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Inequality dynamics, underemployment, and secular stagnation

研究課題

研究課題/領域番号 21K13261
研究種目

若手研究

配分区分基金
審査区分 小区分07010:理論経済学関連
研究機関上智大学

研究代表者

SCHLEGL Matthias  上智大学, 経済学部, 准教授 (50844982)

研究期間 (年度) 2021-04-01 – 2026-03-31
研究課題ステータス 交付 (2023年度)
配分額 *注記
4,550千円 (直接経費: 3,500千円、間接経費: 1,050千円)
2025年度: 780千円 (直接経費: 600千円、間接経費: 180千円)
2024年度: 780千円 (直接経費: 600千円、間接経費: 180千円)
2023年度: 1,040千円 (直接経費: 800千円、間接経費: 240千円)
2022年度: 910千円 (直接経費: 700千円、間接経費: 210千円)
2021年度: 1,040千円 (直接経費: 800千円、間接経費: 240千円)
キーワードInequality / Underemployment / Secular stagnation / Labor market / Unemployment / Wealth taxes / Macroeconomics / Rational bubble / Labour market / Wealth preference
研究開始時の研究の概要

This research project uses modern macroeconomic models with features from behavioral economics to analyze inequality, underemployment and slowing economic growth as well as their interdependence. The goal is to provide for a better understanding and to contribute to the solution of these challenges.

研究実績の概要

My research agenda (joint with Japanese and international researchers) has seen considerable progress throughout the year with two major publications and one working paper.
In April 2023, our article on underemployment in the Japanese labor market was published in the Journal of Economic Theory. In July 2023, we published our analysis of rational bubbles as a result of a preference for wealth in the European Economic Review. In addition, our preliminary analysis of inequality dynamics in the presence of a preference for wealth is now available as a working paper. The analysis includes extensive numerical simulations of various policy interventions, such as wealth taxes, consumption taxes and levies. We are planning to submit this paper within the next year for publication.

現在までの達成度 (区分)
現在までの達成度 (区分)

1: 当初の計画以上に進展している

理由

Initially, we were quite concerned about the numerical solution of our model for the analysis of inequality dynamics as our algorithm failed to converge. However, we could eventually overcome the problems and successfully analyze the effects of various policy interventions.
In addition, progress on the extensions of the underemployment project has been very smoothly, in particular due to valuable feedback from referees of the published paper and participants of conferences.

今後の研究の推進方策

We are considering the following extensions of the research agenda:
Our analysis of wealth inequality dynamics is so far based on a real economic model without nominal frictions. In the next project, we are considering to add nominal rigidities (such as wage frictions and the zero lower bound on the interest rate) to analyse these dynamics under secular stagnation.
Our analysis of underemployment is based on a closed economy model with exogenous job destruction. We are currently working on an open economy version of the model and are also considering the possibility of endogeneous job destruction.

報告書

(3件)
  • 2023 実施状況報告書
  • 2022 実施状況報告書
  • 2021 実施状況報告書
  • 研究成果

    (8件)

すべて 2023 2022 2021

すべて 雑誌論文 (2件) (うち国際共著 2件、 査読あり 2件) 学会発表 (6件) (うち国際学会 3件、 招待講演 2件)

  • [雑誌論文] Structural unemployment, underemployment, and secular stagnation2023

    • 著者名/発表者名
      Ken-ichi Hashimoto, Yoshiyasu Ono and Matthias Schlegl
    • 雑誌名

      Journal of Economic Theory

      巻: 209

    • NAID

      40022347535

    • 関連する報告書
      2023 実施状況報告書 2022 実施状況報告書
    • 査読あり / 国際共著
  • [雑誌論文] Wealth preference and rational bubbles2023

    • 著者名/発表者名
      Jean-Baptist Michau, Yoshiyasu Ono and Matthias Schlegl
    • 雑誌名

      European Economic Review

      巻: 156

    • NAID

      40022347204

    • 関連する報告書
      2023 実施状況報告書
    • 査読あり / 国際共著
  • [学会発表] Structural unemployment, underemployment, and secular stagnation2023

    • 著者名/発表者名
      Ken-ichi Hashimoto, Yoshiyasu Ono and Matthias Schlegl
    • 学会等名
      2023 Asian Meeting of the Econometric Society
    • 関連する報告書
      2023 実施状況報告書
    • 国際学会
  • [学会発表] Structural unemployment, underemployment, and secular stagnation2022

    • 著者名/発表者名
      Matthias Schlegl
    • 学会等名
      Annual meeting of German Economic Society (VfS)
    • 関連する報告書
      2022 実施状況報告書
    • 国際学会
  • [学会発表] Structural unemployment, underemployment, and secular stagnation2022

    • 著者名/発表者名
      Matthias Schlegl
    • 学会等名
      Annual meeting of German Economists Abroad (GEA)
    • 関連する報告書
      2022 実施状況報告書
  • [学会発表] The Seniority Structure of Sovereign Debt2022

    • 著者名/発表者名
      Matthias Schlegl (presenter), Christoph Trebesch, Mark Wright
    • 学会等名
      Sophia Research Workshop in Economics
    • 関連する報告書
      2021 実施状況報告書
    • 招待講演
  • [学会発表] The Seniority Structure of Sovereign Debt2022

    • 著者名/発表者名
      Matthias Schlegl, Christoph Trebesch (presenter), Mark Wright
    • 学会等名
      ASSA 2022 Virtual Annual Meeting
    • 関連する報告書
      2021 実施状況報告書
    • 国際学会
  • [学会発表] Structural unemployment, underemployment, and secular stagnation2021

    • 著者名/発表者名
      Ken-ichi Hashimoto, Yoshiyasu Ono, Matthias Schlegl (presenter)
    • 学会等名
      Macro Research Seminar (Munich University)
    • 関連する報告書
      2021 実施状況報告書
    • 招待講演

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公開日: 2021-04-28   更新日: 2024-12-25  

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