Revitalizing the Japanese Economy by Socializing Risk

Charles Horioka () and Reiko Kanda

Japanese Economy, 2010, vol. 37, issue 3, 3-36

Abstract: The almost continuous stagnation of the Japanese economy for the past two decades has had an adverse impact on Japanese households from at least three perspectives: a decline in the standard of living; an increase in risks and uncertainties relating to livelihood, employment, old age, and so forth; and an increase in income inequality. The majority of economists and policymakers focus their attention on the increase in income inequality. The research discussed here, however, focuses on the increase in risk and uncertainty among households and individuals. Based on this research, we propose a shift to a policy regime centering on the socialization of risk, which will make possible a transition from a society in which individuals bear excessive risks to one in which risk is shared equitably by society as a whole.

Date: 2010
References: Add references at CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://hdl.handle.net/10.2753/JES1097-203X370300 (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Revitalizing the Japanese Economy by Socializing Risk (2010)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mes:jpneco:v:37:y:2010:i:3:p:3-36

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/MJES19

DOI: 10.2753/JES1097-203X370300

Access Statistics for this article

More articles in Japanese Economy from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().