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Reports and Papers (2021)

PRI Discussion Papers PRI Research Papers/PRI Staff Reports

PRI Discussion Papers

PRI “Discussion Paper” showcase fiscal and economic issues being developed by PRI Staff and/or Economists/Researchers. The purpose of this paper is to provide academic novelty on the issue.

The views expressed herein are those of the author and do not necessarily reflect the opinions of the Ministry of Finance or the Policy Research Institute. The author is entirely responsible for any errors in this paper.

Title/Keywords

Authors

Creation Date
/No.

Discriminatory versus uniform auctions:Evidence from JGB market(PDF:820KB)

Keywords: Discriminatory auction, Uniform auction, Markup, When-issued markets, Japanese government bond, government costs
JEL Classification: C57, D82, G18, G28
Corresponding author. Project Assistant Professor, University of Tokyo and Visiting Scholar, Policy Research Institute, Ministry of Finance, Japan

Takahiro Hattori

Visiting Scholar, Policy Research Institute, Ministry of Finance, Japan

Shogo Takahashi

November 2021
/21A-08
Does Automation Technology increase Wage?(PDF:942KB)

Keywords: automation, the wage, labor share decline, technology choice
JEL Classification: E24, J23, O3
Assistant Professor, College of Economics, Aoyama Gakuin University

Ryosuke Shimizu

Policy Research Institute, Ministry of Finance, Japan

Shohei Momoda

October 2021
/21A-07
Demographic Effects on Prices: Is Aging Deflationary?(PDF:453KB)

Keywords: inflation, deflation, Philipps curve, monetary policy, demography, aging population, population decline, old-age dependency ratio, Japanese economy
JEL Classification: C33, E31, E52, J11
Visiting Scholar, Policy Research Institute, Ministry of Finance Japan

Tomoki Isa

July 2021
/21A-06
The Decline in the Labor Share: Evidence from Japanese Manufacturers’ Panel Data(PDF:158KB)

Keywords: Labor share
JEL Classification: F16, D33
Senior Visiting Scholar, Policy Research Institute, Ministry of Finance/ Senior Lecturer, Aichi-Gakuin University

MIYOSHI Koyo

May 2021
/21A-04
Population Mobility Structural Analysis and Population Estimation Using a Quantitative Spatial Model(PDF:1215KB)

Keywords: endogenous population model, spatial economics, quantitative spatial economics, population mobility.
JEL Classification: C21, J61, R10, R12, R23, P25
Economist, Policy Research Institute, Ministry of Finance

TAKAHASHI Wataru

May 2021
/21A-03
Effects of Deductions on the Tax Burden Reduction and the Redistribution of the Income and Resident Taxes(PDF:1164KB)

Keywords: Income tax, resident tax, deduction, National Survey of Family Income and Expenditure
JEL Classification: C15, H24
Research Center for Social Systems, Shinshu University; Senior Researcher, Policy Research Institute of the Ministry of Finance

OHNO Taro

Researcher, Policy Research Institute, Ministry of Finance

SAKAMAKI Junpei

Graduate School of Agricultural and Life Sciences, The University of Tokyo; Senior Researcher, Policy Research Institute of the Ministry of Finance

KOJIMA Daizo

May 2021
/21A-02

PRI Research Papers/PRI Staff Reports

PRI “Research Paper” showcase fiscal and economic issues being developed by PRI Staff and/or Economists/Researchers. The purpose of this paper is to give useful findings for the experts/practitioners in the areas such as Administration, Business and Academia.

PRI “Staff Report” showcase fiscal and economic issues being developed by PRI Staff and/or Economists/Researchers. The purpose of this paper is to give survey results and simple explanations on those.

The views expressed herein are those of the author and do not necessarily reflect the opinions of the Ministry of Finance or the Policy Research Institute. The author is entirely responsible for any errors in this paper.

Title/Keywords

Authors

Creation Date
/No.

Why Wages Have Not Been Raised Even Facing a Labor Shortage?–Analysis Based on Business Outlook Survey and Financial Statements Statistics of Corporations by Industry–(PDF:267KB) Econometric Analysis Officer, Policy Research Institute

MASUI Tsubasa

Chief Economist, Policy Research Institute

OKU Ai

January 2021
/21-SR-02

 

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Ministry of Finance, Policy Research Institute.