"History of the living standard in post-war Japan: Labor productivity, cons umption, and leisure " (in Japanese)

Tetsuji Okazaki
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Tetsuji Okazaki: Faculty of Economics, University of Tokyo

No CIRJE-J-292, CIRJE J-Series from CIRJE, Faculty of Economics, University of Tokyo

Abstract: Did workers in post-war Japan enjoy the fruits of labor productivity growth in its secular economic growth? How did workers allocate the increased wealth due to wage growth to consumption and leisure? This paper answers these questions using long-term time-series data from government statistics after the World War II. The analysis demonstrates that wage has grown almost proportional to secular labor productivity growth. The increased wealth was allocated to both consumption and leisure growth, but consumption reached a plateau around 1990. Leisure time has grown secularly through the increase of leisure time among the elderly and the increased fraction of the elderly within the population.

Pages: 26 pages
Date: 2017-10
New Economics Papers: this item is included in nep-his
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Persistent link: https://EconPapers.repec.org/RePEc:tky:jseres:2017cj292

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