Research on Household Disparities and Aging

This study uses individual-level household data to estimate recent changes in household structure and the distribution of household assets, and to evaluate household responses to policy changes such as consumption, savings, and labor supply. This provides an evaluation framework for assessing policy changes like tax and social security systems, as well as the so-called inequality problem. To this end, we organically combine multiple data sources, including government statistics, and rigorously control for various household attributes to clarify the impact of policies such as tax increases or decreases on households.

(Keizai Bunseki(Economic Analysis))

• No.200 (article 1): “Bequest Motives and the Saving Behavior of the Elderly: Empirical Evidence from a Japanese Household Survey”
  Junya Hamaaki and Masahiro Hori, June, 2019
• No.190 (article 6): “Estimation of Annual Consumption Expenditures by Japanese Households Based on the Microdata from the Family Income and Expenditure Survey: Estimation Methods and Illustrative Tables and Figures”
  Junya Hamaaki, Masahiro Hori, Koichiro Iwamoto, Keiko Murata, Takeshi Niizeki, Fumihiko Suga, January, 2016
• No.189 (article 4): “Estimation of Real Assets Holdings by Japanese Households Based on the Microdata from the Family Income and Expenditure Survey: Estimation Methods and Illustrative Tables and Figures”
  Junya Hamaaki, Masahiro Hori, Koichiro Iwamoto, Saeko Maeda, Keiko Murata, Takeshi Niizeki, February, 2015

(ESRI Discussion Paper Series)

• No.404: “Monetary Policy Announcements and Household Expectations: Evidence from Two Identification Strategies”
  Takeshi Niizeki, October, 2025
• No.396: “Impact of Hospital Decision-making on Drug Markets: The Case of Biosimilars”
  Kyogo Kanazawa, July, 2024
• No.393: “The effect of inheritance receipt on labor supply: A longitudinal study of Japanese women”
  Junya Hamaaki,Yoko Ibuka, June, 2024
• No.387: “Access to Formal Childcare for Toddlers and Parental Employment and Earnings”
  Taiyo Fukai,Ayako Kondo, March, 2024
• No.378: “Measuring Income Inequality in Japan Using Accurate Sampling Weights”
  Masahiro Hori, Saeko Maeda, Fumihiko Suga, May, 2023
• No.377: “Media Influence on Public Attitudes toward Japan's Value-Added Tax”
  Masahiro Hori, May, 2023
• No.366: “Do the Self-Employed Underreport Their Income? Evidence from Japanese Panel Data”
  Takeshi Niizeki and Junya Hamaaki, September, 2021
• No.364: “Inflation Expectations and Household Expenditure: Evidence from Pseudo-Panel Data in Japan”
  Takeshi Niizeki, July, 2021
• No.358: “In Search of Accurate Measures of Income Inequality across Japanese Households”
  Masahiro Hori, Saeko Maeda, Fumihiko Suga, December, 2020
• No.356: “The Impact of the Rise and Collapse of Japan's Housing Price Bubble on Households' Lifetime Utility”
  Takeshi Niizeki, Fumihiko Suga, August, 2020
• No.350: “Estimating Consumption Inequality in Japan over the Last Three Decades”
  Kazuhito Higa, August, 2019
• No.347: “The Effect of Inheritance Receipt on Individual Labor Supply: Evidence from Japanese Microdata”
  Takeshi Niizeki, Masahiro Hori, July, 2018
• No.346: “Dissaving by the elderly in Japan: Empirical evidence from survey data”
  Keiko Murata, March, 2018
• No.339: “Housing Wealth Effects in Japan: Evidence Based on Household Micro Data”
  Masahiro Hori, Takeshi Niizeki, September, 2017
• No.336: “The Returns to Postgraduate Education”
  Fumihiko Suga, March, 2017
• No.333: “The Intra-Family Division of Bequests and Bequest Motives: Empirical Evidence from a Survey on Japanese Households”(Move to the Web Archiving Project (WARP) by National Diet Library.)
  Junya Hamaaki,Masahiro Hori,Keiko Murata, September, 2016
• No.322: “Do the Rich Save More in Japan? Evidence Based on Two Micro Datasets for the 2000s”(Move to the Web Archiving Project (WARP) by National Diet Library.)
  Masahiro Hori,Koichiro Iwamoto,Takeshi Niizeki,Fumihiko Suga, June, 2015
• No.321: “New Evidence on Intra-Household Allocation of Resources in Japanese Households”(Move to the Web Archiving Project (WARP) by National Diet Library.)
  Masahiro Hori,Nahoko Mitsuyama,Satoshi Shimizutani, May, 2015
• No.308: “Is there a retirement consumption puzzle in Japan? Evidence based on panel data on households in the agricultural sector”(Move to the Web Archiving Project (WARP) by National Diet Library.)
  Masahiro Hori,Keiko Murata, February, 2014
• No.284: “Intergenerational Transfers and Asset Inequality in Japan:Empirical Evidence from New Survey Data”(Move to the Web Archiving Project (WARP) by National Diet Library.)
  Junya Hamaaki,Masahiro Hori,Keiko Murata, March, 2012
• No.280: “Inflation Expectations of Japanese Households:Micro Evidence from a Consumer Confidence Survey”(Move to the Web Archiving Project (WARP) by National Diet Library.)
  Masahiro Hori,Masaaki Kawagoe, November, 2011
• No.279: “The expenditure on children in Japan”(Move to the Web Archiving Project (WARP) by National Diet Library.)
  Masahiro Hori, November, 2011
• No.264: “Food Consumption Expenditure and Habit Formation:Evidence from Japanese Household Panel Data”(Move to the Web Archiving Project (WARP) by National Diet Library.)
  Koichiro Iwamoto, February, 2011
• No.232: “Is the Japanese employment system degenerating?Evidence from the Basic Survey on Wage Structure”(Move to the Web Archiving Project (WARP) by National Diet Library.)
  Junya Hamaaki, Masahiro Hori, Saeko Maeda, Keiko Murata, March, 2010

(New ESRI Working paper)

• No.25: “Do Households Smooth Expenditure over Anticipated Income Changes? Evidence from Bonus Payments to Public Employees in Japan”(Move to the Web Archiving Project (WARP) by National Diet Library.)
  Masahiro Hori, Satoshi Shimizutani, December, 2011
• No.20: “How Does the First Job Matter for an Individual's Career Life in Japan?”(Move to the Web Archiving Project (WARP) by National Diet Library.)
  Junya Hamaaki, Masahiro Hori, Saeko Maeda, and Keiko Murata, May, 2011
• No.13: “The Response of Household Expenditure to Anticipated Income Changes”(Move to the Web Archiving Project (WARP) by National Diet Library.)
  Masahiro Hori, Chang-Tai Hsieh, and Satoshi Shimizutani, August, 2009

(ESRI Research Note)

• No.87: “Are Households' Decisions in Line with the Fisher Equation?”(PDF:665KB)
  Takeshi Niizeki, September, 2024
• No.77: “On the decline in propensity to consume during the Abenomics period”(PDF:1.17MB)
  Keiko Murata, Masahiro Hori, May, 2023
• No.76: “Do People Correctly Measure Their Satisfaction?”(PDF:364KB)
  Kazuhito Higa, May, 2023