Details about Charles Yuji Horioka

E-mail:
Homepage:	https://researchmap.jp/read0042836/?lang=en
Postal address:	Research Institute for Economics and Business Adminstration Kobe University 2-1 Rokkodai, Nada-ku Kobe 657-8501 JAPAN
Workplace:	Research Institute for Economics and Business Administration (RIEB), Kobe University, (more information at EDIRC) Asian Growth Research Institute (AGI), (more information at EDIRC)

Access statistics for papers by Charles Yuji Horioka.

Last updated 2024-11-15. Update your information in the RePEc Author Service.

Short-id: pho41

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Working Papers

2024

1. Household Saving in Japan: The Past, Present, and Future
   NBER Working Papers, National Bureau of Economic Research, Inc
   Also in ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka (2024)
   Discussion Paper Series, Research Institute for Economics & Business Administration, Kobe University (2024)
2. The Feldstein-Horioka Puzzle or Paradox after 44 Years: A Fallacy of Composition
   Discussion Paper Series, Research Institute for Economics & Business Administration, Kobe University View citations (2)
   Also in ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka (2024) View citations (2)
   ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka (2024) View citations (2)
   See also Journal Article The Feldstein–Horioka Puzzle or Paradox after 44 years: a fallacy of composition, The Japanese Economic Review, Springer (2024) View citations (1) (2024)
3. The Impact of Intergenerational Transfers on the Distribution of Wealth: An International Comparison
   ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2024)
   Discussion Paper Series, Research Institute for Economics & Business Administration, Kobe University (2024)
   See also Journal Article The impact of intergenerational transfers on the distribution of wealth: An international comparison, Pacific Economic Review, Wiley Blackwell (2024) (2024)
4. The Nexus between Long-term Care Insurance, Formal Care, Informal Care, and Bequests: The Case of Japan
   ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2024)
   Discussion Paper Series, Research Institute for Economics & Business Administration, Kobe University (2024)
5. Why Do Europeans Save? Micro-Evidence from the Household Finance and Consumption Survey
   Discussion Paper Series, Research Institute for Economics & Business Administration, Kobe University View citations (1)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2024)
   ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka (2024)

2022

6. Determinants of Health Insurance Enrollment and Health Expenditure in Ghana: An Empirical Analysis
   Discussion Paper Series, Research Institute for Economics & Business Administration, Kobe University
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2022)
   AGI Working Paper Series, Asian Growth Research Institute (2022)
   ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka (2022)
   See also Journal Article Determinants of health insurance enrollment and health expenditure in Ghana: an empirical analysis, Review of Economics of the Household, Springer (2023) View citations (2) (2023)
7. Do the Retired Elderly in Europe Decumulate Their Wealth? The Importance of Bequest Motives, Precautionary Saving, Public Pensions, and Homeownership
   AGI Working Paper Series, Asian Growth Research Institute View citations (3)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2022) View citations (3)
   ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka (2022) View citations (3)
   Discussion Paper Series, Research Institute for Economics & Business Administration, Kobe University (2022) View citations (3)
   See also Journal Article Do the Retired Elderly in Europe Decumulate Their Wealth? The Importance of Bequest Motives, Precautionary Saving, Public Pensions, and Homeownership, Review of Income and Wealth, International Association for Research in Income and Wealth (2024) (2024)
8. Is the Age Structure of the Population One of the Determinants of the Household Saving Rate in China? A Spatial Panel Analysis of Provincial Data
   ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka
   Also in AGI Working Paper Series, Asian Growth Research Institute (2022)
   Discussion Paper Series, Research Institute for Economics & Business Administration, Kobe University (2022)

2021

9. Elderly Poverty and Its Measurement
   ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka
   Also in Discussion Paper Series, Research Institute for Economics & Business Administration, Kobe University (2021)
   AGI Working Paper Series, Asian Growth Research Institute (2021)
   See also Chapter Elderly poverty and its measurement, Chapters, Edward Elgar Publishing (2023) (2023)

2020

10. Does the Life Cycle Hypothesis Apply in the Case of Japan?
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka
    Also in Discussion Paper Series, Research Institute for Economics & Business Administration, Kobe University (2019)
11. Does the Selfish Life-Cycle Model Apply in the Case of Japan?
    AGI Working Paper Series, Asian Growth Research Institute
    Also in Discussion Paper Series, Research Institute for Economics & Business Administration, Kobe University (2020)
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka (2020)
12. Evaluation of the Expansion of Housing Credit in Japan
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka
    Also in Discussion Paper Series, Research Institute for Economics & Business Administration, Kobe University (2020)
13. Is the Selfish Life-Cycle Model More Applicable in Japan and, If So, Why? A Literature Survey
    Discussion Paper Series, Research Institute for Economics & Business Administration, Kobe University View citations (1)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (1)
    AGI Working Paper Series, Asian Growth Research Institute (2020) View citations (1)
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka (2020) View citations (1)
    See also Journal Article Is the selfish life-cycle model more applicable in Japan and, if so, why? A literature survey, Review of Economics of the Household, Springer (2021) View citations (17) (2021)
14. The Impact of Bequest Motives on Retirement Behavior in Japan: A Theoretical and Empirical Analysis
    NBER Working Papers, National Bureau of Economic Research, Inc
    Also in ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka (2020)
    AGI Working Paper Series, Asian Growth Research Institute (2019)
    Discussion Paper Series, Research Institute for Economics & Business Administration, Kobe University (2019)
15. The Wealth Decumulation Behavior of the Retired Elderly in Italy: The Importance of Bequest Motives and Precautionary Saving
    Discussion Paper Series, Research Institute for Economics & Business Administration, Kobe University View citations (13)
    Also in AGI Working Paper Series, Asian Growth Research Institute (2020) View citations (16)
    NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (16)
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka (2020) View citations (14)
    See also Journal Article The wealth decumulation behavior of the retired elderly in Italy: the importance of bequest motives and precautionary saving, Review of Economics of the Household, Springer (2020) View citations (14) (2020)
16. Was the Expansion of Housing Credit in Japan Good or Bad?
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka View citations (8)
    Also in Discussion Paper Series, Research Institute for Economics & Business Administration, Kobe University (2020) View citations (8)
    AGI Working Paper Series, Asian Growth Research Institute (2020) View citations (6)
    See also Journal Article Was the expansion of housing credit in Japan good or bad?, Japan and the World Economy, Elsevier (2020) View citations (6) (2020)

2019

17. Household Debt and Aging in Japan
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka View citations (6)
    Also in AGI Working Paper Series, Asian Growth Research Institute (2019) View citations (3)
    Discussion Paper Series, Research Institute for Economics & Business Administration, Kobe University (2019) View citations (6)
18. The Impact of a Failed Coup d'État on Happiness, Life Satisfaction, and Trust: The Case of the Plot in Turkey on July 15, 2016
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka
    Also in AGI Working Paper Series, Asian Growth Research Institute (2019)
    Discussion Paper Series, Research Institute for Economics & Business Administration, Kobe University (2019)
    See also Journal Article The impact of a failed coup d’état on happiness, life satisfaction, and trust: the case of the plot in Turkey on July 15, 2016, Applied Economics Letters, Taylor & Francis Journals (2020) (2020)

2018

19. An Empirical Analysis of the Saving Behavior of Elderly Households in Japan
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka View citations (18)
    See also Journal Article An Empirical Analysis of the Saving Behavior of Elderly Households in Japan, Economic Analysis, Economic and Social Research Institute (ESRI) (2017) View citations (23) (2017)
20. The Wealth Decumulation Behavior of the Retired Elderly in Japan: The Relative Importance of Precautionary Saving and Bequest Motives
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka View citations (2)
    Also in AGI Working Paper Series, Asian Growth Research Institute (2018)
    See also Journal Article The wealth decumulation behavior of the retired elderly in Japan: The relative importance of precautionary saving and bequest motives, Journal of the Japanese and International Economies, Elsevier (2019) View citations (35) (2019)

2017

21. The Impact of Intergenerational Transfers on Household Wealth Inequality in Japan and the United States
    ADBI Working Papers, Asian Development Bank Institute View citations (1)
    Also in AGI Working Paper Series, Asian Growth Research Institute (2016) View citations (1)
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka (2016) View citations (1)
    NBER Working Papers, National Bureau of Economic Research, Inc (2016) View citations (1)
22. The Solution to the Feldstein-Horioka Puzzle
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka View citations (5)
    Also in AGI Working Paper Series, Asian Growth Research Institute (2017) View citations (1)

2016

23. A Possible Explanation of the 'Exchange Rate Disconnect Puzzle': A Common Solution to Three Major Macroeconomic Puzzles?
    AGI Working Paper Series, Asian Growth Research Institute View citations (4)
24. A Possible Explanation of the ‘Exchange Rate Disconnect Puzzle’: A Common Solution to Three
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka View citations (2)
25. Are the Japanese Unique? Evidence from Household Saving and Bequest Behavior
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka View citations (6)
    Also in AGI Working Paper Series, Asian Growth Research Institute (2016) View citations (2)
26. The "Real" Explanation of the Feldstein-Horioka Puzzle
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)
    Also in AGI Working Paper Series, Asian Growth Research Institute (2016) View citations (5)
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka (2016) View citations (5)
    See also Journal Article The ‘real’ explanation of the Feldstein–Horioka puzzle, Applied Economics Letters, Taylor & Francis Journals (2017) View citations (7) (2017)
27. The 'Real' Explanation of the PPP Puzzle
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)
    Also in AGI Working Paper Series, Asian Growth Research Institute (2016) View citations (1)
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka (2016) View citations (1)
    See also Journal Article The ‘real’ explanation of the PPP puzzle, Applied Economics Letters, Taylor & Francis Journals (2017) View citations (1) (2017)
28. The Impact of Pre-marital Sex Ratios on Household Saving in Two Asian Countries: The Competitive Saving Motive Revisited
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
    Also in AGI Working Paper Series, Asian Growth Research Institute (2016) View citations (10)
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka (2016) View citations (9)
29. The Impact of Sex Ratios before Marriage on Household Saving in Two Asian Countries: The Competitive Saving Motive Revisited
    Working Papers, eSocialSciences View citations (9)
    Also in ADB Economics Working Paper Series, Asian Development Bank (2016) View citations (5)
    See also Journal Article The impact of sex ratios before marriage on household saving in two Asian countries: The competitive saving motive revisited, Review of Economics of the Household, Springer (2017) View citations (8) (2017)
30. Why Do Children Take Care of Their Elderly Parents? Are the Japanese Any Different?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
    Also in ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka (2016) View citations (10)
    AGI Working Paper Series, Asian Growth Research Institute (2016) View citations (5)
    See also Journal Article WHY DO CHILDREN TAKE CARE OF THEIR ELDERLY PARENTS? ARE THE JAPANESE ANY DIFFERENT?, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (2018) View citations (35) (2018)

2015

31. Explaining Foreign Holdings of Asia's Debt Securities: The Feldstein-Horioka Paradox Revisited
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
    Also in AGI Working Paper Series, Asian Growth Research Institute (2015) View citations (4)
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka (2015) View citations (4)
32. IS Imbalances and Current Account Surpluses in Japan: In Memory of Professor Ronald I. McKinnon
    AGI Working Paper Series, Asian Growth Research Institute
    Also in ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka (2015)
    See also Journal Article IS IMBALANCES AND CURRENT ACCOUNT SURPLUSES IN JAPAN: IN MEMORY OF PROFESSOR RONALD I. MCKINNON, The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd. (2016) View citations (2) (2016)
33. THE LIFE AND WORK OF MARTIN STUART ("MARTY") FELDSTEIN
    AGI Working Paper Series, Asian Growth Research Institute
    Also in UP School of Economics Discussion Papers, University of the Philippines School of Economics (2014)
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka (2015)

2014

34. Are Americans and Indians More Altruistic than the Japanese and Chinese? Evidence from a New International Survey of Bequest Plans
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka View citations (54)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (52)
    See also Journal Article Are Americans and Indians more altruistic than the Japanese and Chinese? Evidence from a new international survey of bequest plans, Review of Economics of the Household, Springer (2014) View citations (52) (2014)
35. Evolutionary Economics and Household Behavior
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka
    Also in UP School of Economics Discussion Papers, University of the Philippines School of Economics (2014)
    See also Journal Article Evolutionary economics and household behavior, Philippine Review of Economics, University of the Philippines School of Economics and Philippine Economic Society (2014) (2014)
36. Explaining Foreign Holdings of Asia’s Debt Securities
    Working Papers on Regional Economic Integration, Asian Development Bank View citations (5)
37. Why Do People Leave Bequests? For Love or Self-Interest? Evidence from a New International Survey of Bequest Plans
    UP School of Economics Discussion Papers, University of the Philippines School of Economics View citations (1)
38. Why Has Japan's Massive Government Debt Not Wreaked Havoc (Yet)?
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka View citations (22)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2013) View citations (1)
    UP School of Economics Discussion Papers, University of the Philippines School of Economics (2013) View citations (13)

2013

39. Corporate Cash Holding in Asia
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    Also in ADB Economics Working Paper Series, Asian Development Bank (2013) View citations (6)
    UP School of Economics Discussion Papers, University of the Philippines School of Economics (2013) View citations (3)
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka (2013) View citations (5)
    See also Journal Article Corporate Cash Holding in Asia, Asian Economic Journal, East Asian Economic Association (2014) View citations (6) (2014)

2012

40. Are Japanese Households Financially Healthy, and If So, Why? A Group of Seven (G7) Comparison
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka View citations (5)
41. Recent Trends in Consumption in Japan and the Other Group of Seven (G7) Countries
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka

2011

42. The Determinants and Long-term Projections of Saving Rates in Developing Asia
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka View citations (15)
    Also in ADB Economics Working Paper Series, Asian Development Bank (2010)
    NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (30)
    See also Journal Article The determinants and long-term projections of saving rates in Developing Asia, Japan and the World Economy, Elsevier (2012) View citations (59) (2012)

2010

43. Adam Smith's Answer to the Feldstein-Horioka Paradox: The Invisible Hand Revisited
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka
    See also Journal Article Adam Smith's answer to the Feldstein-Horioka Paradox: The invisible hand revisited, Economics Letters, Elsevier (2011) View citations (2) (2011)
44. Revitalizing the Japanese Economy by Socializing Risk
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka View citations (5)
    See also Journal Article Revitalizing the Japanese Economy by Socializing Risk, Japanese Economy, Taylor & Francis Journals (2010) View citations (5) (2010)
45. The Degree of Judicial Enforcement and Credit Markets: Evidence from Japanese Household Panel Data
    NBER Working Papers, National Bureau of Economic Research, Inc
    Also in ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka (2009)
    See also Journal Article The Degree of Judicial Enforcement and Credit Markets: Evidence from Japanese Household Panel Data, International Review of Finance, International Review of Finance Ltd. (2011) View citations (1) (2011)

2009

46. Are Fast Court Proceedings Good or Bad ?: Evidence from Japanese Household Panel Data
    Working Papers, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon
    Also in Post-Print, HAL (2009)
47. Do Bequests Increase or Decrease Wealth Inequalities?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (39)
    Also in ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka (2009) View citations (39)
    See also Journal Article Do bequests increase or decrease wealth inequalities?, Economics Letters, Elsevier (2009) View citations (40) (2009)
48. The (Dis)saving Behavior of the Aged in Japan
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka View citations (1)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2009) View citations (2)
    See also Journal Article The (dis)saving behavior of the aged in Japan, Japan and the World Economy, Elsevier (2010) View citations (26) (2010)

2008

49. The Flow of Household Funds in Japan
    Microeconomics Working Papers, East Asian Bureau of Economic Research View citations (4)
    See also Journal Article The Flow of Household Funds in Japan, Public Policy Review, Policy Research Institute, Ministry of Finance Japan (2008) View citations (4) (2008)

2007

50. A Comment on Nishimura, Nakajima, and Kiyota's "Does the Natural Selection Mechanism Still Work in Severe Recessions? Examination of the Japanese Economy in the 1990s"
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka View citations (2)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2007) View citations (2)
    See also Journal Article A comment on Nishimura, Nakajima, and Kiyota's "Does the natural selection mechanism still work in severe recessions? Examination of the Japanese economy in the 1990s", Journal of Economic Behavior & Organization, Elsevier (2008) View citations (2) (2008)
51. A Survey of Household Saving Behavior in Japan
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka View citations (10)
52. Aging, Saving, and Public Pensions in Japan
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
    Also in ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka (2007) View citations (11)
    See also Journal Article Aging, Savings, and Public Pensions in Japan*, Asian Economic Policy Review, Japan Center for Economic Research (2007) View citations (17) (2007)
53. The determinants of household saving in China: a dynamic panel analysis of provincial data
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (125)
    Also in ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka (2006) View citations (128)
    NBER Working Papers, National Bureau of Economic Research, Inc (2006) View citations (15)
    See also Journal Article The Determinants of Household Saving in China: A Dynamic Panel Analysis of Provincial Data, Journal of Money, Credit and Banking, Blackwell Publishing (2007) View citations (25) (2007)

2006

54. Do Borrowing Constraints Matter? An Analysis of Why the Permanent Income Hypothesis Does Not Apply in Japan
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka View citations (24)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2006) View citations (24)
    See also Journal Article Do borrowing constraints matter? An analysis of why the permanent income hypothesis does not apply in Japan, Japan and the World Economy, Elsevier (2006) View citations (24) (2006)
55. Is the Eldest Son Different? The Residential Choice of Siblings in Japan
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka View citations (17)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2006) View citations (17)
    See also Journal Article Is the eldest son different? The residential choice of siblings in Japan, Japan and the World Economy, Elsevier (2009) View citations (31) (2009)
56. Tax Reform in Japan: The Case of Personal Taxes
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka View citations (1)
    See also Journal Article Tax reform in Japan: The case of personal taxes, Japan and the World Economy, Elsevier (2007) View citations (2) (2007)
57. The Causes of Japan's "Lost Decade": The Role of Household Consumption
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (23)
    Also in ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka (2006) View citations (25)
    See also Journal Article The causes of Japan's `lost decade': The role of household consumption, Japan and the World Economy, Elsevier (2006) View citations (22) (2006)
58. The Dissaving of the Aged Revisited: The Case of Japan
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka View citations (6)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2006) View citations (6)

2005

59. Borrowing Constraints and Consumption Behavior in Japan
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)
    Also in ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka (2005) View citations (13)

2004

60. An Assessment of Consumption and Income Taxes in Japan
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka
61. Are the Japanese Unique? An Analysis of Consumption and Saving Behavior in Japan
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka View citations (12)
62. Do the Elderly Dissave in Japan?
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka View citations (3)
    See also Chapter Do the Elderly Dissave in Japan?, Chapters, Edward Elgar Publishing (2006) View citations (6) (2006)
63. The Stagnation of Household Consumption in Japan
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka View citations (2)
    Also in CESifo Working Paper Series, CESifo (2004) View citations (2)
64. The Strength and Nature of Bequest Motives in the United States
    Econometric Society 2004 Far Eastern Meetings, Econometric Society View citations (2)

2002

65. "Are the Japanese Selfish, Altruistic, or Dynastic?" (in Japanese)
    CIRJE J-Series, CIRJE, Faculty of Economics, University of Tokyo View citations (52)

2001

66. Are the Japanese Selfish, Altruistic, or Dynastic?
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka View citations (8)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2001) View citations (9)
    CIRJE F-Series, CIRJE, Faculty of Economics, University of Tokyo (2001) View citations (8)
    See also Journal Article Are the Japanese Selfish, Altruistic or Dynastic?, The Japanese Economic Review, Japanese Economic Association (2002) View citations (65) (2002)

2000

67. Are Americans More Altruistic than the Japanese? A U.S.-Japan Comparison of Saving and Bequest Motives
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (77)
    See also Journal Article Are Americans More Altruistic than the Japanese? A U.S.-Japan Comparison of Saving and Bequest Motives, International Economic Journal, Taylor & Francis Journals (2000) View citations (62) (2000)

1999

68. Are Americans more Altruistic than the Japanese Comparison of Saving and Bequest Motives
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka View citations (74)
69. Japan's Public Pension System in the Twenty-First Century
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka View citations (7)

1988

70. Why is Japan's Household Saving Rate So High? A Literature Survey
    CEPR Publications, Stanford University, Center for Economic Policy Research View citations (5)
    See also Journal Article Why is Japan's household saving rate so high? A literature survey, Journal of the Japanese and International Economies, Elsevier (1990) View citations (56) (1990)

1979

71. Domestic Savings and International Capital Flows
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (403)
    See also Journal Article Domestic Saving and International Capital Flows, Economic Journal, Royal Economic Society (1980) View citations (1708) (1980)
72. Domestic Savings and International Capital Flows, W.A. Mackintosh Lecture 1979
    Working Paper, Economics Department, Queen's University View citations (12)

Journal Articles

2024

1. Do the Retired Elderly in Europe Decumulate Their Wealth? The Importance of Bequest Motives, Precautionary Saving, Public Pensions, and Homeownership
   Review of Income and Wealth, 2024, 70, (1), 187-212
   See also Working Paper Do the Retired Elderly in Europe Decumulate Their Wealth? The Importance of Bequest Motives, Precautionary Saving, Public Pensions, and Homeownership, AGI Working Paper Series (2022) View citations (3) (2022)
2. Editor's introduction to the special issue on ‘intergenerational linkages in Asia’
   Pacific Economic Review, 2024, 29, (5), 533-534
3. The Feldstein–Horioka Puzzle or Paradox after 44 years: a fallacy of composition
   The Japanese Economic Review, 2024, 75, (3), 383-404 View citations (1)
   See also Working Paper The Feldstein-Horioka Puzzle or Paradox after 44 Years: A Fallacy of Composition, Discussion Paper Series (2024) View citations (2) (2024)
4. The impact of intergenerational transfers on the distribution of wealth: An international comparison
   Pacific Economic Review, 2024, 29, (5), 567-585
   See also Working Paper The Impact of Intergenerational Transfers on the Distribution of Wealth: An International Comparison, ISER Discussion Paper (2024) (2024)

2023

5. Determinants of health insurance enrollment and health expenditure in Ghana: an empirical analysis
   Review of Economics of the Household, 2023, 21, (4), 1269-1288 View citations (2)
   See also Working Paper Determinants of Health Insurance Enrollment and Health Expenditure in Ghana: An Empirical Analysis, Discussion Paper Series (2022) (2022)
6. Editor's introduction to the special issue on ‘The Impact of Government Policies on Household Welfare in Asia’
   Pacific Economic Review, 2023, 28, (5), 591-592

2022

7. Correction to: The wealth decumulation behavior of the retired elderly in Italy: the importance of bequest motives and precautionary saving
   Review of Economics of the Household, 2022, 20, (1), 331-331

2021

8. Is the selfish life-cycle model more applicable in Japan and, if so, why? A literature survey
   Review of Economics of the Household, 2021, 19, (1), 157-187 View citations (17)
   See also Working Paper Is the Selfish Life-Cycle Model More Applicable in Japan and, If So, Why? A Literature Survey, Discussion Paper Series (2020) View citations (1) (2020)
9. The impact of bequest motives on labor supply and retirement behavior in Japan: A theoretical and empirical analysis
   Journal of the Japanese and International Economies, 2021, 62, (C) View citations (2)

2020

10. The impact of a failed coup d’état on happiness, life satisfaction, and trust: the case of the plot in Turkey on July 15, 2016
    Applied Economics Letters, 2020, 27, (16), 1371-1375
    See also Working Paper The Impact of a Failed Coup d'État on Happiness, Life Satisfaction, and Trust: The Case of the Plot in Turkey on July 15, 2016, ISER Discussion Paper (2019) (2019)
11. The wealth decumulation behavior of the retired elderly in Italy: the importance of bequest motives and precautionary saving
    Review of Economics of the Household, 2020, 18, (3), 575-597 View citations (14)
    See also Working Paper The Wealth Decumulation Behavior of the Retired Elderly in Italy: The Importance of Bequest Motives and Precautionary Saving, Discussion Paper Series (2020) View citations (13) (2020)
12. Was the expansion of housing credit in Japan good or bad?
    Japan and the World Economy, 2020, 53, (C) View citations (6)
    See also Working Paper Was the Expansion of Housing Credit in Japan Good or Bad?, ISER Discussion Paper (2020) View citations (8) (2020)

2019

13. ARE THE JAPANESE UNIQUE? EVIDENCE FROM SAVING AND BEQUEST BEHAVIOR
    The Singapore Economic Review (SER), 2019, 64, (01), 5-22 View citations (14)
14. The wealth decumulation behavior of the retired elderly in Japan: The relative importance of precautionary saving and bequest motives
    Journal of the Japanese and International Economies, 2019, 51, (C), 52-63 View citations (35)
    See also Working Paper The Wealth Decumulation Behavior of the Retired Elderly in Japan: The Relative Importance of Precautionary Saving and Bequest Motives, ISER Discussion Paper (2018) View citations (2) (2018)

2018

15. Aging in Asia: Introduction to Symposium
    Review of Development Economics, 2018, 22, (3), 879-884 View citations (1)
16. Public and private investment in human capital and intergenerational transfers in Asia: an overview
    Journal of the Asia Pacific Economy, 2018, 23, (4), 511-514
17. The impact of intergenerational transfers on wealth inequality in Japan and the United States
    The World Economy, 2018, 41, (8), 2042-2066 View citations (20)
18. WHY DO CHILDREN TAKE CARE OF THEIR ELDERLY PARENTS? ARE THE JAPANESE ANY DIFFERENT?
    International Economic Review, 2018, 59, (1), 113-136 View citations (35)
    See also Working Paper Why Do Children Take Care of Their Elderly Parents? Are the Japanese Any Different?, NBER Working Papers (2016) View citations (11) (2016)

2017

19. A possible explanation of the ‘Exchange Rate Disconnect Puzzle’: a common solution to three macroeconomic puzzles?
    Applied Economics Letters, 2017, 24, (13), 918-922 View citations (7)
20. An Empirical Analysis of the Saving Behavior of Elderly Households in Japan
    Economic Analysis, 2017, 196, 31-46 View citations (23)
    See also Working Paper An Empirical Analysis of the Saving Behavior of Elderly Households in Japan, ISER Discussion Paper (2018) View citations (18) (2018)
21. The impact of sex ratios before marriage on household saving in two Asian countries: The competitive saving motive revisited
    Review of Economics of the Household, 2017, 15, (3), 739-757 View citations (8)
    See also Working Paper The Impact of Sex Ratios before Marriage on Household Saving in Two Asian Countries: The Competitive Saving Motive Revisited, Working Papers (2016) View citations (9) (2016)
22. The ‘real’ explanation of the Feldstein–Horioka puzzle
    Applied Economics Letters, 2017, 24, (2), 95-97 View citations (7)
    See also Working Paper The "Real" Explanation of the Feldstein-Horioka Puzzle, NBER Working Papers (2016) View citations (14) (2016)
23. The ‘real’ explanation of the PPP puzzle
    Applied Economics Letters, 2017, 24, (5), 325-328 View citations (1)
    See also Working Paper The 'Real' Explanation of the PPP Puzzle, NBER Working Papers (2016) View citations (10) (2016)

2016

24. Explaining Foreign Holdings of Asia's Debt Securities: The Feldstein–Horioka Paradox Revisited-super-
    Asian Economic Journal, 2016, 30, (1), 3-24 View citations (6)
25. IS IMBALANCES AND CURRENT ACCOUNT SURPLUSES IN JAPAN: IN MEMORY OF PROFESSOR RONALD I. MCKINNON
    The Singapore Economic Review (SER), 2016, 61, (02), 1-17 View citations (2)
    See also Working Paper IS Imbalances and Current Account Surpluses in Japan: In Memory of Professor Ronald I. McKinnon, AGI Working Paper Series (2015) (2015)

2014

26. Are Americans and Indians more altruistic than the Japanese and Chinese? Evidence from a new international survey of bequest plans
    Review of Economics of the Household, 2014, 12, (3), 411-437 View citations (52)
    See also Working Paper Are Americans and Indians More Altruistic than the Japanese and Chinese? Evidence from a New International Survey of Bequest Plans, ISER Discussion Paper (2014) View citations (54) (2014)
27. Corporate Cash Holding in Asia
    Asian Economic Journal, 2014, 28, (4), 323-345 View citations (6)
    See also Working Paper Corporate Cash Holding in Asia, NBER Working Papers (2013) View citations (5) (2013)
28. Evolutionary economics and household behavior
    Philippine Review of Economics, 2014, 51, (2), 67-82
    See also Working Paper Evolutionary Economics and Household Behavior, ISER Discussion Paper (2014) (2014)

2013

29. Recent trends in consumption in Japan and the other G7 countries
    Journal of the Asia Pacific Economy, 2013, 18, (2), 195-202

2012

30. Are Japanese Households Financially Healthy, If So, Why?
    Japanese Economy, 2012, 39, (4), 109-124 View citations (9)
31. The determinants and long-term projections of saving rates in Developing Asia
    Japan and the World Economy, 2012, 24, (2), 128-137 View citations (59)
    See also Working Paper The Determinants and Long-term Projections of Saving Rates in Developing Asia, ISER Discussion Paper (2011) View citations (15) (2011)

2011

32. Adam Smith's answer to the Feldstein-Horioka Paradox: The invisible hand revisited
    Economics Letters, 2011, 110, (1), 36-37 View citations (2)
    See also Working Paper Adam Smith's Answer to the Feldstein-Horioka Paradox: The Invisible Hand Revisited, ISER Discussion Paper (2010) (2010)
33. The Degree of Judicial Enforcement and Credit Markets: Evidence from Japanese Household Panel Data
    International Review of Finance, 2011, 11, (2), 245-268 View citations (1)
    See also Working Paper The Degree of Judicial Enforcement and Credit Markets: Evidence from Japanese Household Panel Data, NBER Working Papers (2010) (2010)

2010

34. AGING AND SAVING IN ASIA
    Pacific Economic Review, 2010, 15, (1), 46-55 View citations (13)
35. Revitalizing the Japanese Economy by Socializing Risk
    Japanese Economy, 2010, 37, (3), 3-36 View citations (5)
    See also Working Paper Revitalizing the Japanese Economy by Socializing Risk, ISER Discussion Paper (2010) View citations (5) (2010)
36. The (dis)saving behavior of the aged in Japan
    Japan and the World Economy, 2010, 22, (3), 151-158 View citations (26)
    See also Working Paper The (Dis)saving Behavior of the Aged in Japan, ISER Discussion Paper (2009) View citations (1) (2009)

2009

37. Do bequests increase or decrease wealth inequalities?
    Economics Letters, 2009, 103, (1), 23-25 View citations (40)
    See also Working Paper Do Bequests Increase or Decrease Wealth Inequalities?, NBER Working Papers (2009) View citations (39) (2009)
38. Is the eldest son different? The residential choice of siblings in Japan
    Japan and the World Economy, 2009, 21, (4), 337-348 View citations (31)
    See also Working Paper Is the Eldest Son Different? The Residential Choice of Siblings in Japan, ISER Discussion Paper (2006) View citations (17) (2006)

2008

39. A comment on Nishimura, Nakajima, and Kiyota's "Does the natural selection mechanism still work in severe recessions? Examination of the Japanese economy in the 1990s"
    Journal of Economic Behavior & Organization, 2008, 67, (2), 517-520 View citations (2)
    See also Working Paper A Comment on Nishimura, Nakajima, and Kiyota's "Does the Natural Selection Mechanism Still Work in Severe Recessions? Examination of the Japanese Economy in the 1990s", ISER Discussion Paper (2007) View citations (2) (2007)
40. The Flow of Household Funds in Japan
    Public Policy Review, 2008, 4, (1), 37-52 View citations (4)
    See also Working Paper The Flow of Household Funds in Japan, Microeconomics Working Papers (2008) View citations (4) (2008)

2007

41. Aging, Savings, and Public Pensions in Japan*
    Asian Economic Policy Review, 2007, 2, (2), 303-319 View citations (17)
    See also Working Paper Aging, Saving, and Public Pensions in Japan, NBER Working Papers (2007) View citations (12) (2007)
42. Tax reform in Japan: The case of personal taxes
    Japan and the World Economy, 2007, 19, (3), 380-392 View citations (2)
    See also Working Paper Tax Reform in Japan: The Case of Personal Taxes, ISER Discussion Paper (2006) View citations (1) (2006)
43. The Determinants of Household Saving in China: A Dynamic Panel Analysis of Provincial Data
    Journal of Money, Credit and Banking, 2007, 39, (8), 2077-2096 View citations (25)
    Also in Journal of Money, Credit and Banking, 2007, 39, (8), 2077-2096 (2007) View citations (125)
    See also Working Paper The determinants of household saving in China: a dynamic panel analysis of provincial data, Working Paper Series (2007) View citations (125) (2007)

2006

44. Do borrowing constraints matter? An analysis of why the permanent income hypothesis does not apply in Japan
    Japan and the World Economy, 2006, 18, (4), 358-377 View citations (24)
    See also Working Paper Do Borrowing Constraints Matter? An Analysis of Why the Permanent Income Hypothesis Does Not Apply in Japan, ISER Discussion Paper (2006) View citations (24) (2006)
45. INTRODUCTION
    The Japanese Economic Review, 2006, 57, (2), 157-160
46. The causes of Japan's `lost decade': The role of household consumption
    Japan and the World Economy, 2006, 18, (4), 378-400 View citations (22)
    See also Working Paper The Causes of Japan's "Lost Decade": The Role of Household Consumption, NBER Working Papers (2006) View citations (23) (2006)

2002

47. Are the Japanese Selfish, Altruistic or Dynastic?
    The Japanese Economic Review, 2002, 53, (1), 26-54 View citations (65)
    See also Working Paper Are the Japanese Selfish, Altruistic, or Dynastic?, ISER Discussion Paper (2001) View citations (8) (2001)

2000

48. A Cointegration Analysis of the Impact of the Age Structure of the Population on the Household Saving Rate in Japan
    The Review of Economics and Statistics, 2000, 79, (3), 511-516
49. Are Americans More Altruistic than the Japanese? A U.S.-Japan Comparison of Saving and Bequest Motives
    International Economic Journal, 2000, 14, (1), 1-31 View citations (62)
    See also Working Paper Are Americans More Altruistic than the Japanese? A U.S.-Japan Comparison of Saving and Bequest Motives, NBER Working Papers (2000) View citations (77) (2000)

1999

50. A U.S.-Japan comparison of the importance and determinants of retirement saving
    Economics Letters, 1999, 65, (3), 365-371 View citations (7)
51. Japan's public pension system: What's wrong with it and how to fix it
    Japan and the World Economy, 1999, 11, (2), 293-303 View citations (4)

1997

52. Japan's public pension system: what is wrong with it and how to fix it: a panel discussion
    Conference Series ; [Proceedings], 1997, (jun), 174-186
53. Why Do People Save? A Micro-Analysis of Motives for Household Saving in Japan
    Economic Journal, 1997, 107, (442), 537-52 View citations (104)

1996

54. Capital Gains in Japan: Their Magnitude and Impact on Consumption
    Economic Journal, 1996, 106, (436), 560-77 View citations (19)
55. Do the Aged Dissave in Japan? Evidence from Micro Data
    Journal of the Japanese and International Economies, 1996, 10, (3), 295-311 View citations (32)

1995

56. IS JAPAN'S HOUSEHOLD SAVING RATE REALLY HIGH?
    Review of Income and Wealth, 1995, 41, (4), 373-397 View citations (5)

1994

57. Japan's Consumption and Saving in International Perspective
    Economic Development and Cultural Change, 1994, 42, (2), 293-316 View citations (3)

1992

58. Future trends in Japan's saving rate and the implications thereof for Japan's external imbalance
    Japan and the World Economy, 1992, 3, (4), 307-330 View citations (33)

1990

59. Why is Japan's household saving rate so high? A literature survey
    Journal of the Japanese and International Economies, 1990, 4, (1), 49-92 View citations (56)
    See also Working Paper Why is Japan's Household Saving Rate So High? A Literature Survey, CEPR Publications (1988) View citations (5) (1988)

1988

60. Saving for housing purchase in Japan
    Journal of the Japanese and International Economies, 1988, 2, (3), 351-384 View citations (15)
61. Tenure choice and housing demand in Japan
    Journal of Urban Economics, 1988, 24, (3), 289-309 View citations (20)

1980

62. Domestic Saving and International Capital Flows
    Economic Journal, 1980, 90, (358), 314-29 View citations (1708)
    See also Working Paper Domestic Savings and International Capital Flows, NBER Working Papers (1979) View citations (403) (1979)

Chapters

2023

1. Elderly poverty and its measurement
   Chapter 29 in Research Handbook on Measuring Poverty and Deprivation, 2023, pp 307-315
   See also Working Paper Elderly Poverty and Its Measurement, Institute of Social and Economic Research, The University of Osaka (2021) (2021)

2013

2. Savings and investment
   Chapter 5 in Asia Rising, 2013, pp 137-153 View citations (9)

2006

3. Do the Elderly Dissave in Japan?
   Chapter 5 in Long-run Growth and Short-run Stabilization, 2006 View citations (6)
   See also Working Paper Do the Elderly Dissave in Japan?, Institute of Social and Economic Research, The University of Osaka (2004) View citations (3) (2004)