| Budget Amount *help |
¥3,380,000 (Direct Cost: ¥2,600,000、Indirect Cost: ¥780,000)
Fiscal Year 2014: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2013: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
Fiscal Year 2012: ¥1,560,000 (Direct Cost: ¥1,200,000、Indirect Cost: ¥360,000)
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| Outline of Final Research Achievements |
Using micro data of households since the 1990's, this research has investigated various economic factors related to current policy issues in Japan. First, to address an issue of consumption behavior of elderly, we examine whether a retirement-consumption puzzle is observed, and, if it is the case, what the reasons are. Our new panel data shows that households' expenditure does decline after the retirement and that the decline is correlated with the decline in income. Second, to consider the long-run impacts of the rise in the youth unemployment rate, we test whether the first job status at her graduation year, which is affected by macroeconomic conditions at the time, matters her future job status. Though it matters, the effect would disappear if she can secure regular employment within a few years after graduation. Finally, about the inequality, higher income households are likely to receive larger asset transfers, the contribution of which to asset inequality appears to be limited.
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