A Welfare Cost of the Lost Decade in Japan

Tatsuyoshi Miyakoshi () and Masakatsu Okubo
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Tatsuyoshi Miyakoshi: Osaka School of International Public Policy (OSIPP), Osaka University
Masakatsu Okubo: Graduate School of Systems and Information Engineering,University of Tsukuba

No 07-27, Discussion Papers in Economics and Business from Osaka University, Graduate School of Economics

Abstract: This paper measures the welfare cost of the Japanese economy in a elost decade f from 1990 to 2002, by using panels of different consumer groups. This paper finds that the costs for consumers in the lower and middle income quintiles and in urban districts are much higher, while it is a benefit for consumer in rural districts. This paper suggests that such cost disparities express the defects related to districts and income quintile group with high costs. Also, there exist consumers feeling this stagnation to be costless and the seriousness of stagnation are not recognized unanimously.

Keywords: welfare cost; a lost decade of Japanese economy; Lucas model (search for similar items in EconPapers)
JEL-codes: E20 E32 E60 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2007-06
New Economics Papers: this item is included in nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:osk:wpaper:0727

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