Overview
We investigate the impact of the current serious population decline on the Japanese economy. Since population decline is accompanied with aging, the effects on economic growth and economic fluctuations will be complicated. Our analysis includes both theoretical and empirical aspects, and also both from macro and micro perspectives. The theoretical framework is based on the literature of economic growth theory, network theory and microeconomics of household and firm behavior, which we employ as background for our focus on supply and demand in the labor market, dynamics of asset prices in the financial markets, changes in the housing market and household consumption behavior, etc. Through such multifaceted analysis, we will evaluate the impacts of the current population decline comprehensively.
August 5, 2019 - July 31, 2021
Major Research Results
2021
RIETI Discussion Papers
- 21-E-070
"Human Capital Accumulation According to HANK" (INOSE Junya) - 21-E-062
"Decomposition Approach Applied on the Effects of Taxes and Social Insurance Premiums on Income Distribution: Contributions to the Size of the Middle Class in Japan" (OHNO Taro, KITAMURA Yukinobu and MIYAZAKI Takeshi) - 21-E-059
"Place-Based Policies and the Geography of Corporate Investment" (Cameron LAPOINT and SAKABE Shogo) - 21-E-056
"Optimal Wealth Taxation in the Schumpeterian Growth Model with Unemployment" (HIRAGUCHI Ryoji) - 21-J-033
"Land Trades During the Bubble Period and the Results of Capital Gains/Losses" (UNAYAMA Takashi and YOSHIKAWA Hiroshi)
