Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/92883
Authors: 
Horioka, Charles Yuji
Kanda, Reiko
Year of Publication: 
2010
Series/Report no.: 
ISER Discussion Paper, Institute of Social and Economic Research, Osaka University 799
Abstract: 
The almost continuous stagnation of the Japanese economy for the past two decades has had an adverse impact on Japanese households from at least three perspectives: A decline in the standard of living, an increase in risks and uncertainties relating to livelihood, employment, old age, etc., and an increase in income inequality. The majority of economists and policymakers focus their attention on the increase in income inequality. The research discussed here, however, focuses on the increase in risk and uncertainty among households and individuals. Based on this research, we propose a shift to a policy regime centering on the socialization of risk, which will make possible a transition from a society in which individuals bear excessive risks to one in which risk is shared equitably by society as a whole.
Subjects: 
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
Child care
Nursing care
Employment
Work-life balance
Bankruptcy
Financial products
Poverty
Collectivist entities
Policy recommendations
JEL: 
G20
H11
H50
I38
J08
J70
P10
P51
Document Type: 
Working Paper

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