CHARLES YUJI HORIOKA

 

BRIEF BIOGRAPHICAL SKETCH: Charles Yuji Horioka was born in Boston, Massachusetts, U.S.A., in 1956 and received his B.A. and Ph.D. degrees from Harvard University.  He taught at Stanford, Columbia, and Kyoto Universities before assuming his present position as professor of economics at the Institute of Social and Economic Research, Osaka University.  In 2001, he was awarded the Seventh Japanese Economic Association/Nakahara Prize (the Japanese equivalent of the American Economic Association’s John Bates Clark Medal), which is given annually to the most outstanding Japanese economist aged 45 or younger, and he ranks fourth among economists living in Japan according to RePEc (Research Papers in Economics) and about 15th among all Japanese economists in terms of numbers of citations.  His specialties are macroeconomics and the Japanese economy, and he has written about one hundred scholarly articles on household saving, consumption, bequest, and co-residence behavior and parent-child relations in Japan, the United States, China, and India.  His path-breaking article on the so-called “Feldstein-Horioka paradox” (written jointly with Martin Feldstein) was published when he was only 23 and is one of the most widely cited papers in international finance.  Horioka is Co-Editor of the International Economic Review and on the Editorial Boards of several other journals, and he is a Research Associate of the National Bureau of Economic Research, Inc., and of the Center for Japan-U.S. Business and Economic Studies, Leonard N. Stern School of Business, New York University.

 

Contact Information

Institute of Social and Economic Research

Osaka University

6-1, Mihogaoka

Ibaraki, Osaka 567-0047, JAPAN

Telephone: 81-6-6879-8586 (8574 for messages)

Facsimile: 81-6-6878-2766

Email: horioka@iser.osaka-u.ac.jp

Home page: http://www.iser.osaka-u.ac.jp/~horioka/index.html

 

Vital Statistics

Date of Birth: September 7, 1956

Place of Birth: Boston, Massachusetts, U.S.A.

Country of Citizenship: U.S.A. (permanent resident of Japan)

 

Present Position

Professor of Economics, Institute of Social and Economic Research, Osaka University

 

Education

B.A. magna cum laude with High Honors in Economics, Harvard College, Cambridge, Massachusetts, U.S.A., June 1977

 

Diploma in Advanced Japanese Language Studies, Inter-University Center for Japanese Language Studies (administered by Stanford University), Tokyo, Japan (now in Yokohama, Japan), June 1982

 

Research Student, Graduate School of Economics, University of Tokyo, Tokyo, Japan, October 1982-August 1983

 

Ph.D. in Business Economics, Harvard University, Cambridge, Massachusetts, U.S.A., June 1985

Dissertation title: Household Saving in Japan: The Importance of Target Saving for Education and Housing

Supervisor: Professor Dale W. Jorgenson

 

Career History

Assistant Professor, Faculty of Economics, Kyoto University, Kyoto, Japan, October 1983-July 1985

 

Associate Professor, Faculty of Economics, Kyoto University, Kyoto, Japan, August 1985-August 1987

 

Associate Professor, Institute of Social and Economic Research, Osaka University, Ibaraki, Osaka, Japan, September 1987-June 1997

 

Professor, Institute of Social and Economic Research, Osaka University, Ibaraki, Osaka, Japan, June 1997-present

 

Adjunct, Visiting, and Part-Time Positions

Research Assistant to Professor Martin S. Feldstein, Department of Economics, Harvard University, and National Bureau of Economic Research, Cambridge, Massachusetts, June 1977-August 1981

 

Research Assistant to Professor Michael Y. Yoshino, Graduate School of Business Administration, Harvard University, Boston, Massachusetts, U.S.A., June 1978-August 1978

 

Teaching Fellow, Department of Economics, Harvard University, Cambridge, Massachusetts, U.S.A., September 1979-June 1981

 

Visiting Assistant Professor, Department of Economics, Stanford University, Stanford, California, U.S.A., January-June 1988

 

Part-time Lecturer, Stanford Japan Center, Kyoto, Japan, April-June 1990

 

Visiting Associate Professor, Department of Economics and East Asian Institute, Columbia University, New York, N.Y., U.S.A., January-May 1993

 

Adjunct Professor, Osaka School of International Public Policy (OSIPP), Osaka University, Toyonaka, Osaka, Japan, April 1997-September 1998

 

Visiting Professor, Center for International Research on the Japanese Economy (CIRJE), Faculty of Economics, University of Tokyo, Tokyo, Japan, April 2000-March 2001

 

Visiting Scholar, Federal Reserve Bank of San Francisco, San Francisco, California, U.S.A., July 5-12, 2007; May 18-22, 2009

 

Fellowships and Grants

 1. Japan Foundation Language Fellowship, 1981-82

 

 2. United States Department of Education Fulbright-Hays Doctoral Dissertation Research Abroad Fellowship, 1982-83

 

 3. Japan Foundation Doctoral Dissertation Fellowship, 1982-83 (declined)

 

 4. Japan Foundation for the Promotion of Research in Economics Research Grant, 1984-85

 

 5. Twenty-first Century Cultural and Scientific Foundation Research Grant, 1984-86 (co-researcher)

 

 6. John M. Olin Foundation Postdoctoral Research Fellowship, Center for Economic Policy Research, Stanford University, Stanford, California, U.S.A., 1988

 

 7. Japanese Ministry of Education, Culture, Sports, Science and Technology Grant-in-Aid for Scientific Research, 1994-95, 1996-97 until 1998-99, 2000-01 until 2005-06, 2005-06 until 2008-09

 

 8. Nomura Foundation for Social Science Travel Grant, 1996

 

Other Honors and Recognition

 1. Received B.A. degree magna cum laude with High Honors in Economics, Harvard College, June 1977

 

2. The Seventh Japanese Economic Association/Nakahara Prize (2001)(given each year to the most outstanding economist in Japan under the age of 45; the Japanese equivalent of the John Bates Clark Medal of the American Economic Association)

 

 3. Invited Lectures

    (1) Invited Lecture, Second Biennial Conference of the Hong Kong Economic Association, Hong Kong Baptist University, Hong Kong, December 16, 2002 (“How Do the Japanese Cope with Risk?”)

    (2) Keynote Address, Fifth Biennial Conference of the Asian Consumer and Family Economics Association (ACFEA), College of Social Sciences, National Chengchi University, Taipei, Taiwan, December 17-19, 2003 (“are the Japanese Selfish, Altruistic, or Dynastic?”)

    (3) Invited Lecture, Far Eastern Meeting of the Econometric Society, Yonsei University, Seoul, Korea, June 30-July 2, 2004 (“are the Japanese Selfish, Altruistic, or Dynastic?”)

(4) Invited Lecture, Singapore Economic Review Conference (SERC) 2005, Pan-Pacific Hotel, Singapore, August 4-6, 2005 (“are the Japanese Selfish, Altruistic, or Dynastic?”)

    (5) Keynote Speaker, Seminar on “Ageing Asia: A New Challenge for the Region,” Fortieth Annual Meeting of the Board of Governors of the Asian Development Bank (ADB), Kyoto, Japan, May 4-7, 2007 (“Aging, Saving, and Fiscal Policy”)

(6) Keynote Speaker, Twelfth International Conference on “Dynamics, Economic Growth and International Trade (DEGIT)” (organized by the Asian Economics Centre, Department of Economics, University of Melbourne; Department of Economics, Copenhagen Business School; and Kiel Institute for the World Economy), University of Melbourne, Victoria, Australia, June 29-30, 2007 (“Aging and Saving”)

(7) Keynote Speaker, International Workshop on the Prospects of Aging Economy, Department of Economics, National Cheng Kung University, Tainan, Taiwan, March 4, 2009 (“The Saving Behavior of the Aged in Japan”)

(8) Keynote Speaker, International Conference on Econometrics and the World Economy, The Center for Advanced Economic Study (CAES), Fukuoka University, Fukuoka, Japan, March 23-24, 2009 (“Bequest Motives and Parent-Child Relations in the U.S., Japan, and China”)

(9) Invited Speaker, Symposium on “The Outlook for Consumption,” Center for the Study of Innovation and Productivity, Federal Reserve Bank of San Francisco, San Francisco, California, U.S.A., May 22, 2009 (“Post-Bubble Trends in Household Consumption and Saving in Japan: Lessons for the United States”)

(10) Keynote Speaker, Eighth Biennial Conference of the Asian Consumer and Family Economics Association (ACFEA), Yamaguchi University, Yamaguchi, Japan, July 2-5, 2009 (“Altruism, Bequest Motives, and Parent-Child Relations in the U.S., Japan, China, and India”)

(11) Invited Speaker and Panelist, First Annual Tsinghua Workshop in Macroeconomics, School of Economics and Management, Tsinghua University, Beijing, China, July 6-8, 2009 (“The Saving Behavior of the Aged in Japan”)

(12) Invited Speaker, International Workshop on “Social Inequality in Transferring Resources across Generations,” Faculty of Letters, University of Tokyo, Tokyo, Japan, September 28, 2009, organized by the project, “A Comprehensive Study Examining the Forms of Social Stratification in an Aging Society and Constructing Public Norms," and sponsored by the Japan Society for the Promotion of Science (Scientific Research (S) 20223004)(“An International Comparison of Altruism, Bequest Motives, and Parent-Child Relations”).

(13) Keynote Speaker, Conference on “Economic Crisis and Recovery: Enhancing Resilience, Structural Reform, and Freer Trade in the Asia-Pacific Region," co-sponsored by the Pacific Economic Cooperation Council (PECC), Singapore National Committee for Pacific Economic Cooperation (SINCPEC), and Institute of Policy Studies (IPS), National University of Singapore, October 7-8, 2009 (“Recent Trends in Consumption and Saving in Japan”)

    (14) Invited Speaker and Panelist, 2009 Signature Event: “Trade and Industry in Asia Pacific: History, Trends and Prospects,” Australian National University, Canberra, Australia, November 19-20, 2009, sponsored by the Australian Research Council (ARC)-Asia Pacific Futures Research Network; Arndt-Corden Division of Economics, Research School of Pacific and Asian Studies, College of Asia and the Pacific, The Australian National University; and The School of Economics and Finance, La Trobe University (“Past and Future Trends in Japan’s Household Saving Rate and the Implications for Japan’s Current Account Balance”)

    (15) Invited Speaker and Panelist, Asian Development Bank Institute (ADBI) Annual Conference on “The Effects of Social Policy on Domestic Demand,” Asian Development Bank Institute (ADBI), Tokyo, Japan, December 4, 2009 (“Cross-Country Differences in Household Saving Rates and Social Benefit Ratios”)

    (16) Invited Speaker, APEC (Asia-Pacific Economic Cooperation) Japan 2010 Symposium, Hotel Nikko Tokyo, Tokyo, Japan, December 9-10, 2009, sponsored jointly by the Japanese Ministry of Foreign Affairs and the Japanese Ministry of Economy, Trade, and Industry (“Strategy for Asia-Pacific Prosperity: Inclusive Growth”)

    (17) Invited Speaker, Conference on “Cultures of Credit: Consumer Lending and Borrowing in Modern Economics,” German Historical Institute, Washington, D.C., February 5-6, 2010 (“Japan and the Western Model: An Economists’ View of Cultures of Household Finance”)  

    (18) Invited Speaker and Chairperson, Pacific Economic Cooperation Council (PECC) International Workshop on Social Resilience Project,” sponsored by the Pacific Economic Cooperation Council (PECC) and the Japan National Committee for Pacific Economic Cooperation (JANCPEC)and held at the International House of Japan, Tokyo, Japan, March 4-5, 2010 (”Cross-Country Differences in Household Saving Rates and Social Benefit Ratios”)

(19) Invited Speaker and Discussion Leader, Sixth Roundtable Japan, Tokyo, Japan, May 28-29, 2010, sponsored jointly by the Forma Corporation and Smadja and Associates

 

 4. Biographical dictionaries:

International Dictionary of Biography

Men of Achievement

Who’s Who in Science and Technology

Who’s Who in the World

 

Citations

Number of citations (according to Social Sciences Citation Index) (as of December 2009): 830

Ranking in terms of number of citations (according to Research Papers in Economics (RePEc)) (as of December 2009):

4th in Japan (top 1.0 percent), 799nd in the world (top 3.5 percent)

Overall ranking (according to Research Papers in Economics (RePEc)) (as of December 2009): 4th in Japan (top 1.0 percent), 27th in Asia (top 1.7 percent), 1036th in the world (top 4.6 percent)

 

Professional Affiliations

American Economic Association

National Bureau of Economic Research

European Economic Association

Japanese Economic Association

Royal Economic Society

Tokyo Center for Economic Research

 

Professional Service

Research Associateships

 1. Research Associate, National Bureau of Economic Research, Cambridge, Massachusetts, U.S.A., 1987-present

 

 2. Research Associate, Center for Japan-U.S. Business and Economic Studies, Leonard N. Stern School of Business, New York University, New York, N.Y., U.S.A., 1989-present

 

Committees

1. Member, Committee on the Japanese Panel Survey of Consumers (JPSC), Institute for Household Economy, Tokyo, Japan, 1993-present

 

Editorial Experience

 1. Associate Editor, Economic Studies Quarterly (now Japanese Economic Review), 1988-1994

 2. Associate Editor, International Economic Review, 1997-1998

 3. Associate Editor, Japanese Economic Review, 1998-present

 4. Co-Editor, International Economic Review, 1998-present

 5. Editorial Advisory Board Member, Editorial Board Member, Keizai Bunseki (Policy Institute, Cabinet Office, Government of Japan, ed.), 2003-present

 6. Editorial Board, Journal of Family and Economic Issues, 2004-present

 7. Board of Editors, Japan and the World Economy, 2006-present

 

Guest Editorships

1.  Special Issue on Saving, Finansharu Rebyuu (Ministry of Finance, ed.), no. 25 (December 1992)(in Japanese).

2.  Symposium on Macroeconomic Analyses of Japan’s Lost Decade, Japanese Economic Review, vol. 57, no. 2 (June 2006) (co-editor with Kenn Ariga and Fumio Hayashi).

 

Refereeing Experience

1. American Economic Review

2. Asian Economic Journal

3. Cambridge University Press

4. Denryoku Keizai Kenkyuu (Research on Electric Power Economics)

5. Economic Journal

6. Economics Letters

7. European Economic Review

8. International Economic Review

9. International Institute for Applied Systems Analysis

10. Japan and the World Economy

11. Journal of Applied Econometrics

12. Journal of Economic Growth

13. Journal of Economic Studies

14. Journal of International Economics

15. Journal of International Money and Finance

16. Journal of Macroeconomics

17. Journal of Political Economy

18. Journal of Public Economics

19. Journal of the Japanese and International Economies

20. Keizai Bunseki

21. Keizai Kenkyuu (Economic Review)

22. Kikan Kakei Keizai Kenkyuu (Journal of the Institute for Household

    Economy)

23. Kikan Shakai Hoshou Kenkyuu (Quarterly of Social Security Research)

24. Nihon Keizai Kenkyuu (JCER (Japan Center for Economic Research) Economic

    Journal)

25. Nihon Rodo Kenkyuu Zasshi (Monthly Journal of the Japan Institute of Labor)

26. Oxford University Press

27. Review of Economics and Statistics

28. Review of Income and Wealth

29. Ricerche Economiche

30. Scandinavian Journal of Economics

31. Southern Economic Journal

32. Structural Change and Economic Dynamics

 

External Review Committees

1. Member, Research Advisory Committee and Monograph Series Editorial Committee, The International Centre for the Study of East Asian Development (ICSEAD), Kitakyushu, Japan, 2003-2007

2. External Reviewer, Institute of Economic Research, Hitotsubashi University, July-September 2006

 

Conference Organization

 1. Program Committee, 27th Econometrics Conference (“Biwako Conference”), July 11-13, 1989

 

 2. Program Committee, 30th and 31st Tokyo Center for Economic Research Conference (“Hakone Conference”), March 23-25, 1992, and March 17-19, 1993

 

 3. Program Committee, Annual Conference of the Japan Association of Economics and Econometrics, September 22-23, 1996

 

 4. Co-Organizer, First through Seventh Macro Conferences, a conference held annually and co-sponsored by the Tokyo Center for Economic Research (TCER) and the Center for International Research on the Japanese Economy (CIRJE), University of Tokyo, September 11, 1999 (Tokyo), September 21, 2000 (Tokyo), September 29, 2001 (Osaka), and September 28, 2002 (Kyoto), September 27, 2003 (Tokyo), December 11, 2004 (Tokyo), and November 26, 2005 (Kyoto) (with Kenn Ariga and Fumio Hayashi)

 

5. Program Committee, Far Eastern Meeting of the Econometrics Society (Yonsei University, Seoul, Korea), June 30-July 2, 2004.

 

6. Co-Organizer, Sixth Japan Project Meeting, a conference on the Japanese economy held annually in Tokyo, Japan, and co-sponsored by the National Bureau of Economic Research (NBER); the Center for International Research on the Japanese Economy (CIRJE), University of Tokyo; the European Institute of Japanese Studies (EIJS); and the Centre for Economic Policy Research (CEPR), September 1-2, 2004 (with Magnus Blomstrom, Jenny Corbett, Fumio Hayashi, Anil Kashyap, and David Weinstein).

 

7. Co-Organizer, Eighth, Ninth, and Tenth Japan Project Meetings, a conference on the Japanese economy held annually in Tokyo, Japan, and co-sponsored by the National Bureau of Economic Research (NBER); the Center for Advanced Research in Finance (CARF), University of Tokyo; the Center on Japanese Economy and Business (CJEB), Columbia University; the European Institute of Japanese Studies (EIJS); and the Australia-Japan Research Centre (AJRC), Australian National University, September 15-16, 2006, June 26-27, 2007, and June 24-25, 2008 (Tokyo)(with Magnus Blomstrom, Jenny Corbett, Fumio Hayashi, Anil Kashyap, and David Weinstein).

 

8. Co-Organizer, Eighth Macro Conference, held at Keio University, Tokyo, Japan, and co-sponsored by the Tokyo Center for Economic Research (TCER) and the Twenty-first Century Center of Excellence (COE) Program of the Faculties of Economics and Commerce, Keio University, March 2-3, 2007 (with Masaya Sakuragawa).

 

9. Co-Organizer, Ninth Macro Conference, held at Keio University, Tokyo, Japan, and co-sponsored by the Tokyo Center for Economic Research (TCER), the Twenty-first Century Center of Excellence (COE) Program of the Faculties of Economics and Commerce, Keio University, and the Creative Scientific Research Project on Inflation Dynamics, Institute of Economic Research, Hitotsubashi University, December 1-2, 2007 (with Masaya Sakuragawa and Tsutomu Watanabe).

 

10. Co-Organizer, Tenth Macro Conference, held at Hitotsubashi University, Tokyo, Japan, and co-sponsored by the Tokyo Center for Economic Research (TCER); the Creative Scientific Research Project on Inflation Dynamics, Institute of Economic Research, Hitotsubashi University; the Open Research Center, Global Security Research Institute (G-SEC), Keio University; and the Global COE Program on Human Behavior and Socioeconomic Dynamics, Graduate School of Economics and Institute of Social and Economic Research, Osaka University, December 6-7, 2008 (with Masaya Sakuragawa and Etsuro Shioji).

 

11. Co-Organizer, Eleventh Japan Project Meeting, a conference on the Japanese economy held annually in Tokyo, Japan, and co-sponsored by the National Bureau of Economic Research (NBER); the Center for Advanced Research in Finance (CARF), University of Tokyo; the Center on Japanese Economy and Business (CJEB), Columbia University; and the Australia-Japan Research Centre (AJRC), Australian National University, June 30-July 1, 2009 (Tokyo)(with Jenny Corbett, Takatoshi Ito, Anil Kashyap, and David Weinstein).

 

12. Conference Vice-Chair, Eighth Biennial Conference of the Asian Consumer and Family Economics Association (ACFEA), School of Economics, Yamaguchi University, Yamaguchi, Japan, July 8-11, 2009.

 

13. Co-Organizer, Eleventh Macro Conference, held at the Banpaku Office, Institute of Social and Economic Research, Osaka University, Suita City, Osaka Prefecture, Japan, and co-sponsored by the Tokyo Center for Economic Research (TCER); the Global COE Program on Human Behavior and Socioeconomic Dynamics, Graduate School of Economics and Institute of Social and Economic Research, Osaka University; the Open Research Center, Global Security Research Institute (G-SEC), Keio University; and the Creative Scientific Research Project on Inflation Dynamics, Institute of Economic Research, Hitotsubashi University, December 22-23, 2009 (with Masaya Sakuragawa and Etsuro Shioji).

 

14. Co-Organizer, Twelfth Japan Project Meeting, a conference on the Japanese economy held annually in Tokyo, Japan, and co-sponsored by the National Bureau of Economic Research (NBER); the Center for Advanced Research in Finance (CARF), University of Tokyo; the Center on Japanese Economy and Business (CJEB), Columbia University; and the Australia-Japan Research Centre (AJRC), Australian National University, June 25-26, 2010 (Tokyo)(with Jenny Corbett, Takatoshi Ito, Anil Kashyap, and David Weinstein).

 

Government Service

 1. Research Assistant, Economic Research Institute, Economic Planning Agency, Tokyo, Japan, 1982-83

 

 2. Contract Research, Postal Life Insurance Bureau, Ministry of Posts and Telecommunications, Tokyo, Japan, 1983-87

 

 3. Consultant, Asian Department, International Monetary Fund, Washington, D.C., U.S.A., 1985

 

 4. Contract Research, Institute of Fiscal and Monetary Studies, Ministry of Finance, Tokyo, Japan, 1989-92

 

 5. Member, Advisory Committee on Fiscal Problems (Zaisei Mondai Chosa Kenkyu no tame no Kondankai), Budget Bureau, Ministry of Finance, Tokyo, Japan, February 1989-present

 

 6. Contract Research, Kinki Postal Bureau, Osaka, Japan, 1990-91 and 1992-93

 

 7. Contract Research, Information Services Bureau, Bank of Japan, Tokyo, Japan, 1991-1992

 

 8. Special Guest Research Officer, Institute for Posts and Telecommunications Policy, Ministry of Posts and Telecommunications, Tokyo, Japan, 1992-2002

 

 9. Member, Economic Advisory Council to the Prime Minister of Japan (Keizai Shingi-kai), Tokyo, Japan, September-December 1994

 

10. Member, Study Group on Macroeconomics (Makuro-keizai Kenkyukai), Industrial Policy Bureau, Ministry of International Trade and Industry, Tokyo, Japan, October 1998-March 1999

 

11. Member, Study Group on the Impact of the Retirement of the Baby Boom Generation on the Japanese Economy, Policy Research Institute, Ministry of Finance, Tokyo, Japan, December 2003-June 2004

 

12. Member, Research Committee on the National Accounts, Cabinet Office, Tokyo, Japan, April 2004-September 2007

 

13. Member, Economic and Fiscal Prospects Working Group, “Vision for Japan in the 21st Century,” Cabinet Office, Tokyo, Japan, September 2004-March 2005

 

14. Member, Study Group on Employment and Skill Development Policies for Young Workers, Cabinet Office, Tokyo, Japan, October 2004-March 2005

 

15. Special Guest Research Officer, National Institute of Population and Social Security Research, Tokyo, Japan, April 2006-present

 

16. Member, Review Committee on the “Public Opinion Survey on Household Financial Assets,” Central Council for Financial Information, Bank of Japan, Tokyo, Japan, October 2006-March 2007

 

17. Non-voting Member, National Accounts Subcommittee, Statistics Advisory Council, Cabinet Office, Tokyo, Japan, October 2007-present

 

18. Member, Research Project on Economic and Regional Structural Change in Japan,” Policy Research Institute, Ministry of Finance, Tokyo, Japan, October 2008-March 2009

 

19.   Director, Macro Analysis Team, “Social Resilience Project,” sponsored by the Pacific Economic Cooperation Council (PECC) and the Japan National Committee for Pacific Economic Cooperation (JANCPEC), Tokyo, Japan, July 2009-November 2010

 

20. Director, Research Project on “The State of the Japanese Economy after the Financial Crisis,” National Institute for Research Advancement (NIRA), Tokyo, Japan, August 2009-March 2010

 

Community and Social Service

 1. Non-resident Tutor in Economics and Business, Currier House, Harvard University, 1979-81

 

 2. Harvard University Office of Career Services Alumni Referral Program, 1983-present

 

 3. Interviewer, Fulbright Fellowship Program, 1995, 1998

 

 4. Interviewer, Harvard and Radcliffe Colleges, 1997-present

 

 5. Lecturer, Kinki Area Broadcast University Radio Lecture Series (“The Japanese Economy and Firm Management in the 21st Century”), 1996

 

 6. Lecturer, Osaka University Public Lecture Series (“Towards an Aging Society”), 1998

 

Language Ability

Fully fluent in English and Japanese, working knowledge of French

Passed Level 1 (the highest level) of the Japanese-Language Proficiency Test administered by the Association of International Education, Japan, on December 4, 1994, with a score of 391 out of 400 (97.75 percent)(passing score: 280).

 

Books

 1.  Koureika Shakai no Chochiku to Isan/Souzoku (Saving and Bequests in an Aging Society) (Tokyo: Nihon Hyouronsha, 1996) (co-editor/co-author with Noriyuki Takayama and Kiyoshi Ohta) (in Japanese).

 

20.       Nichibei Kakei no Chochiku Koudou (The Saving Behavior of U.S. and Japanese Households) (Tokyo: Nihon Hyouronsha, 1998) (co-editor/co-author with Kouji Hamada) (in Japanese)

 

21.       Setai-nai Bunpai/Sedai-kan Iten no Keizai Bunseki (The Economic Analysis of Intra-Household Distribution and Inter-generational Tranfers) (Tokyo: Minerva Shobo, 2008) (co-editor with Zaidan Houjin Kakei Keizai Kenkyuusho (Institute for Research on Household Economics) (in Japanese).

 

Articles in Refereed Journals

 1. “Domestic Saving and International Capital Flows,” Economic Journal, vol. 90, no. 358 (June 1980), pp. 314-329 (co-author with Martin S. Feldstein).

 

 2. “International Differences in Social Security and Saving: A Comparison of the Barro and Feldstein Estimates,” published as an Appendix to Martin S. Feldstein, “International Differences in Social Security and Saving,” Journal of Public Economics, vol. 14, no. 2 (October 1980), pp. 238-244.

 

 3. “Saving for Housing Purchase in Japan,” Journal of the Japanese and International Economies, vol. 2, no. 3 (September 1988), pp. 351-384.

 

 4. “Tenure Choice and Housing Demand in Japan,” Journal of Urban Economics, vol. 24, no. 3 (November 1988), pp. 289-309.

 

 5. “Why Is Japan's Household Saving Rate So High?  A Literature Survey,” Journal of the Japanese and International Economies, vol. 4, no. 1 (March 1990), pp. 49-92.  Reprinted in Peter Drysdale and Luke Gower, eds., The Japanese Economy II, vol. 8: Macroeconomic Policy and Conditions (Routledge Library of Modern Japan)(London: Routledge and Kegan Paul, 1998), pp. 75-115, and in Heather Smith, ed., The Economic Development of Northeast Asia (Cheltenham, Gloucester, U.K.: Edward Elgar Publishing Ltd., 2001). 

 

 6. “The Determinants of Japan's Saving Rate: The Impact of the Age Structure of the Population and Other Factors,” Economic Studies Quarterly (now called Japanese Economic Review), vol. 42, no. 3 (September 1991), pp. 237-253.

 

 7. “Future Trends in Japan's Saving Rate and the Implications Thereof for Japan's External Imbalance,” Japan and the World Economy, vol. 3, no. 4 (April 1992), pp. 307-330.  Reprinted in Lawrence R. Klein, ed., A Quest for a More Stable World Economic System: Restructuring at a Time of Cyclical Adjustment (Dordrecht, Boston, and London: Kluwer Academic Publishers, 1993), pp. 299-328.

 

 8. “Japan's Consumption and Saving in International Perspective,” Economic Development and Cultural Change, vol. 42, no. 2 (January 1994), pp. 293-316.  Reprinted in Steven Tolliday, ed., The Economic Development of Modern Japan Since 1868, Part Two: 1945-1995 (Cheltenham, Gloucester, U.K.: Edward Elgar Publishing Ltd., 2000).

 

 9. “Is Japan's Household Saving Rate Really High?” Review of Income and Wealth, series 41, no. 4 (December 1995), pp. 373-397.

 

10. “Capital Gains in Japan: Their Magnitude and Impact on Consumption,” Economic Journal, vol. 106, no. 436 (May 1996), pp. 560-577.

 

11. “Do the Aged Dissave in Japan? Evidence from Micro Data,” Journal of the Japanese and International Economies, vol.10, no. 3 (September 1996), pp. 295-311 (co-author with Norihiro Kasuga, Katsuyo Yamazaki, and Wako Watanabe).

 

12. “Why Do People Save?  A Micro-Analysis of Motives for Household Saving in Japan,” Economic Journal, vol. 107, no. 442 (May 1997), pp. 537-552 (co-author with Wako Watanabe) (lead article of the May 1997 issue).

 

13. “A Cointegration Analysis of the Impact of the Age Structure of the Population on the Household Saving Rate in Japan,” Review of Economics and Statistics, vol. 79, no. 3 (August 1997), pp. 511-516.

 

14. “Japan’s Public Pension System: What’s Wrong with It and How to Fix It,” Japan and the World Economy, vol. 11, no. 2 (April 1999), pp. 293-303.

 

15. “A U.S.-Japan Comparison of the Importance and Determinants of Retirement Saving,” Economics Letters, vol. 65, no. 3 (December 1999), pp. 365-371 (co-author with Megumi Okui).

 

16. “Are Americans More Altruistic than the Japanese?  A U.S.-Japan Comparison of Saving and Bequest Motives,” International Economic Journal, vol. 14, no. 1 (Spring 2000), pp. 1-31 (co-author with Hideki Fujisaki, Wako Watanabe, and Takatsugu Kouno) (lead article of the Spring 2000 issue).

 

17. “Are the Japanese Selfish, Altruistic, or Dynastic?” Japanese Economic Review, vol. 53, no. 1 (March 2002), pp. 26-54 (the 2001 JEA-Nakahara Prize Lecture).

 

18. “How Do the Japanese Cope with Risk?” Seoul Journal of Economics, vol. 15, no. 1 (Spring 2002), pp. 1-30 (co-author with Akane Murakami and Miki Kohara)(lead article of Spring 2002 issue).

 

19. “Symposium on Macroeconomic Analyses of Japan’s Lost Decade: Introduction,” Japanese Economic Review, vol. 57, no. 2 (June 2006), pp. 157-160 (co-author with Kenn Ariga and Fumio Hayashi).

 

20. “Do Borrowing Constraints Matter? An Analysis of Why the Permanent Income Hypothesis Does Not Apply in Japan,” Japan and the World Economy, vol. 18, no. 4 (December 2006), pp. 358-377 (co-author with Miki Kohara).

 

21. “The Causes of Japan’s ‘Lost Decade’: The Role of Household Consumption,” Japan and the World Economy, vol. 18, no. 4 (December 2006), pp. 378-400.

 

22. “Tax Reform in Japan: The Case of Personal Taxes,” Japan and the World Economy, vol. 19, no. 3 (August 2007), pp. 380-392 (co-author with Shizuka Sekita).

 

23. “Aging, Saving and Public Pensions,” Asian Economic Policy Review, vol. 2, no. 2 (December 2007), pp. 303-319 (co-author with Wataru Suzuki and Tatsuo Hatta).

 

24. “The Determinants of Household Saving in China: A Dynamic Panel Analysis of Provincial Data,” Journal of Money, Credit and Banking, vol. 39, no. 8 (December 2007), pp. 2077-2096 (co-author with Junmin Wan).

 

25. "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,'" Journal of Economic Behavior and Organization, vol. 67, no. 2 (August 2008), pp. 517-520  (co-author with Tae Okada).

 

26. “Do Bequests Increase or Decrease Wealth Inequalities?” Economics Letters, vol. 103, issue 1 (April 2009), pp. 23-25.

 

27. “Is the Eldest Son Different? The Residential Choice of Siblings in Japan, Japan and the World Economy, vol. 21, issue 4 (December 2009), pp. 337-348 (co-author with Midori Wakabayashi).

 

28. “Aging and Saving in Asia,” Pacific Economic Review, vol. 15, no. 1 (February 2010), pp. 46-55.

 

29. “The (Dis)saving Behavior of the Aged in Japan,” Japan and the World Economy, vol. 22 (2010), forthcoming.

 

30. “The Degree of Judicial Enforcement and Credit Markets: Evidence from Japanese Household Panel Data,” International Review of Finance, revision submitted (co-author with Shizuka Sekita).

 

 

Articles in Refereed Books

31. “Why Is Japan's Private Saving Rate So High?” in Ryuzo Sato and Takashi Negishi, eds., Developments in Japanese Economics (Tokyo: Academic Press/Harcourt Brace Jovanovich, Publishers, 1989), pp. 145-178 (externally refereed).

 

32. “Consuming and Saving,” in Andrew Gordon, ed., Postwar Japan as History (Berkeley, California: University of California Press, 1993), pp. 259-292 (externally refereed).

 

33. “Saving in Japan,” in Arnold Heertje, ed., World Savings: An International Survey (Oxford, UK, and Cambridge, USA: Blackwell Publishers, 1993), pp. 238-278 (refereed by Franco Modigliani).

 

34. “Saving Motives in Japan,” in Tsuneo Ishikawa, ed., The Distribution of Income and Wealth in Japan (Oxford, U.K.: Oxford University Press), forthcoming (co-author with Fumio Ohtake) (editor-refereed).

 

35. “Japan’s Public Pension System in the Twenty-first Century,” in Magnus Blomstrom, Byron Gangnes, and Sumner LaCroix, eds., Japan’s New Economy: Continuity and Change in the Twenty-First Century (New York: Oxford University Press Inc., 2001), pp. 99-119 (editor-refereed).

 

36. “Do the Elderly Dissave in Japan?” in Lawrence R. Klein, ed., Long Run Growth and Short Run Stabilization: Essays in Memory of Albert Ando (1929-2002) (Cheltenham, Gloucester, UK: Edward Elgar Publishing, 2006), pp. 129-136 (editor-refereed).

 

37."Are the Japanese Unique? An Analysis of Consumption and Saving Behavior in Japan," in Sheldon Garon and Patricia Maclachlan, eds., The Ambivalent Consumer: Questioning Consumption in East Asia and the West (Ithaca, New York: Cornell University Press, 2006), pp. 113-136 (externally refereed).

 

38. “A Survey of Household Saving Behaviour,” in Florian Coulmas, Harald Conrad, Annette Schad-Seifert, and Gabriele Vogt, eds., The Demographic Challenge--A Handbook about Japan (Leiden, Netherlands: Brill Academic Publishers, 2008), pp. 879-897 (editor-refereed).

 

39. “Why Does China Save So Much?” in Barry Eichengreen, Charles Wyplosz, and Yung Chul Park, eds., China, Asia, and the New World Economy (Oxford: Oxford University Press, 2008), pp. 371-391 (co-author with Junmin Wan) (editor-refereed). 

 

40. “Aging, Saving, and Fiscal Policy,” in Jayant Menon, ed., Aging Asia: A New Challenge for the Region, forthcoming (editor-refereed).

 

Other Scholarly Articles

41. “The Applicability of the Life-Cycle Hypothesis of Saving to Japan,” Kyoto University Economic Review, vol. 54, no. 2 (October 1984), pp. 31-56.

 

42. “The Importance of Saving for Education in Japan,” Kyoto University Economic Review, vol. 55, no. 1 (April 1985), pp. 41-78.

 

43. “Why Is Japan's Private Savings Rate So High?” Finance and Development (a quarterly publication of the International Monetary Fund and the World Bank), vol. 23, no. 4 (December 1986), pp. 22-25 (internally refereed).

 

44. “The Cost of Marriages and Marriage-related Saving in Japan,” Kyoto University Economic Review, vol. 57, no. 1 (April 1987), pp. 47-58.

 

45. “The Importance of Life-Cycle Saving in Japan: A Novel Estimation Method,” mimeo. (1990). 

 

46. “On the Importance, Nature, and Impact of Bequests in Japan,” under review (co-author with Koji Yamashita, Masashi Nishikawa, and Shiho Iwamoto).

 

47. “Bequest Motives in the United States: A Test of the Life Cycle and Altruism Models,” under review (co-author with Yoon G. Lee).

 

48. “Retirement Saving and Retirement Behavior in Japan,” under review (co-author with Megumi Okui).

 

49. “Borrowing Constraints and Consumption Behavior in Japan,” under review (co-author with Midori Wakabayashi)(August 2005).

 

50. “The Flow of Household Funds in Japan,” Public Policy Review (Policy Research Institute, Ministry of Finance, Government of Japan, ed.), vol. 4, no. 1 (December 2008), pp. 37-52.

 

51.       “Tough Love and Discounting: Empirical Evidence,” mimeo. (2009) (co-author with Akiko Kamesaka, Kohei Kubota, Masao Ogaki, and Fumio Ohtake).

 

52.       “An International Comparison of Altruism, Bequest Motives, and Parent-Child Relations,” mimeo. (2009).

 

53.       “Cross-Country Differences in Household Saving Rates and Social Benefit Ratios,” mimeo. (2009).

 

54.       “Japan and the Western Model: An Economist's View of Cultures of Household Finance,” mimeo. (2010).

 

Book Reviews

55. Book Review of The Political Economy of Japan, vol. 1: The Domestic Transformation, edited by Kozo Yamamura and Yasukichi Yasuba (Stanford, California: Stanford University Press, 1987), Journal of Asian Studies, vol. 47, no. 3 (August 1988), pp. 657-658.

 

56. Book Review of Restoring Japan’s Economic Growth, by Adam S. Posen (Washington, D.C.: Institute for International Economics, 1998), Journal of Economic Literature, vol. 37, no. 4 (December 1999), pp. 1719-1721.

 

Encyclopedia Entries

57. “Postal Savings,” in Sandra Buckley, ed., Encyclopedia of Contemporary Japanese Culture (London and New York: Routledge, 2002), p. 404.

 

58. “Saving,” in Sandra Buckley, ed., Encyclopedia of Contemporary Japanese Culture (London and New York: Routledge, 2002), p. 438.

 

59. “Albert K. Ando (1929-2002),” in Steven N. Durlauf and Lawrence E. Blume, eds., The New Palgrave Dictionary of Economics, Second Edition (Basingstoke, Hampshire, and New York, N.Y.: Macmillan Publishers Ltd., 2008), vol. 1, pp. 155-157.

 

Other Articles

60. “A Resounding 'No' to Protectionism,” Japan Times (May 5, 1986), p. 9.

 

61. “Savings:  Old and New Trends−Why Save So Much?” Look Japan, vol. 33, no. 374 (May 1987), pp. 9-11.

 

62. “Japan and the World: Standards of Living−Room to Improve,” Look Japan, vol. 34, no. 391 (October 1988), pp. 7-9.

 

63. “Do the Japanese Live Better than Americans?” in James Mak, Shyam Sunder, Shigeyuki Abe, and Kazuhiro Igawa, eds., Japan: Why It Works, Why It Doesn’t—-Economics in Everyday Life (Honolulu: University of Hawaii Press, 1997), pp. 3-10.

 

64. “Why Do the Japanese Save So Much?” in James Mak, Shyam Sunder, Shigeyuki Abe, and Kazuhiro Igawa, eds., Japan: Why It Works, Why It Doesn’t-—Economics in Everyday Life (Honolulu: University of Hawaii Press, 1997), pp. 115-120.

 

65. “(Economic Forum) To fix economy, end consumption tax,” The Daily Yomiuri, February 19, 2002, p. 9.

 

66. “(Commentary) Koizumi tax cuts too limited,” The Daily Yomiuri, July 3, 2002, p. 8.

 

67. “(Commentary) New job insurance reforms need modification,” The Daily Yomiuri, January 9, 2003, p. 17.

 

68. “(Commentary) Fiscal, pension reform without raising sales tax,” The Daily Yomiuri, December 16, 2004, p. 11 (co-author with Shizuka Sekita).

 

69. “(Commentary) Save Japan: Make it easier for working women to have kids,” The Daily Yomiuri, January 20, 2005, p. 11.

 

70. “(Commentary) How to end China’s current account surpluses,” The Daily Yomiuri, June 5, 2006, p. 10 (co-author with Wan Junmin).

 

Interviews (since 2005 only)

1.  “Guiding Japan/Foreign Perspective for Change: Pension Reform Should Emphasize Fairness to All,” International Herald-Tribune/Asahi Shimbun, April 11, 2005.

2.  “Money Travels,” Newsweek (International Edition), May 2, 2005.

3.  “Frugal Is So Over,” Newsweek (International Edition), June 6-13, 2005.

4.  “Small-Box Is Beautiful,” Newsweek (International Edition), July 25-August 1, 2005.

5.  “The Viagra Economy,” A Survey of the World Economy, The Economist, September 24, 2005.

6.  “(Asia in the Global Economy: Asia Society’s 17th Asian Corporate Conference) An Expanding Labor Force Enhances China’s Investment Appeal,” Wall Street Journal (Asian Edition), May 16, 2007, p.12.

7.  “(Asia in the Global Economy: Asia Society’s 17th Asian Corporate Conference) A Rapidly Aging Population Poses Problem’s for Japan’s Economy,” Wall Street Journal (Asian Edition), May 16, 2007, p.15.

8.  “(The Asian Economy: ADB Annual Meeting 2007) Adapting to Demographic Change Can Make Aging Advantageous,” Wall Street Journal (Asian Edition), p. 21.

9.  “Thrift Culture Still Rules on the Mainland,” South China Morning Post (Hong Kong), May 6, 2007.

10.       “From Japan’s Slump in 1990s, Lessons for U.S,” New York Times, February 10, 2008.

11.       "Lessons from Japan: An Interview," Ptomnost (Czech magazine), Summer 2009.

12.       “Lessons from Japan: An Interview,” TNP (The New Presence, The Prague Journal of Central European Affairs), Summer 2009.

13.       “China Won’t Allow the Dollar’s Decline,” Profile (Ukrainian magazine), September 5, 2009.

14.       "Die Mar von der Sparnation Japan: Sparquote seit den siebziger Jahren rucklaufig"(The Story of High-Saver Country Japan: The Decline in Japan’s Saving Rate since the 1970s),” Neue Zurcher Zeitung (Zurich, Switzerland, newspaper), September 18, 2009.

Translations

1. Hamada, Koichi, The Political Economy of International Monetary Interdependence (English translation of Kokusai Kin’yu no Seiji Keizai-gaku (Tokyo: Sobunsha, 1982)) (Cambridge, Massachusetts: The MIT Press, 1985) (co-translator with Chi-Hung Kwan), 187pp.

 

2.  Hall, Robert E., and Taylor, John B., Makuroekonomikusu (Japanese translation of Robert E. Hall and John B. Taylor, Macroeconomics: Theory, Performance, and Policy, 3rd edition (New York, N.Y.: W. W. Norton and Co., Inc., 1991)) (Tokyo: Taga Shuppan, 1994) (co-translators with Chikashi Moriguchi, Kanemi Ban, Akira Kohsaka, and Yasushi Ohkusa), 468pp.

 

Conference and Seminar Presentations (since 2007 only)

1.    “Aging and Saving,” Seminar on “Ageing Asia: A New Challenge for the Region,” Asian Development Bank Institute (ADBI), Tokyo, Japan, May 8, 2007.

 

2.    “The Determinants of Household Saving in China: A Dynamic Panel Analysis of Provincial Data Aging and Saving,” Lunchtime Seminar, Brookings Institution, Washington, D.C., U.S.A., May 22, 2007.

 

3.    “Measuring the Levy Institute Measure of Well-Being (LIMEW) in the Case of Japan,” Sloan International Workshop on Economic Well-Being, Levy Economic Institute, Bard College, Annandale-in-Hudson, New York, U.S.A., October 11, 2008.

 

4.    “Bequest Motives and Parent-Child Relations in the United States, Japan, and China,” Macroeconomics Seminar, Department of Economics, University of Michigan, Ann Arbor, Michigan, March 3, 2008.

 

5.    “The Impact of Aging on Japan’s Economic Prospects,” Zadankai on “Japan’s Economic Prospects: How Good Are They?” Center  on Japanese Economy and Business, Columbia Business School, Columbia University, New York, N.Y., U.S.A., March 20, 2008. 

 

6.    “Bequest Motives and Parent-Child Relations in the United States, Japan, and China,” Department of Economics, Hunter College, New York, N. Y., U.S.A., March 24, 2008.

 

7.    “Aging and Saving in Asia,” Lunchtime Seminar, Center for Japan-U.S. Business and Economic Studies, Leonard N. Stern School of Business, New York University, New York, N.Y., U.S.A., March 25, 2008.

 

8.    “Bequest Motives and Parent-Child Relations in the United States, Japan, and China,” Research Project on Comprehensive Empirical Research on Discovering the Causes of Class Stratification and Implementing Public Policy in a Low-Fertility Aged Society (Shoushi Koureika Shakai no Kaisou Kakusa no Kaimei to Koukyou-sei no Kouchiku ni kansuru Sougou-teki Jisshou Kenkuyuu ni kansuru Kenkyuukai), Graduate School of Humanities and Sociology, University of Tokyo, Tokyo, Japan, July 17, 2008.

 

9.    “The Saving Behavior of Households in Japan,” Research Project on Household Saving, National Institute for Research Advancement (NIRA, Zaidan Houjin Sougou Kaihatsu Kenkyuu Kikou), Tokyo, Japan, July 30, 2008.

 

10.  “Japan’s Saving Rate: The Impact of the Aging of the Population,” Research Project on Structural Economic and Regional Change in Japan (Wagakuni no Keizai Chiiki no Kouzou Henka ni kansuru Kenkyuukai), Policy Research Institute, Ministry of Finance, Tokyo, Japan, November 14, 2008.

 

11.  “Why Have the Japanese Saved So Much and Will They Always Do So?” Seminar, School of Asian Studies, University of Auckland, Auckland, New Zealand, March 26, 2009.

 

12.  “Bequest Motives and Parent-Child Relations in the United States, Japan, and China,” Seminar, Department of Economics, University of Auckland, Auckland, New Zealand, March 27, 2009.

 

13.  “Bequest Motives and Parent-Child Relations in the United States, Japan, China, and India,” Seminar, Federal Reserve Bank of San Francisco, San Francisco, California, U.S.A., May 21, 2009.

 

14.  “The (Dis)saving Behavior of the Aged in Japan,” 2009 Far East and South Asia Meeting of the Econometric Society (FESAMES)(Horiba International Conference), Faculty of Economics, University of Tokyo, Tokyo, Japan, August 3-5, 2009.

 

15.  “An International Comparison of Altruism, Bequest Motives, and Parent-Child Relations,” National Graduate Research Institute for Policy Studies (GRIPS), Tokyo, Japan, August 30, 2009.

 

16.  “An International Comparison of Altruism, Bequest Motives, and Parent-Child Relations,” School of Economics, University of Queensland, Queensland, Australia, November 17, 2009.

 

17.  “The (Dis)saving Behavior of the Aged in Japan,” Eleventh Macro Conference, held at the Banpaku Office, Institute of Social and Economic Research, Osaka University, Suita City, Osaka Prefecture, Japan, and co-sponsored by the Tokyo Center for Economic Research (TCER); the Global COE Program on Human Behavior and Socioeconomic Dynamics, Graduate School of Economics and Institute of Social and Economic Research, Osaka University; the Open Research Center, Global Security Research Institute (G-SEC), Keio University; and the Creative Scientific Research Project on Inflation Dynamics, Institute of Economic Research, Hitotsubashi University, December 22-23, 2009

 

18.  “An International Comparison of Altruism, Bequest Motives, and Parent-Child Relations,” Faculty of Business and Economics, Hong Kong University, Hong Kong, February 22, 2010.

 

Public Lectures

1.  “U.S.-Japan Comparison of Inter Vivos Transfers and Bequests,” 38th Public Lecture on “Bequests and Life Planning,” Institute for Research on Household Economics, Tokyo, Japan, October 14, 2009.

 

Books (Japanese-language)

1. 『フィナンシャル・レビュー』（大蔵省財政金融研究所編）、第25号（1992年12月）

「貯蓄」特集責任編集。

2.『高齢化社会の貯蓄と遺産・相続』（日本評論社、1996年）（高山憲之、太田清と共編著）。

3.『日米家計の貯蓄行動』（日本評論社、1998年）（浜田浩児と共編著）。

4.『世帯内分配・世代間移転の経済分析』（ミネルヴァ書房、2008年）(財団法人家計経済研究所と共編)。

 

Scholarly Articles (Japanese-language)

 1. ｢日本における家計貯蓄行動の決定要因とマル優廃止の影響について− 都道府県庁所在都市別データによる分析を踏えて−｣、『フィナンシャル・レビュー』（大蔵省財政金融研究所編）、第4号 (1987年3月)、pp. 27-39。

 2. ｢日本人の結婚費用とそのための貯蓄について｣、『経済論叢』(京都大学経済学会編)、 第140巻、第1･2号 (1987年7･8月)、pp. 17-31。

 3. ｢日本における住宅購入と家計貯蓄との間の関係について」、『住宅問題研究』(財団法人住宅金融普及協会、住宅問題調査会編）、第3巻、第4号 (1987年12月)、pp. 1-19。

 4. ｢目的別にみた貯蓄の重要度について−その1　教育費−｣、『フィナンシャル・レビュー』（大蔵省財政金融研究所編）、第16号（1990年3月）、pp. 89-110（望月徹、中川和明、豊沢敏と共著）。

 5. ｢消費・貯蓄: 日本人の生活は本当に豊かか？｣、　『日本経済研究』　(JCER Economic Journal)（社団法人日本経済研究センター／Japan Center for Economic Research編）、 第20号（1990年5月）、pp. 45-56。

 6. ｢目的別にみた貯蓄の重要度について−その2　結婚資金−｣、『フィナンシャル・レビュー』（大蔵省財政金融研究所編）、第17号 (1990年8月)、pp. 204-239（望月徹、中川和明、豊沢敏と共著）。

 7. ｢目的別にみた貯蓄の重要度について−その3　養老貯蓄−｣、『フィナンシャル・レビュー』（大蔵省財政金融研究所編）、第18号 (1990年12月)、pp. 162-221（望月徹、井原一麿、中川和明、中田眞豪、井上一夫、越智田邦央と共著）。

 8. ｢目的別にみた貯蓄の重要度について−その4　住宅購入−｣、『フィナンシャル・レビュー』（大蔵省財政金融研究所編）、第20号 (1991年3月)、pp. 84-104（望月徹、井原一麿、中川和明、中田眞豪、井上一夫、越智田邦央と共著）。

 9. ｢日本の貯蓄率の水準と決定要因について｣、『フィナンシャル・レビュー』（大蔵省財政金融研究所編）、第25号（1992年12月）、pp. 147-164 （井原一麿、越智田邦史、南部一雄と共著）。

10. ｢日本の若い女性の収入・貯蓄・借り入れについて｣、『季刊家計経済研究』（財団法人家計経済研究所編）、通巻第23号（1994年夏季号）、pp. 47-54（財団法人家計経済研究所編、『消費生活に関するパネル調査』（第1年度、平成6年）（大蔵省印刷局、1995年）、pp. 71-82にも所収）。

11. ｢日本の貯蓄率の決定要因と今後の動向について｣、伊藤元重／通産省通商産業研究所編、 『貿易黒字の誤解：日本経済のどこが問題か？』（東洋経済新報社、1994年）、pp. 251-271。

12. ｢貯蓄動機｣、石川経夫編、『日本の所得と富の分配』（東京大学出版会、1994年）、pp. 211-244（大竹文雄と共著）。

13. ｢日本人はなぜ貯蓄をするのか？−マイクロ・データによる分析を踏まえて−｣、『郵政研究レビュー』（郵政省郵政研究所編）、第6号（1995年3月）、pp. 1-31（横田直人、宮地俊行、春日教測と共著）（高山憲之、チャールズ・ユウジ・ホリオカ、太田清編著、『高齢化社会の貯蓄と遺産・相続』（日本評論社、1996年）、pp. 9-53に「日本人の貯蓄目的」という題で所収）。

14. ｢日本における家族内の世代間移転について」、財団法人家計経済研究所編、『消費生活に関するパネル調査』（第2年度、平成7年）（大蔵省印刷局､1995年）、pp. 74-87。

15. 「貯蓄と遺産・相続の経済学」、高山憲之、チャールズ・ユウジ・ホリオカ、太田清編著、『高齢化社会の貯蓄と遺産・相続』（日本評論社、1996年）、pp. 2-8。

16. 「消費・貯蓄」、貝塚啓明・香西泰・野中郁次郎監修、『日本経済事典』（日本経済新聞社､1996年）、pp. 965-980（小川一夫と共著）。

17. 「日本の高齢者は貯蓄を取り崩しているか？−マイクロ・データによる分析を踏まえて−」、『郵政研究レビュー』（郵政省郵政研究所編）、第7号（1996年7月）、pp. 61-95（春日教測、山崎勝代、渡部和孝と共著）（高山憲之、チャールズ・ユウジ・ホリオカ、太田清編著、『高齢化社会の貯蓄と遺産・相続』（日本評論社､1996年）、pp. 55-111に「高齢者の貯蓄行動」という題で所収）。

18. 「消費・貯蓄研究の最近の動向」、『季刊家計経済研究』（財団法人家計経済研究所編）、第32号（1996年秋）、pp. 78-85。

19. 「日本人の目的別貯蓄額：1994年の『家計における金融資産選択に関する調査』からのマイクロ・データを用いた推計」、チャールズ・ユウジ・ホリオカ、浜田浩児編著、『日米家計の貯蓄行動』（日本評論社、1998年）、pp. 29-69（渡部和孝と共著）。

20. 「貯蓄動機・遺産動機の日米比較」、チャールズ・ユウジ・ホリオカ、浜田浩児編著、『日米家計の貯蓄行動』（日本評論社、1998年）、pp. 71-111（藤崎秀樹、渡部和孝、石橋尚平と共著）。

21. 「借り入れ制約と消費行動」、樋口美雄、岩田正美共編著、『パネルデータからみた現代女性：結婚・出産・就業・消費・貯蓄』（東洋経済新報社、1999年）、pp. 225-257（小原美紀と共著）。

22. 「借入れ制約の経済学的分析」、財団法人　家計経済研究所編、『現代女性の暮らしと働き方：消費生活に関するパネル調査』（第5年度）（平成10年度）(大蔵省印刷局、1999年)、pp. 80-99（小原美紀と共著）。

23. 「パネルレポート：世界のパネル調査―ミシガン・パネル調査会議から―」、『季刊家計経済研究』、通巻第50号（2001年春）、 pp. 63-68（永井暁子、溝口由己、樋口美雄と共著）。

24. ｢日本人の遺産動機の重要度・性質・影響について｣、『郵政研究所月報』（総務省郵政研究所編）、第163号（2002年４月）、pp. 4-31（山下耕治、西川雅史、岩本志保と共著）。

25. ｢日本人は利己的か、利他的か、王朝的か｣（日本経済学会・中原賞講演）、大塚啓二郎、中山幹夫、福田慎一、本多佑三編、『現代経済学の潮流2002』(東洋経済新報社、2002年)、pp. 23-45。

26. ｢日本人はリスクにどう対処するのか？｣、財団法人　家計経済研究所編著、『停滞する経済、変動する生活：消費生活に関するパネル調査（平成１４年版）（第９年度）』（財務省印刷局、2002年）、pp. 45-60（小原美紀と村上あかねと共著）。

27. 「デフレ時代におけるリスク対処法」、樋口美雄・太田清、家計経済研究所編、『女性たちの平成不況』（東京：日本経済新聞社、2004年4月）、pp. 235-260 （小原美紀・村上あかねと共著）。

28.「景気対策・年金改革と消費税」、『ＥＣＯ−ＦＯＲＵＭ』（統計研究会編）第23巻、第1号（2004年11月）、pp. 26-36（関田静香と共著）。

29. 「団塊世代の退職と日本の家計貯蓄率」、樋口美雄・財務省財務総合政策研究所編著、『団塊世代の定年と日本経済』（東京：日本評論社、2004年12月）、pp. 235-252。

30. 「借り入れ制約と消費行動」、金融広報中央委員会編、『「家計の金融資産に関する世論調査」の個票データを用いた研究会報告書Ｉ』（東京：金融広報中央委員会、2004年12月）、pp. 3-33（若林緑と共著）。

31. 「日本の「失われた10年」の原因：家計消費の役割」、林文夫編、『経済停滞の原因と制度（経済制度の実証分析と設計、第１巻）』（勁草書房、2007年1月）、pp. 19-36。

32. 「家計の資金の流れ」、『フィナンシャル・レビュー』（財務省財務総合政策研究所編）、平成20年第１号（通巻第88号）（2008年3月）、pp. 6-18。

33.「パネル・レポート：アメリカのパネル調査 (1) --Panel Study of Income Dynamics」、『季刊家計経済研究』、第79号（2008年夏）、pp. 55-61（村上あかねと共著）。

34. 「日本における遺産動機と親子関係：日本人は利己的か、利他的か、王朝的か？」、チャールズ・ユウジ・ホリオカ、財団法人家計経済研究所編、『世帯内分配・世代間移転の経済分析』（ミネルヴァ書房、2008年8月）、pp. 118-135。

35. 「遺産と格差」、『季刊社会保障研究』、第44巻、第3号（2008年冬）、pp. 307-315。

36. 「パネル・レポート：アメリカのパネル調査（2）--National Longitudinal Surveys (NLS)」、『季刊家計経済研究』、第81号（2009年冬）、pp. 52-64（坂口尚文と共著）。

37. 「高齢化などの構造要因から見た日本の国際収支問題」、伊藤元重編、『国際環境の変化と日本経済』』（シリーズ「バブル／デフレ期の日本経済と経済政策」の第3巻、内閣府経済社会総合研究所企画・監修）（慶応義塾大学出版会、2009年11月）、pp. 277-307。

38. 「日本の貯蓄率：高齢化の影響」、樋口美雄＋財務省財務総合政策研究所編、『日本経済の構造変化と景気回復』（日本評論社、2009年12月）、pp. 83-93。

39.「貯蓄・資産」、大内尉義・秋山弘子編、『新老年学』（第３版）（東京大学出版会、2010年1月）、pp. 1731-1740（菅万理と共著）。

40.「未婚女性の居住地決定と結婚に関する分析」未刊(2009年)(暮石渉・若林緑と共著)。

 

Other Articles (Japanese-language)

41. 「（経済教室）税制で個人消費刺激：買い急ぎへと誘導、景気回復後の増税を公約」、『日本経済新聞』、2002年1月18日、p. 29。

42. 「（私の視点）デフレ克服：所得減税と消費税率上げを」、『朝日新聞』、2002年11月23日、p. 31（中谷巌、猪木武徳、篠原三代平、安場保吉と共著）。

43. 「（経済教室）社会保障改革への提言（下）（雇用保険）事業主支援にも工夫を、再就職促進明確に、正しいインセンティブを」、『日本経済新聞』、2002年12月26日、p. 25。

44. 「（経済教室）若者向けバウチャー導入を：失業中に教育訓練、職業能力高め雇用を促進」、『日本経済新聞』、2004年6月11日、p. 33（吉田恵子と共著）。

45. 「（やさしい経済学）貯蓄率と高齢化」、『日本経済新聞』、2004年9月9日〜21日（全8回）。

46.「（経済教室）「中国 摩擦の背景に高貯蓄：人口構成が影響、社会資本の整備など急務」、『日本経済新聞』、2006年７月８日、p. 29（万軍民と共著）。

47. 「（20周年記念）家計経済研究所に望むこと：次の20年に向けて」、『季刊家計経済研究』、第71号（2006年夏）、p. 93。

48. 「（経済学的思考のススメ）相続争いはなぜ起きる：日本人は「利己的」、遺産は親の面倒を見る見返り」、『週刊エコノミスト』、2006年9月26日、pp. 86-87。

49. 「（よく効く経済学）日本人が貯蓄しなくなったワケ：働く世代の人口減少が響く」、『週刊エコノミスト』、2006年11月7日、pp. 136-137。

50. 「対談：遺産・相続からみる家族のあり方と格差」、『季刊家計経済研究』、第74号（2007年春）、pp. 2-12（白波瀬佐和子と共著）。

51. 「マクロ経済学は『失われた10年』から何を学んだか：パネル・ディスカッション」、市村英彦・伊藤秀史・小川一夫・二神孝一編、『現代経済学の潮流2007』（東洋経済新報社、2007年）、pp. 217-261（伊藤隆敏・岩本康志・大竹文雄・塩路悦朗・林文夫と共著）。

52. 「日本人が貯蓄をしなくなったワケ」、大竹文雄編、『こんなに使える経済学』（ちくま新書）（筑摩書房、2008年）、pp. 111-116。

53. 「相続争いはなぜ起こる」、大竹文雄編、『こんなに使える経済学』（ちくま新書）（筑摩書房、2008年）、pp. 192-197。

54. 「（経済教室）介護保険　現金給付導入を：家族の世話促す、ヘルパー不足の緩和も」、『日本経済新聞』、2008年3月13日、p. 27。

55. 「ホームバイアスからの解放が景気を回復させる手段」、「社長ブログNo. 1丹羽広社長のKnowledge Cellar」、『月刊ビジネスアスキー』と『MONEY JAPAN』、2009年3月号。

56.「（経済教室）「日本経済の「貯蓄超過」今後縮小へ：中期的に財政再建不可欠」、『日本経済新聞』、2009年9月30日。

57.「日本のＩＳバランスの過去・現在・将来：部門別のデータによる分析」、『経済セミナー』、2010年4月・5月号。

 

Interviews (Japanese-language)

 

1.  「『子ども手当』で親子関係はぶっ壊れる」、『週刊現代』（2010年3月13日号）、pp. 49-51。
内容：子ども手当に関する意見が紹介されました。

 

Last updated March 20, 2010