Charles Yuji Horioka

Kobe University

2-1, Rokkodai cho

Nada-ku

Kobe, 657-8501

Japan

http://www.rieb.kobe-u.ac.jp

National Bureau of Economic Research

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

http://www.rieb.kobe-u.ac.jp

Asian Growth Research Institute

11-4, Ohtemachi, Kokurakita-ku

Kitakyushu, Fukuoka 803-0814

Japan

http://www.iser.osaka-u.ac.jp

Osaka University

6-1, Mihogaoka

Suita, Osaka 567-0047

Japan

http://www.rieb.kobe-u.ac.jp

  • Kobe University

    • Email
    • Tel: 81-78-803-7022
    • Fax: 81-78-803-7059

  • National Bureau of Economic Research

  • Asian Growth Research Institute

  • Osaka University

SCHOLARLY PAPERS

65

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202

Scholarly Papers (65)

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1.

The Causes of Japan's Lost Decade: The Role of Household Consumption

Downloads 612 (94,170)
Citation 10

The Causes of Japan's Lost Decade: The Role of Household Consumption

Number of pages: 47 Posted: 14 Jun 2006
Charles Yuji Horioka
Kobe University
Downloads 494 (121,329)
Citation 6

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Japan, Japanese Economy, Lost Decade, Stagnation, Slowdown, Recession, Deflation, Economic Growth, Gross Domestic Product, GDP, Investment, Capital Formation, Household, Consumption, Household Consumption, Structure of Consumption, Saving, Household Saving, Precautionary Saving, Demand Side Factors

The Causes of Japan's "Lost Decade": The Role of Household Consumption

NBER Working Paper No. w12142
Number of pages: 47 Posted: 20 Jul 2006 Last Revised: 05 Sep 2022
Charles Yuji Horioka
Kobe University
Downloads 118 (504,863)
Citation 4

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2.

Are the Japanese Unique? An Analysis of Consumption and Saving Behavior in Japan

Number of pages: 36 Posted: 23 Jun 2004
Charles Yuji Horioka
Kobe University
Downloads 479 (127,526)
Citation 4

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Japan, households, consumers, consumption, saving, wealth, borrowing, debt, portfolio

3.

A Survey of Household Saving Behavior in Japan

ISER Discussion Paper No. 684
Number of pages: 33 Posted: 16 Mar 2007
Charles Yuji Horioka
Kobe University
Downloads 464 (132,505)
Citation 5

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Household Saving Rate, Household Saving, Saving, Japan, Aging, Culture, Consumption

4.

The Determinants of Household Saving in China: A Dynamic Panel Analysis of Provincial Data

Downloads 463 (132,848)
Citation 20

The Determinants of Household Saving in China: A Dynamic Panel Analysis of Provincial Data

ISER Discussion Paper No. 676
Number of pages: 29 Posted: 01 Dec 2006
Charles Yuji Horioka and Junmin Wan
Kobe University and Osaka University - Osaka School of International Public Policy (OSIPP)
Downloads 388 (161,483)
Citation 2

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Age Structure, China, Chinese Economy, Demographics, Dependency Ratio, Habit Formation, Household Saving, Household Saving Rate, Household, Inertia, Life Cycle Hypothesis, Life Cycle Model, Persistence, Saving, and Saving Rate

The Determinants of Household Saving in China: A Dynamic Panel Analysis of Provincial Data

NBER Working Paper No. w12723
Number of pages: 36 Posted: 06 Dec 2006 Last Revised: 08 Oct 2022
Charles Yuji Horioka and Junmin Wan
Kobe University and Osaka University - Osaka School of International Public Policy (OSIPP)
Downloads 75 (685,489)
Citation 18

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5.

Domestic Savings and International Capital Flows

NBER Working Paper No. w0310
Number of pages: 30 Posted: 27 Apr 2000 Last Revised: 07 Nov 2022
Martin S. Feldstein and Charles Yuji Horioka
National Bureau of Economic Research (NBER) (deceased) and Kobe University
Downloads 279 (232,597)
Citation 10

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6.

The Stagnation of Household Consumption in Japan

Number of pages: 33 Posted: 31 Mar 2004
Charles Yuji Horioka
Kobe University
Downloads 275 (236,103)

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7.

Corporate Cash Holding in Asia

Downloads 258 (251,932)
Citation 5

Corporate Cash Holding in Asia

ISER Discussion Paper No. 889
Number of pages: 46 Posted: 25 Oct 2013
Charles Yuji Horioka and Akiko Terada-Hagiwara
Kobe University and Asian Development Bank
Downloads 108 (540,508)

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corporate saving, borrowing constraints, cash flow, cash holdings, cash flow sensitivity of cash, Tobin’s q, Asia, Oriana Database, Global Financial Crisis

Corporate Cash Holding in Asia

Asian Development Bank Economics Working Paper Series No. 381
Number of pages: 29 Posted: 12 Aug 2014
Charles Yuji Horioka and Akiko Terada-Hagiwara
Kobe University and Asian Development Bank
Downloads 100 (572,540)

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corporate saving, corporate investment, borrowing constraints, liquidity constraints, cash flow, cash holdings, cash flow sensitivity of cash, Tobin's q, firm size, productivity shocks, Asia, Oriana Database, financial sector development, global financial crisis

Corporate Cash Holding in Asia

NBER Working Paper No. w19688
Number of pages: 46 Posted: 10 Dec 2013 Last Revised: 19 Apr 2023
Charles Yuji Horioka and Akiko Terada-Hagiwara
Kobe University and Asian Development Bank
Downloads 50 (848,155)
Citation 5

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8.

Household Debt and Aging in Japan

ISER DP No. 1068, Wharton Pension Research Council Working Paper No. 2019-17
Number of pages: 22 Posted: 05 Dec 2019
Charles Yuji Horioka and Yoko Niimi
Kobe University and Doshisha University
Downloads 227 (285,847)
Citation 3

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aging, borrowing, debt, homeownership, households, housing, Japan, liabilities, loans, mortgages, retirement

9.

日本の高齢者世帯の貯蓄行動に関する実証分析 (An Empirical Analysis of the Saving Behavior of Elderly Households in Japan)

ISER Discussion Paper No. 1018
Number of pages: 23 Posted: 27 Feb 2018
Charles Yuji Horioka and Yoko Niimi
Kobe University and Doshisha University
Downloads 224 (289,511)
Citation 2

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Bequest Motive, Elderly, Life Cycle Model, Saving, Wealth Accumulation, Wealth Decumulation

10.

A Possible Explanation of the ‘Exchange Rate Disconnect Puzzle’: A Common Solution to Three Major Macroeconomic Puzzles?

ISER Discussion Paper No. 977
Number of pages: 7 Posted: 14 Jul 2016
Charles Yuji Horioka and Nicholas Ford
Kobe University and University of Cambridge - Wolfson College
Downloads 207 (312,120)
Citation 1

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Exchange Rate Disconnect Puzzle, exchange rate determination and volatility, Feldstein-Horioka puzzle or paradox, financial market integration, goods market integration, net transfers of capital, PPP puzzle, real interest rate equalisation

11.

日本でライフ・サイクル仮説は成り立っているか？(Does the Life Cycle Hypothesis Apply in the Case of Japan?)

ISER DP No. 1074
Number of pages: 29 Posted: 28 Apr 2020
Charles Yuji Horioka
Kobe University
Downloads 206 (313,537)

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age structure of the population, altruism, bequest motives, borrowing constraints, consumption, dissaving, elderly, household behavior, inheritances, intergenerational transfers, Japan, life-cycle hypothesis or model, retirees, saving, saving motives, selfishness

12.

Adam Smith's Answer to the Feldstein-Horioka Paradox: The Invisible Hand Revisited

ISER Discussion Paper No. 778
Number of pages: 6 Posted: 29 May 2010
Ayumu Yasutomi and Charles Yuji Horioka
Institute for Advanced Studies on Asia - The University of Tokyo and Kobe University
Downloads 173 (367,515)

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Feldstein-Horioka paradox, Feldstein-Horioka puzzle, capital mobility, capital flows, saving, investment, Adam Smith, invisible hand

13.

Tax Reform in Japan: The Case of Personal Taxes

ISER Discussion Paper No. 660
Number of pages: 28 Posted: 14 Jun 2006
Charles Yuji Horioka and Shizuka Sekita
Kobe University and Osaka University - Graduate School of Economics
Downloads 162 (389,069)

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Consumption, consumption tax, Corlett and Hague, countercyclical policy, economic stimulus, efficiency, equity, excess burden, fiscal reconstruction, income tax, inverse elasticity rule, Japan, Japanese economy, optimal taxation, personal taxes, progressivity, Ramsey, regressivity, tax reform

14.

Borrowing Constraints and Consumption Behavior in Japan

Downloads 154 (406,300)

Borrowing Constraints and Consumption Behavior in Japan

ISER Discussion Paper No. 640
Number of pages: 43 Posted: 17 Aug 2005
Midori Wakabayashi and Charles Yuji Horioka
Tohoku University and Kobe University
Downloads 99 (576,564)

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borrowing constraints, consumption behavior, life cycle, liquidity constraints

Borrowing Constraints and Consumption Behavior in Japan

NBER Working Paper No. w11560
Number of pages: 43 Posted: 28 Sep 2005 Last Revised: 04 Aug 2022
Midori Wakabayashi and Charles Yuji Horioka
Tohoku University and Kobe University
Downloads 55 (809,558)

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15.

Explaining Foreign Holdings of Asia's Debt Securities: The Feldstein-Horioka Paradox Revisited

Downloads 150 (415,221)
Citation 1

Explaining Foreign Holdings of Asia's Debt Securities: The Feldstein-Horioka Paradox Revisited

Number of pages: 25 Posted: 21 Nov 2015
Charles Yuji Horioka, Akiko Terada-Hagiwara and Takaaki Nomoto
Kobe University, Asian Development Bank and The Cabinet Secretariat - Japan
Downloads 121 (494,987)
Citation 1

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Cross-border portfolio investments, debt securities, Feldstein-Horioka paradox or puzzle, foreign debt holdings, Global Financial Crisis, government bonds or securities, home bias, international capital flows, safe haven, Japan, Asia

Explaining Foreign Holdings of Asia's Debt Securities: The Feldstein-Horioka Paradox Revisited

NBER Working Paper No. w21734
Number of pages: 25 Posted: 23 Nov 2015 Last Revised: 22 May 2022
Charles Yuji Horioka, Akiko Terada-Hagiwara and Takaaki Nomoto
Kobe University, Asian Development Bank and The Cabinet Secretariat - Japan
Downloads 29 (1,055,253)

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16.

The Solution to the Feldstein-Horioka Puzzle

ISER Discussion Paper No. 1016
Number of pages: 25 Posted: 07 Nov 2017
Charles Yuji Horioka and Nicholas Ford
Kobe University and University of Cambridge - Wolfson College
Downloads 140 (438,796)
Citation 1

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Feldstein-Horioka Paradox or Puzzle, Financial Market Integration, Goods Market Integration, International Capital Flows, International Capital Mobility, Investment, Net Capital Transfers, Real Interest Rate Parity, Saving, Saving-Investment Correlations

17.

Are the Japanese Unique? Evidence from Household Saving and Bequest Behavior

ISER Discussion Paper No. 973
Number of pages: 19 Posted: 05 Jun 2016
Charles Yuji Horioka
Kobe University
Downloads 138 (443,924)
Citation 4

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Altruism, bequest behavior, bequest division, bequest motives, Confucianism, culture, economic rationality, family ties, households, household behavior, household saving, “ie” system, Japan, Nihonjinron, parent-child relations, rationality, saving behavior, social norms

18.

Do the Elderly Dissave in Japan?

Number of pages: 16 Posted: 15 Jun 2004
Charles Yuji Horioka
Kobe University
Downloads 137 (446,478)
Citation 2

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Saving, dissaving, Japan, households, elderly, aged, life cycle hypothesis

19.

Why Has Japan's Massive Government Debt Not Wreaked Havoc (Yet)?

Downloads 130 (465,723)
Citation 6

Why Has Japan's Massive Government Debt Not Wreaked Havoc (Yet)?

ISER Discussion Paper No. 888
Number of pages: 27 Posted: 26 Oct 2013 Last Revised: 27 Sep 2016
Charles Yuji Horioka, Takaaki Nomoto and Akiko Terada-Hagiwara
Kobe University, Asian Development Bank and Asian Development Bank
Downloads 93 (601,116)
Citation 6

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Government debt; government securities; sovereign debt; government debt financing; government debt holdings; foreign debt holdings; international capital flows; cross-border portfolio investments; safe haven; capital flight; flight to safety; household saving; home bias; Feldstein-Horioka; Japan

Why Has Japan's Massive Government Debt Not Wreaked Havoc (Yet)?

NBER Working Paper No. w19596
Number of pages: 27 Posted: 02 Nov 2013 Last Revised: 19 Jul 2023
Charles Yuji Horioka, Takaaki Nomoto and Akiko Terada-Hagiwara
Kobe University, Asian Development Bank and Asian Development Bank
Downloads 37 (967,083)

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20.

The Determinants and Long-term Projections of Saving Rates in Developing Asia

Downloads 130 (465,723)

The Determinants and Long-term Projections of Saving Rates in Developing Asia

ISER Discussion Paper No. 821
Number of pages: 37 Posted: 02 Nov 2011 Last Revised: 21 Nov 2011
Charles Yuji Horioka and Akiko Terada-Hagiwara
Kobe University and Asian Development Bank
Downloads 85 (636,497)

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Domestic saving rates, saving rates, life cycle model, life cycle hypothesis, age structure of the population, demographics, aging, population aging, financial sector development, developing Asia, emerging Asia, China

The Determinants and Long-Term Projections of Saving Rates in Developing Asia

NBER Working Paper No. w17581
Number of pages: 37 Posted: 15 Nov 2011 Last Revised: 15 Jan 2023
Charles Yuji Horioka and Akiko Terada-Hagiwara
Kobe University and Asian Development Bank
Downloads 45 (890,667)

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21.

Elderly Poverty and its Measurement

ISER DP No. 1149
Number of pages: 14 Posted: 30 Nov 2021
Yoko Niimi and Charles Yuji Horioka
Doshisha University and Kobe University
Downloads 129 (471,324)

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elderly poverty, inequality, population aging, poverty measurement, public pensions, social security

22.

The (Dis)saving Behavior of the Aged in Japan

Downloads 125 (480,162)
Citation 12

The (Dis)saving Behavior of the Aged in Japan

ISER Discussion Paper No. 763
Number of pages: 26 Posted: 24 Dec 2009
Charles Yuji Horioka and Institute of Social and Economic Research
Kobe University and Osaka University - Institute of Social and Economic Research (ISER)
Downloads 90 (613,749)
Citation 7

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Age structure of the population, aged, aging, consumption, dissaving, elderly, households, Japan, life-cycle model, life-cycle hypothesis, retirement, saving, saving rate

The (Dis)Saving Behavior of the Aged in Japan

NBER Working Paper No. w15601
Number of pages: 26 Posted: 28 Dec 2009 Last Revised: 17 Feb 2023
Charles Yuji Horioka
Kobe University
Downloads 35 (988,013)
Citation 5

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23.

An Assessment of Consumption and Income Taxes in Japan

Number of pages: 26 Posted: 05 Dec 2004
Charles Yuji Horioka and Shizuka Sekita
Kobe University and Osaka University - Graduate School of Economics
Downloads 125 (480,162)

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Consumption tax, Corlett and Hague, economic stimulus, efficiency, equity, excess burden, fiscal reconstruction, income tax, inverse elasticity rule, Japan, Japanese economy, optimal taxation, pension reform, Ramsey, and tax reform

24.

Are Japanese Households Financially Healthy, and If so, Why? A Group of Seven (G7) Comparison

The Japanese Economy, Vol. 39, No. 4, 2012, ISER Discussion Paper No. 859
Number of pages: 19 Posted: 03 Dec 2012
Charles Yuji Horioka
Kobe University
Downloads 121 (492,552)
Citation 10

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financial health, households, balance sheets, liabilities, consumer credit, consumer loans, consumer finance, personal finance, indebtedness, housing loans, mortgages, borrowing, assets, financial assets, housing assets, net worth, net wealth, saving, frugality, culture, religion, tradition

25.

Recent Trends in Consumption in Japan and the Other Group of Seven (G7) Countries

ISER Discussion Paper No. 861
Number of pages: 14 Posted: 19 Dec 2012
Charles Yuji Horioka
Kobe University
Downloads 120 (495,766)

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consumption, private consumption, GDP, economic growth, households, saving, wealth, employment conditions, unemployment rates, Group of 7 (G7), Japan

26.

The Impact of Intergenerational Transfers on Household Wealth Inequality in Japan and the United States

Downloads 119 (498,883)
Citation 6

The Impact of Intergenerational Transfers on Household Wealth Inequality in Japan and the United States

ISER Discussion Paper No. 980
Number of pages: 33 Posted: 27 Sep 2016
Yoko Niimi and Charles Yuji Horioka
Doshisha University and Kobe University
Downloads 54 (817,048)
Citation 1

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bequests, education, inheritances, intergenerational transfers, inter vivos transfers, wealth distribution, wealth inequality

The Impact of Intergenerational Transfers on Household Wealth Inequality in Japan and the United States

ADBI Working Paper 655
Number of pages: 25 Posted: 10 Aug 2017
Yoko Niimi and Charles Yuji Horioka
Doshisha University and Kobe University
Downloads 48 (864,585)

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bequests, education, inheritances, intergenerational transfers, inter vivos transfers, wealth distribution, wealth inequality, US

The Impact of Intergenerational Transfers on Household Wealth Inequality in Japan and the United States

NBER Working Paper No. w22687
Number of pages: 33 Posted: 03 Oct 2016 Last Revised: 29 Jun 2023
Yoko Niimi and Charles Yuji Horioka
Doshisha University and Kobe University
Downloads 17 (1,211,609)
Citation 5

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27.

The Dissaving of the Aged Revisited: The Case of Japan

Downloads 113 (518,741)
Citation 3

The Dissaving of the Aged Revisited: The Case of Japan

ISER Discussion Paper No. 665
Number of pages: 21 Posted: 04 Jul 2006
Charles Yuji Horioka
Kobe University
Downloads 81 (655,296)

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Saving, dissaving, consumption, aged, elderly, households, life cycle model, life cycle hypothesis, Japan

The Dissaving of the Aged Revisited: The Case of Japan

NBER Working Paper No. w12351
Number of pages: 21 Posted: 14 Jul 2006 Last Revised: 02 Oct 2022
Charles Yuji Horioka
Kobe University
Downloads 32 (1,020,684)
Citation 3

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28.

The ‘Real’ Explanation of the PPP Puzzle

ISER Discussion Paper No. 969
Number of pages: 7 Posted: 25 Apr 2016
Nicholas Ford and Charles Yuji Horioka
University of Cambridge - Wolfson College and Kobe University
Downloads 111 (525,769)

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Feldstein-Horioka paradox or puzzle, financial and goods market integration, net transfers of capital, PPP or purchasing power parity puzzle, real interest rate equalisation or parity, saving-investment correlations

29.

Do Borrowing Constraints Matter? An Analysis of Why the Permanent Income Hypothesis Does Not Apply in Japan

Downloads 110 (529,271)
Citation 4

Do Borrowing Constraints Matter? An Analysis of Why the Permanent Income Hypothesis Does Not Apply in Japan

ISER Discussion Paper No. 663
Number of pages: 36 Posted: 25 Jun 2006
Miki Kohara and Charles Yuji Horioka
Osaka School of International Public Policy and Kobe University
Downloads 66 (736,502)

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Borrowing constraints, Liquidity constraints, Consumption, Life Cycle/Permanent Income Hypothesis, Permanent Income Hypothesis, Euler Equation, Households, Japan

Do Borrowing Constraints Matter? An Analysis of Why the Permanent Income Hypothesis Does Not Apply in Japan

NBER Working Paper No. w12330
Number of pages: 36 Posted: 14 Jul 2006 Last Revised: 02 Jan 2023
Miki Kohara and Charles Yuji Horioka
Osaka School of International Public Policy and Kobe University
Downloads 44 (899,587)
Citation 4

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30.

Evolutionary Economics and Household Behavior

ISER Discussion Paper No. 912
Number of pages: 17 Posted: 19 Aug 2014
Charles Yuji Horioka
Kobe University
Downloads 106 (544,021)

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altruism; behavioral economics; bequest motives; consumption behavior; evolution; evolutionary biology; evolutionary economics; household behavior; loss aversion; neoclassical economics; selfishness; self-interest; technology; technological innovation; technological progress; utility maximization

31.

Determinants and Long-Term Projections of Saving Rates in Developing Asia

Asian Development Bank Economics Working Paper Series No. 228
Number of pages: 29 Posted: 08 Dec 2010
Charles Yuji Horioka and Akiko Terada-Hagiwara
Kobe University and Asian Development Bank
Downloads 104 (551,677)
Citation 13

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Domestic Saving, Panel Data

32.

The Wealth Decumulation Behavior of the Retired Elderly in Japan: The Relative Importance of Precautionary Saving and Bequest Motives

ISER DP 1042
Number of pages: 39 Posted: 08 Nov 2018
Yoko Niimi and Charles Yuji Horioka
Doshisha University and Kobe University
Downloads 103 (555,614)
Citation 10

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Aged, Bequests, Dissaving, Japan, Life-Cycle Model, Precautionary Saving, Retired Elderly, Saving, Wealth Decumulation

33.

Do Bequests Increase or Decrease Wealth Inequalities?

Downloads 90 (606,881)
Citation 13

Do Bequests Increase or Decrease Wealth Inequalities?

Institute of Social and Economic Research (ISER) Discussion Paper No. 729
Number of pages: 9 Posted: 08 Jan 2009
Charles Yuji Horioka
Kobe University
Downloads 51 (840,085)
Citation 9

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Bequests, Inheritances, Intergenerational transfers, Wealth inequalities, Life

Do Bequests Increase or Decrease Wealth Inequalities?

NBER Working Paper No. w14639
Number of pages: 9 Posted: 15 Jan 2009 Last Revised: 03 Jul 2022
Charles Yuji Horioka
Kobe University
Downloads 39 (946,873)
Citation 4

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34.

Aging, Saving, and Public Pensions in Japan

NBER Working Paper No. w13273
Number of pages: 41 Posted: 23 Jul 2007 Last Revised: 09 Oct 2022
Charles Yuji Horioka, Wataru Suzuki and Tatsuo Hatta
Kobe University, affiliation not provided to SSRN and National Graduate Institute for Policy Studies (GRIPS)
Downloads 82 (641,990)
Citation 2

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35.

The ‘Real’ Explanation of the Feldstein-Horioka Puzzle

ISER Discussion Paper No. 962
Number of pages: 8 Posted: 10 Mar 2016
Nicholas Ford and Charles Yuji Horioka
University of Cambridge - Wolfson College and Kobe University
Downloads 80 (651,366)
Citation 1

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Feldstein-Horioka paradox, Feldstein-Horioka puzzle, international capital flows, international capital mobility, net transfers of capital, real interest rate equalization, real interest rate parity, saving-investment correlations, trade frictions

36.

The Impact of Pre-Marital Sex Ratios on Household Saving in Two Asian Countries: The Competitive Saving Motive Revisited

Downloads 75 (675,404)

The Impact of Pre-Marital Sex Ratios on Household Saving in Two Asian Countries: The Competitive Saving Motive Revisited

ISER Discussion Paper No. 975
Number of pages: 39 Posted: 07 Jul 2016
Charles Yuji Horioka and Akiko Terada-Hagiwara
Kobe University and Asian Development Bank
Downloads 47 (873,118)

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age structure of the population, competitive saving motive, dowries, household saving, life cycle hypothesis, marriage expenses, population control, saving for marriage, sex ratio, son preference, wedding expenses, Korea, India

The Impact of Pre-Marital Sex Ratios on Household Saving in Two Asian Countries: The Competitive Saving Motive Revisited

NBER Working Paper No. w22412
Number of pages: 40 Posted: 18 Jul 2016 Last Revised: 29 Mar 2023
Charles Yuji Horioka and Akiko Terada-Hagiwara
Kobe University and Asian Development Bank
Downloads 28 (1,067,289)

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37.

Why Do Children Take Care of Their Elderly Parents? Are the Japanese Any Different?

Downloads 73 (685,562)

Why Do Children Take Care of Their Elderly Parents? Are the Japanese Any Different?

ISER Discussion Paper No. 970
Number of pages: 36 Posted: 10 May 2016
Charles Yuji Horioka, Emin Gahramanov, Aziz Hayat and Xueli Tang
Kobe University, American University of Sharjah - Department of Economics, Deakin University - School of Accounting, Economics and Finance and Deakin University
Downloads 46 (881,745)

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Altruism, attention, bequest motive, care, caregiving, contest success function, co-residence, elderly care, exchange motive, informal care, intergenerational transfers, Japan, parental care, parent-child relations, selfishness, social norms, strategic bequest motive

Why Do Children Take Care of Their Elderly Parents? are the Japanese Any Different?

NBER Working Paper No. w22245
Number of pages: 36 Posted: 24 May 2016 Last Revised: 14 Apr 2023
Charles Yuji Horioka, Emin Gahramanov, Aziz Hayat and Xueli Tang
Kobe University, American University of Sharjah - Department of Economics, Deakin University - School of Accounting, Economics and Finance and Deakin University
Downloads 27 (1,079,609)

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38.

Are Americans and Indians More Altruistic than the Japanese and Chinese? Evidence from a New International Survey of Bequest Plans

Downloads 72 (690,722)
Citation 8

Are Americans and Indians More Altruistic than the Japanese and Chinese? Evidence from a New International Survey of Bequest Plans

ISER Discussion Paper No. 901
Number of pages: 41 Posted: 24 May 2014 Last Revised: 30 May 2014
Charles Yuji Horioka
Kobe University
Downloads 46 (881,745)

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Bequests; inheritances; estates; inter vivos transfers; intergenerational transfers; bequest motives; bequest division; bequest plans; household preferences; altruism; selfishness; self-interest; life cycle model; altruism model; dynasty model; primogeniture; strategic bequest motive; religion

Are Americans and Indians More Altruistic than the Japanese and Chinese? Evidence from a New International Survey of Bequest Plans

NBER Working Paper No. w20158
Number of pages: 40 Posted: 26 May 2014 Last Revised: 30 Jan 2022
Charles Yuji Horioka
Kobe University
Downloads 26 (1,091,868)
Citation 8

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39.

住宅ローンの供給 拡大 の是非を問う (Evaluation of the Expansion of Housing Credit in Japan)

ISER DP No. 1098
Number of pages: 24 Posted: 15 Oct 2020
Charles Yuji Horioka and Yoko Niimi
Kobe University and Doshisha University
Downloads 70 (701,379)

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Home-ownership Rate, Housing Finance, Housing Loans, Housing Purchase, Mortgages, Rent

40.

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

Number of pages: 5 Posted: 22 Jan 2007
Tae Okada and Charles Yuji Horioka
Osaka University - Graduate School of Economics and Kobe University
Downloads 69 (706,891)
Citation 1

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Total Factor Productivity, Entry and Exit, Natural Selection, Natural Selection Mechanism, Directional Selection, Disruptive Selection, Diversifying Selection, Evolution, Banking Crisis, Forbearance Lending, Forcible Withdrawal of Loans, Reluctance to Lend, Credit Crunch, Recession, Japanese Economy

41.

Are the Japanese Selfish, Altruistic, or Dynastic?

NBER Working Paper No. w8577
Number of pages: 55 Posted: 02 Nov 2001 Last Revised: 10 Dec 2022
Charles Yuji Horioka
Kobe University
Downloads 69 (706,891)
Citation 5

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42.

IS Imbalances and Current Account Surpluses in Japan: In Memory of Professor Ronald I. McKinnon

ISER Discussion Paper No. 945
Number of pages: 27 Posted: 25 Aug 2015
Charles Yuji Horioka
Kobe University
Downloads 68 (712,386)
Citation 1

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IS imbalances, IS balances, saving-investment balances, global imbalances, current account surpluses, current account balances, trade balances, saving, household saving, corporate saving, government saving, investment, population aging, Ronald McKinnon, Japan

43.

The Degree of Judicial Enforcement and Credit Markets: Evidence from Japanese Household Panel Data

Downloads 68 (712,386)

The Degree of Judicial Enforcement and Credit Markets: Evidence from Japanese Household Panel Data

ISER Discussion Paper No. 764
Number of pages: 31 Posted: 07 Jan 2010
Charles Yuji Horioka, Shizuka Sekita and Institute of Social and Economic Research
Kobe University, Kyoto Sangyo University and Osaka University - Institute of Social and Economic Research (ISER)
Downloads 44 (899,587)

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Judicial enforcement, Credit allocation, Credit rationing, Bankruptcy, Screening, Household Behavior, Borrowing

The Degree of Judicial Enforcement and Credit Markets: Evidence from Japanese Household Panel Data

NBER Working Paper No. w15631
Number of pages: 30 Posted: 11 Jan 2010 Last Revised: 19 Mar 2023
Charles Yuji Horioka and Shizuka Sekita
Kobe University and Kyoto Sangyo University
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44.

The Life and Work of Martin Stuart ('Marty') Feldstein

Steven N. Durlauf and Lawrence E. Blume, eds., New Palgrave Dictionary of Economics, Online Edition (Houndmills, Basingstoke, Hampshire, England: Macmillan Publishers Ltd.), Forthcoming, ISER Discussion Paper No. 905
Number of pages: 19 Posted: 22 Jul 2014 Last Revised: 05 Oct 2015
Charles Yuji Horioka
Kobe University
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Council of Economic Advisers; Feldstein-Horioka paradox or puzzle; Harvard University; international capital mobility; Martin Stuart Feldstein; National Bureau of Economic Research; NBER; public finance; social insurance; social security; taxation

45.

Revitalizing the Japanese Economy by Socializing Risk

ISER Discussion Paper No. 799
Number of pages: 26 Posted: 19 Dec 2010 Last Revised: 19 Feb 2011
Charles Yuji Horioka and Reiko Kanda
Kobe University and National Institute for Research Advancement (NIRA)
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Japanese economy, Policy regimes, Liberal regime, Social democratic regime, Conservative regime, Economic risks, Risk-coping mechanisms, Risk sharing, Socialization of risk, Social welfare, Redistribution, Government expenditures, Income gap, Income disparities, Income inequalities, Discrimination

46.

The Wealth Decumulation Behavior of the Retired Elderly in Italy: The Importance of Bequest Motives and Precautionary Saving

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The Wealth Decumulation Behavior of the Retired Elderly in Italy: The Importance of Bequest Motives and Precautionary Saving

ISER DP No. 1087
Number of pages: 38 Posted: 07 May 2020
Luigi Ventura and Charles Yuji Horioka
Sapienza, University of Rome and Kobe University
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Aged, bequest intentions, bequest motive, dissaving, elderly, households, Italy, inheritances, intergenerational transfers, inter vivos transfers, life-cycle hypothesis or model, precautionary saving, retired elderly, saving, wealth accumulation and decumulation

The Wealth Decumulation Behavior of the Retired Elderly in Italy: The Importance of Bequest Motives and Precautionary Saving

NBER Working Paper No. w26986
Number of pages: 38 Posted: 13 Apr 2020 Last Revised: 27 Mar 2023
Luigi Ventura and Charles Yuji Horioka
Sapienza, University of Rome and Kobe University
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47.

The Impact of Bequest Motives on Retirement Behavior in Japan: A Theoretical and Empirical Analysis

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The Impact of Bequest Motives on Retirement Behavior in Japan: A Theoretical and Empirical Analysis

ISER DP No. 1073, 2020
Number of pages: 43 Posted: 03 Feb 2020
Charles Yuji Horioka, Emin Gahramanov, Aziz Hayat and Xueli Tang
Kobe University, American University of Sharjah - Department of Economics, Deakin University and Deakin University
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Altruistic Bequest Motive, Bequest Motives, Exchange Bequest Motive, Inheritances, Japan, Labor Supply, Retirement, Strategic Bequest Motive, Working Hours

The Impact of Bequest Motives on Retirement Behavior in Japan: a Theoretical and Empirical Analysis

NBER Working Paper No. w26621
Number of pages: 42 Posted: 06 Jan 2020 Last Revised: 29 Mar 2023
Charles Yuji Horioka, Emin Gahramanov, Aziz Hayat and Xueli Tang
Kobe University, American University of Sharjah - Department of Economics, Deakin University and Deakin University
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48.

Is the Eldest Son Different? The Residential Choice of Siblings in Japan

NBER Working Paper No. w12655
Number of pages: 35 Posted: 20 Nov 2006 Last Revised: 30 Jan 2022
Midori Wakabayashi and Charles Yuji Horioka
Tohoku University and Kobe University
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49.

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 DP No.1167
Number of pages: 20 Posted: 04 Apr 2022
Jingwen Yin and Charles Yuji Horioka
Kobe University and Kobe University
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Age structure of the population, China, Dependency ratio, Household saving rate, Life-cycle hypothesis or model, Old-age dependency ratio, Spatial autocorrelation, Spatial Durbin model, Youth dependency ratio

50.

Is the Selfish Life-Cycle Model More Applicable in Japan and, If So, Why? A Literature Survey

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Is the Selfish Life-Cycle Model More Applicable in Japan and, If So, Why? A Literature Survey

ISER DP No. 1102, 2020
Number of pages: 38 Posted: 16 Nov 2020
Charles Yuji Horioka
Kobe University
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Age Structure, Altruism, Bequest Motives, Borrowing Constraints, Consumption, Dis-Saving, Dynasty Model, Elderly, Family Ties, Household Behavior, Inheritances, Inter-Generational Transfers, Japan, Life-Cycle Model, Retirees, Saving Motives

Is the Selfish Life-Cycle Model More Applicable in Japan and, If so, Why? A Literature Survey

NBER Working Paper No. w27869
Number of pages: 38 Posted: 28 Sep 2020 Last Revised: 24 Feb 2023
Charles Yuji Horioka
Kobe University
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51.

Determinants of Health Insurance Enrollment and Health Expenditure in Ghana: An Empirical Analysis

ISER DP No. 1165, 2022
Number of pages: 30 Posted: 11 Mar 2022
Kwame Adjei-Mantey and Charles Yuji Horioka
University of Environment and Sustainable Development and Kobe University
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Ghana, health expenditure, health facilities, health insurance, medical insurance, risk preferences

52.

Was the Expansion of Housing Credit in Japan Good or Bad?

ISER DP No. 1075
Number of pages: 28 Posted: 07 Feb 2020
Charles Yuji Horioka and Yoko Niimi
Kobe University and Doshisha University
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Homeownership, Housing credit, Housing loans, Mortgages, Household debt, Household liabilities

53.

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 DP No. 1067
Number of pages: 18 Posted: 05 Dec 2019
K. Ali Akkemik, Gerçek Çiçek, Charles Yuji Horioka and Yoko Niimi
Yamaguchi University Faculty of Economics, Otto von Guericke University Magdeburg, Kobe University and Doshisha University
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happiness, well-being, trust, life satisfaction, coup d’état, Turkey

54.

The Impact of Sex Ratios Before Marriage on Household Saving in Two Asian Countries: The Competitive Saving Motive Revisited

Asian Development Bank Economics Working Paper Series No. 494
Number of pages: 29 Posted: 20 Oct 2016
Charles Yuji Horioka and Akiko Terada-Hagiwara
Kobe University and Asian Development Bank
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age structure of the population, competitive saving motive, dowries, gender ratio, household saving rate, India, life cycle hypothesis, marriage expenses, population control, premarital sex ratio, Republic of Korea, saving for education, saving for marriage, saving rate, sex ratio, son preference

55.

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"

NBER Working Paper No. w13298
Number of pages: 8 Posted: 09 Aug 2007 Last Revised: 03 Nov 2022
Tae Okada and Charles Yuji Horioka
Osaka University - Graduate School of Economics and Kobe University
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56.

The 'Real' Explanation of the PPP Puzzle

NBER Working Paper No. w22198
Number of pages: 7 Posted: 02 May 2016 Last Revised: 26 Feb 2023
Nicholas Ford and Charles Yuji Horioka
University of Cambridge - Wolfson College and Kobe University
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57.

Does the Selfish Life-Cycle Model Apply in the Case of Japan?

ISER DP NO. 1084
Number of pages: 24 Posted: 27 Apr 2020
Charles Yuji Horioka
Kobe University
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Age structure of the population, altruism, bequest motives, borrowing constraints, consumption, dissaving, elderly, household behavior, inheritances, intergenerational transfers, Japan, life-cycle hypothesis or model, retirees, saving, saving motives, selfishness

58.

The "Real" Explanation of the Feldstein-Horioka Puzzle

NBER Working Paper No. w22081
Number of pages: 8 Posted: 14 Mar 2016 Last Revised: 03 May 2023
Nicholas Ford and Charles Yuji Horioka
University of Cambridge - Wolfson College and Kobe University
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59.

Do the Retired Elderly in Europe Decumulate Their Wealth? The Importance of Bequest Motives, Precautionary Saving, Public Pensions, and Homeownership

NBER Working Paper No. w30470
Number of pages: 42 Posted: 19 Sep 2022 Last Revised: 14 Apr 2023
Charles Yuji Horioka and Luigi Ventura
Kobe University and Sapienza, University of Rome
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60.

Determinants of Health Insurance Enrollment and Health Expenditure in Ghana: An Empirical Analysis

NBER Working Paper No. w30175
Number of pages: 28 Posted: 27 Jun 2022 Last Revised: 14 Jun 2023
Kwame Adjei-Mantey and Charles Yuji Horioka
University of Environment and Sustainable Development and Kobe University
Downloads 17 (1,172,801)
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61.

Why Do Europeans Save? Micro-Evidence from the Household Finance and Consumption Survey

NBER Working Paper No. w32838
Number of pages: 28 Posted: 19 Aug 2024
Charles Yuji Horioka and Luigi Ventura
Kobe University and Sapienza, University of Rome
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62.

Household Saving in Japan: The Past, Present, and Future

NBER Working Paper No. w33181
Number of pages: 32 Posted: 26 Nov 2024
Charles Yuji Horioka
Kobe University
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63.

The Impact of Intergenerational Transfers on the Distribution of Wealth: An International Comparison

NBER Working Paper No. w33015
Number of pages: 31 Posted: 07 Oct 2024
Charles Yuji Horioka
Kobe University
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64.

The Nexus between Long-Term Care Insurance, Formal Care, Informal Care, and Bequests: The Case of Japan

NBER Working Paper No. w32744
Number of pages: 38 Posted: 01 Aug 2024 Last Revised: 12 Oct 2024
Charles Yuji Horioka, Emin Gahramanov and Xueli Tang
Kobe University, American University of Sharjah - Department of Economics and Deakin University
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65.

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, Vol. 79, No. 3, August 1997
Posted: 20 Apr 1998
Charles Yuji Horioka
Kobe University

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