-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.jjie.2021.101167","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89356001","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
Immigration policy and demographic dynamics: Welfare analysis of an aging Japan 移民政策与人口动态:老龄化日本的福利分析
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.2021.101168
Akira Okamoto
{"title":"Immigration policy and demographic dynamics: Welfare analysis of an aging Japan","authors":"Akira Okamoto","doi":"10.1016/j.jjie.2021.101168","DOIUrl":"10.1016/j.jjie.2021.101168","url":null,"abstract":"<div><p>This study quantified the effects of immigration policies in an aging and depopulating Japan. Under a constant total number of immigrants, it focused on the optimal period for an immigration policy that maximized per-capita utility. Simulation results, based on an extended lifecycle simulation model with endogenous fertility, showed that a longer period immigration policy increased the future population and enhanced long-run economic growth. Conversely, a shorter period immigration policy enhanced economic growth in earlier years but less so in the long run. This study found that an optimal duration for an immigration policy, under the standard parameter settings for Japan, was nine years; this finding was derived through reconciling the merits and demerits between shorter and longer period immigration policies.</p></div>","PeriodicalId":47082,"journal":{"name":"Journal of the Japanese and International Economies","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2021-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.jjie.2021.101168","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82048399","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: 5
The aging society, savings rates, and regional flow of funds in Japan 日本老龄化社会、储蓄率与区域资金流动
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.2021.101165
Shin-ichi Fukuda , Koki Okumura
{"title":"The aging society, savings rates, and regional flow of funds in Japan","authors":"Shin-ichi Fukuda ,&nbsp;Koki Okumura","doi":"10.1016/j.jjie.2021.101165","DOIUrl":"10.1016/j.jjie.2021.101165","url":null,"abstract":"<div><p>This study examines the impact of population aging on regional savings rates in Japan, with particular attention to the regional flow of funds. Population aging has a positive impact on the average savings rate when the working-age population is large, it but has a negative impact when the working-age population decreases. Our empirical results, based on prefecture-level panel data, support the theoretical implication. After the mid-1990s, the working-age population declined, and the retired age population increased in many prefectures. As a result, population aging, which had a positive effect on the regional savings rate until the mid-1990s, came to have a negative effect thereafter. The empirical results suggest that in rural economies where deposits exceeded loans in the past, deposits are expected to decline due to the aging of society, resulting in a shortage of funds in the near future.</p></div>","PeriodicalId":47082,"journal":{"name":"Journal of the Japanese and International Economies","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2021-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.jjie.2021.101165","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123143476","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: 8
The macroeconomic effects of monetary policy: Evidence from Japan 货币政策的宏观经济效应:来自日本的证据
IF 2.9 3区 经济学
Journal of the Japanese and International Economies Pub Date : 2021-09-01 DOI: 10.1016/j.jjie.2021.101149
Ryoya Nagao , Yoshihiro Kondo , Yoshiyuki Nakazono
{"title":"The macroeconomic effects of monetary policy: Evidence from Japan","authors":"Ryoya Nagao ,&nbsp;Yoshihiro Kondo ,&nbsp;Yoshiyuki Nakazono","doi":"10.1016/j.jjie.2021.101149","DOIUrl":"10.1016/j.jjie.2021.101149","url":null,"abstract":"<div><p>This study examines the macroeconomic effects of monetary policy in Japan. We apply the new identification strategy proposed by Bu et al. (2021) to the Japanese case and estimate monetary policy shocks that bridge periods of conventional and unconventional monetary policymaking. We show the macroeconomic effects of monetary policy; a contractionary monetary policy shock significantly decreases output and inflation rates even under the effective lower bound. However, because the shorter-term and longer-term nominal interest rates are already close to zero, the magnitude of monetary policy shocks on the macroeconomic variables is modest.</p></div>","PeriodicalId":47082,"journal":{"name":"Journal of the Japanese and International Economies","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2021-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.jjie.2021.101149","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89499142","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: 4
Does the productivity J-curve exist in Japan?-Empirical studies based on the multiple q theory 日本存在生产率j曲线吗?-基于多重q理论的实证研究
IF 2.9 3区 经济学
Journal of the Japanese and International Economies Pub Date : 2021-09-01 DOI: 10.1016/j.jjie.2021.101137
Tsutomu Miyagawa , Konomi Tonogi , Takayuki Ishikawa
{"title":"Does the productivity J-curve exist in Japan?-Empirical studies based on the multiple q theory","authors":"Tsutomu Miyagawa ,&nbsp;Konomi Tonogi ,&nbsp;Takayuki Ishikawa","doi":"10.1016/j.jjie.2021.101137","DOIUrl":"https://doi.org/10.1016/j.jjie.2021.101137","url":null,"abstract":"<div><p>Brynjolfsson, Rock, and Syverson (2021) argued that the standard TFP growth is low during an investment boom for new technology such as the IT revolution. As the new capital is operated and productivity improves, the shape of the movements in the standard productivity growth resembles a J-curve. However, when costs associated with investment for new technology are recognized as intangible investment - which is not counted in the conventional value added –, the revised TFP growth including these unmeasured intangibles show different movements from the standard TFP growth. Following Brynjolfsson, Rock, and Syverson (2021), we examine the gap between the standard TFP growth and the revised TFP growth. According to their theory, unmeasured intangibles are estimated by the gap between the shadow value and the price of investment goods. We obtain this shadow value of investment through an estimated parameter in each asset using listed firm-level data and revise the standard TFP growth rate. In the case of all industries, the standard TFP growth is overestimated in most years in the late 1990s and the 2000s, because the growth in intangible investment associated with measured investment is lower than measured capital accumulation rate. When we focus on the IT-intensive industries, we find the productivity J-curve in the late 1990s, at the early stage of the IT revolution, as indicated by Brynjolfsson, Rock and Syverson (2021).</p></div>","PeriodicalId":47082,"journal":{"name":"Journal of the Japanese and International Economies","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2021-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.jjie.2021.101137","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"91640348","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: 2
Share repurchases on the Tokyo Stock Exchange Trading Network 东京证券交易所交易网络上的股票回购
IF 2.9 3区 经济学
Journal of the Japanese and International Economies Pub Date : 2021-09-01 DOI: 10.1016/j.jjie.2021.101148
Koji Ota , David Lau
{"title":"Share repurchases on the Tokyo Stock Exchange Trading Network","authors":"Koji Ota ,&nbsp;David Lau","doi":"10.1016/j.jjie.2021.101148","DOIUrl":"https://doi.org/10.1016/j.jjie.2021.101148","url":null,"abstract":"<div><p>Tokyo Stock Exchange Trading Network (ToSTNeT) is a unique market in Japan in which firms can repurchase their shares during off-auction hours at a fixed price within a very short timeframe. In this study, we uncover a drawback in ToSTNeT which appears to have been exploited by managers of the repurchasing firms to favour certain sellers who have close economic ties with the firms. Further investigations reveal that it is impractical for retail investors to sell their shares on ToSTNeT. Our study proposes recommendations of regulatory and policy changes for the Tokyo Stock Exchange that may help tighten the loophole in ToSTNeT and safeguard the integrity of share repurchases in Japan.</p></div>","PeriodicalId":47082,"journal":{"name":"Journal of the Japanese and International Economies","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2021-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.jjie.2021.101148","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"91640349","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: 2
Management practices and productivity in Japan: Evidence from six industries in JP MOPS 日本的管理实践和生产力:来自JP MOPS的六个行业的证据
IF 2.9 3区 经济学
Journal of the Japanese and International Economies Pub Date : 2021-09-01 DOI: 10.1016/j.jjie.2021.101152
Ryo Kambayashi , Atsushi Ohyama , Nobuko Hori
{"title":"Management practices and productivity in Japan: Evidence from six industries in JP MOPS","authors":"Ryo Kambayashi ,&nbsp;Atsushi Ohyama ,&nbsp;Nobuko Hori","doi":"10.1016/j.jjie.2021.101152","DOIUrl":"https://doi.org/10.1016/j.jjie.2021.101152","url":null,"abstract":"<div><p>We use the Japanese Management and Organizational Practices Survey (JP MOPS) across six industries to understand the unique and general features of Japanese management practices and their impact on productivity. This study uses management scores, constructed from survey questions about management practices, that intend to measure the quality of operational efficiency embedded in a set of management practices. Our analyses reveal several interesting and shared features of Japanese management practices. First, there is substantial variation in management scores across establishments in each industry. Second, the patterns of management practices and their association with potential drivers are quite similar across the six industries. Third, management scores are high when establishments recognize that they face many competitors. Fourth, management scores are positively associated with labor productivity in most industries. Finally, labor shares decline with management scores. This study shows important roles played by management practices in establishment and firm activities.</p></div>","PeriodicalId":47082,"journal":{"name":"Journal of the Japanese and International Economies","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2021-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.jjie.2021.101152","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90003649","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
Management practices and productivity in Japan: Evidence from six industries in JP MOPS 日本的管理实践和生产力:来自JP MOPS的六个行业的证据
IF 2.9 3区 经济学
Journal of the Japanese and International Economies Pub Date : 2021-09-01 DOI: 10.1016/J.JJIE.2021.101152
Ryo Kambayashi, Atsushi Ohyama, Nobuko Hori
{"title":"Management practices and productivity in Japan: Evidence from six industries in JP MOPS","authors":"Ryo Kambayashi, Atsushi Ohyama, Nobuko Hori","doi":"10.1016/J.JJIE.2021.101152","DOIUrl":"https://doi.org/10.1016/J.JJIE.2021.101152","url":null,"abstract":"","PeriodicalId":47082,"journal":{"name":"Journal of the Japanese and International Economies","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2021-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79191255","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: 0
Foreign Ownership, Exporting and Gender Wage Gaps: Evidence from Japanese Linked Employer-Employee Data 外资所有权、出口和性别工资差距:来自日本关联雇主-雇员数据的证据
IF 2.9 3区 经济学
Journal of the Japanese and International Economies Pub Date : 2021-09-01 DOI: 10.1016/j.jjie.2021.101151
Theresa M. Greaney , Ayumu Tanaka
{"title":"Foreign Ownership, Exporting and Gender Wage Gaps: Evidence from Japanese Linked Employer-Employee Data","authors":"Theresa M. Greaney ,&nbsp;Ayumu Tanaka","doi":"10.1016/j.jjie.2021.101151","DOIUrl":"https://doi.org/10.1016/j.jjie.2021.101151","url":null,"abstract":"<div><p>We explore potential relationships between international economic activities and gender wage gaps (GWGs) using linked employer-employee data for Japan. We find evidence that exporting and multinational activities are associated with reduced GWGs. Domestic-owned firms that neither export nor invest abroad (i.e., domestic-only firms) report the largest GWG, followed by Japanese-owned multinational enterprises (JMNE), then by locally-owned exporters that do not invest abroad and finally by foreign-owned multinational enterprises (FMNE). We separate FMNE by mode of entry and confirm that FMNE established by greenfield investment deviate more than FMNE established by merger and acquisition from domestic-only firms in terms of wages. Greenfield-born FMNE are associated with the smallest GWG and largest gender-neutral wage premium among the firm types. The estimated GWG among Greenfield-born FMNE is almost 12 percentage-points lower than the 26.8 percent prevailing at domestic-only firms.</p></div>","PeriodicalId":47082,"journal":{"name":"Journal of the Japanese and International Economies","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2021-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.jjie.2021.101151","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"91640350","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: 9
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