- January 26,2022 9:00-11:00
- 1.Masaru Inaba(Professor,Kansai University)
- 1."What drives fluctuations of labor wedge and business cycles? Evidence from Japan" (joint with Kengo Nutahara[Senshu University] and Daichi Shirai[Tohoku Gakuin University])
2."Cyclicality and Asymmetry of the User Cost of Labor: Evidence and Theory" (joint with Toshitaka Maruyama [UCLA])
- 1.The literature has empirically verified that the labor wedge worsens during recession. Taking this statement into consideration, this study poses two questions: First, what is the main driving force of the labor wedge, and second, is the main driver of the labor wedge the same as that of business cycles? In this study, we employ a commonly used medium-scale dynamic stochastic general equilibrium model with nominal and real frictions to analyze which structural shocks drive the fluctuation of the labor wedge and of business cycles. The model is estimated using Japanese data. Our estimation strategy is a particularly novel approach. In standard Bayesian estimation, the prior distribution of the parameters for the standard deviations of the structural shocks is the inverse gamma distribution, which does not support zero value and assumes the existence of structural shocks. By contrast, we employ a more flexible prior distribution of the parameters for the standard deviations of structural shocks and measurement errors to allow for the non-existence of structural shocks. Under the standard prior distribution, the estimation results imply that the
labor wedge is mainly driven by preference and transitory technology shocks, whereas the investment adjustment cost shock is the most important for the business cycle fluctuations. However, under our relaxed prior distribution, which allows for the non-existence of structural shocks, the estimation results imply that both the labor wedge and business cycles are mainly driven by permanent technology and investment adjustment cost shocks.
2.The user cost of labor (UCL) plays an allocative role in a wide class of macroeconomic models. Despite this appealing feature, estimating the UCL involves empirical challenges as it requires a sequence of wages from hiring until separation. The cyclical changes in the average quality of new matches weigh on measuring the cyclicality of the UCL. In this paper, we overcome these challenges by exploiting unique Japanese data, which tracks wages at each tenure after school graduation. Our empirical findings are twofold. First, the UCL remains highly procyclical after controlling for the cyclical changes in the average job-match quality, whereas the new-hire wage is no longer more cyclical than the incumbent-worker wage. Second, downward adjustments of the UCL are smaller than upward ones. The downward rigidity arises from the combination of that of the new-hire and incumbent-worker wages. We then develop a wage posting model to account for these observations. We demonstrate that under asymmetric information, firms use wages as a screening tool to receive the application from targeted workers and maintain a high value of a posted contract in recessions, leading to the downward rigidity and overall high cyclicality of the UCL.
- ※Researchers only
- December 8,2021 17:00-19:00
- Kayoko Kobayashi (Associate professor,Nanzan University)
- A perspective of adaptive rationality: The Ultimatum Game as an Illustrative Example
- October 27,2021 17:00 - 18:00
- KIM, Youngrok（RISS Postdoctoral Fellow,Kansai University ）
- Card or cash? Evidence regarding consumers' VAT compliance
- Cashless payments discourage value-added tax (VAT) evasion through transaction records; these cashless payments essentially require cooperation from consumers and small business owners. As indirect VAT payers, consumers’ payment methods decisively influence the final VAT declaration. However, literature has yet to investigate consumers’ VAT compliance. This study uses data from approximately 7,300 taxpayers as collected by the National Survey of Tax and Benefit of South Korea to examine the impacts of perceived trust, service, and enforcement paradigms on consumers’ responses to payment methods when small business owners offer low-, moderate, and high-discount benefits. The results reveal that regardless of the discount amount, perceived trust, government service, and enforcement significantly strengthen consumers’ VAT compliance. We also discover that as the discount amounts increase, trust has a greater impact on VAT compliance. The study contributes to tax literature by demonstrating that enforcement, trust, and services can improve consumers’ VAT compliance.
- September 8, 2021 14:00-15:00
- Hiroyuki Aman（Professor,Faculty of Business and Commerce,Kwansei Gakuin University）
- Personal Preference for Sustainable Investment: the Impacts of Moral and Literacy
- We attempt to measure personal preference for sustainable investment (SI) to examine the determinants by using a questionnaire survey in Japan. Our result shows that approximately thirty percent of respondents have a favorable preference for SI on pro-environmental firms even if the return is relatively poor. This is indicative of non-peculiar motivation of households for SI. Further, we examine the effects of personal moral and literacy on the motivation. First, we find that persons who have a high financial moral (strong aversion to money) have a positive attitude to SI. Second, high environmental moral tends to reduce the preference for SI, inconsistent with our prediction. Third, we find no evidence on the impact of environmental literacy. Finally, persons with high financial literacy tend to attach importance to the profitability of SI.
- June 30,2021 16:30-17:30
- Taizo Motonishi（Professor, Faculty of Economics,Kansai University）
- "Is nationwide screening for obesity and cardiometabolic risks in Japan effective?"
- This paper clarifies the effects of nationwide screening for obesity and cardiometabolic risks in Japan.
A regression discontinuity design is used to analyze the NDB data to explore the impact of being judged eligible for the specific health guidance on people's health status and behavior.
International Workshop for Lab and Field Experiments
- March 17-18, 2021
Umeda Campus, Kansai University, Osaka, JapanThis workshop will be held online.
- Japanese Economic Association,Research Center for Behavioral Economics,
Institute of Social and Economic Research, Osaka University, and
Institute of Socionetwork Strategy Research, Kansai University
- Experiments, both laboratory and field, were once considered to be impossible in economics. They are now, however, considered to be a main research method in economics. These changes are reflected in the list of recent winners of Nobel Prize in economics: on one hand, Vernon Smith (winner in 2002) and Al Roth (winner in 2012) have deep connections with the development of experimental studies in the lab., on the other hand, Elenor Ostrom (winner in 2009), Abhijit Banerjee, Esther Duflo, and Michael Kremer (winners in 2019) with field experiments.
While laboratory experiments mainly aim to test theoretical implications or functioning of various economic mechanisms in highly controlled settings, field experiments aim to do so in more natural settings. Furthermore, field experiments, especially, through randomized controlled trials, aim to evaluate the effectiveness of various economic policies.
Despite this global development in the field of economics, researchers employing experimental methods in their research are still merely a small minority among Japanese economists. To boost the field of experimental economics in Japan by providing an international forum for researchers to exchange their ideas and problems, we invite you to submit your research covering a broad range of topics related to economic experiments to be presented at this two-day international workshop. We welcome any topics of laboratory and field experiments, and encourage especially young researchers to submit their work.
Selected papers presented at this workshop will be published in a special issue of Japanese Economic Review which is scheduled to be published in January 2022.
- KEYNOTE SPEAKERS
- John Duffy (Professor, Department of Economics, University of California, Irvine, United States)
Lata Gangadharan (Professor of Economics and Joe Isaac Chair of Business and Economics, Monash University, Australia)
- February 18, 2021 16:30-18:00
- Yosuke Hashidate (Postdoctoral Research Fellow, Waseda University)
- “Stochastic Choice and Social Preferences: Inequity Aversion versus Shame Aversion”
- In this paper, we propose a theory to identify the motivations behind altruistic or prosocial behavior. We focus on inequity aversion and shame aversion as social image concerns. To study these, we characterize two additively perturbed utility models, that is, the sum of expected utility and a non-linear cost function. First, we examine how to distinguish between stochastic inequity-averse behavior and stochastic shame-averse behavior. Next, we show that additively perturbed inequity-averse utility captures the general class of inequity-averse preferences, including ex-ante and ex-post fairness. Finally, we consider the relationship between our models and random utility, one of the most common stochastic choice models.
- February 18, 2021 9:00-17:00
- Zhen Li (Toyo University) / Keiji Takai (Kansai University) / Takanobu Nakahara (Senshu University)
9:10 - 10:00
Keynote Speech (関西大学・矢田先生)
10:00 - 10:50
Keynote Speech (慶應義塾大学・里村先生)
10:50 - 11:10
11:10 - 12:00
12:00 - 13:00
13:00 - 13:45
Why am I More Indulging: The Effects of Time on (Un)Healthy Food Purchases (東洋大学・李)
13:45 - 14:30
14:30 - 15:00
15:00 - 15:15
15:15 - 15:45
15:45 - 16:15
16:15 - 16:45
- Entry fee
- February 10, 2021 9:00-
- 日本原価計算研究学会 関東・関西部会
- ◆開会の挨拶 9：30～
Tobii社アイトラッキング機器の説明 （Tobii 星飛雄馬氏）
◆Ⅱ 自由論題（報告25分 質疑応答15分）
- December 29,2020 10:00-12:00
- ● 10:00-11:30
鷲尾 隆 教授 (大阪大学 産業科学研究所)
- Click here for details.