International Collaboration Projects 2016/2017
Empirical Analysis on Population Decline and Aging in the Japanese Economy

Economic and Social Research Institute
Cabinet Office, Government of Japan

1.Research Issues

This project aims to provide empirical knowledge that can contribute to current economic policy for overcoming Japan's population decline and aging. The project focuses on two areas; macroeconomic effects of population decline on "economic growth(WG1)" and "labor including employment and work income(WG2)".

2.System of the Research

WG1 : The Chair of the Research
Shin-ichi FUKUDA(The Professor of The University of Tokyo)
WG2 : The Chair of the Research
Yoshio HIGUCHI(The Professor of Keio University)

3.Thesis of the Research

WG1:Economic Growth

(Foreword)
Special Editor Shin-ichi FUKUDA
(Editorial)
Macroeconomic Effects of Population Decline on Economic Growth
Special Editor Shin-ichi FUKUDA
(Articles)
An Empirical Analysis of the Saving Behavior of Elderly Households in Japan
Charles Yuji HORIOKA
Yoko NIIMI
Human Capital Accumulation through Recurrent Education
Mariko TANAKA
The Effect of Demographic Change in Business Cycle Indicators
Yasuyuki KOMAKI
Population Aging and Domestic Investment–An Analysis Using International Panel Data–
Masanori UMEDA
Takuma KAWAMOTO
Tetsuro SAKAMAKI
Masahiro HORI
Does the Aging of a Firms' Workforce Affect Its Investment Behavior?–An Analysis Using Financial Panel Data of Japanese Firms–
Masanori UMEDA
Takuma KAWAMOTO
Tetsuro SAKAMAKI
Masahiro HORI
Population Aging and Its Impact on Economic Growth–Implications for Korea–
Hyun-Hoon LEE
Kwanho SHIN
Donghyun PARK
Migration, Human Capital, Brain Drain and Gain–A Perspective in Light of the EU's Experience–
Robert F. OWEN
The Effects of Housing Price on the Banking Sector Performance–Evidence from MSA data in the US–
Sung Wook JOH
Seongjun JEONG

WG2:Labor including Employment and Work Income

(Editorial)
Changes in Japan’s Labor Market and the Labor Income Share, Wage Inequality, and Working Hours
Special Editor Yoshio HIGUCHI
(Articles)
Declining Labor Share and Corporate Finance
Masahiro ABE
Jess DIAMOND
Business Cycle and Wage Inequality in Japan
Naomi KODAMA
Izumi YOKOYAMA
Economics of Income Inequality and Educational Investment
Ryuichi TANAKA
The Effect of Commuting Time on Married Couples’ Time Use
Miki KOHARA
Kozue SEKIJIMA
An Empirical Study on Migration to Tokyo by the Young
Souichi OHTA
Kenji UMETANI
Miyuki KITAJIMA
Daichi SUZUKI