This book owes much to other people. There are, first and foremost, my coauthors in the
fields of poverty and income distribution, with whom it has been a great pleasure to work …

Inequality has been largely ignored in the literature and practice of monetary policy, but is
gaining more attention recently. Here, we exclusively focus on the impact of unconventional …

The impacts of monetary easing on inequality have been attracting increasing attention
recently. In this paper, we use the micro-level data on Japanese households to study the …

This paper quantifies the fiscal cost of demographic transition that Japan is projected to
experience over the next several decades, in a life-cycle model with endogenous saving …

The urban–rural income gap is a principal indicator for evaluating the sustainable
development of a region, and even the comprehensive strength of a country. The study of …

In this paper we document the main features of the distributions of wages, earnings,
consumption and wealth in Japan since the early 1980s using four main data sources: the …

This paper analyzes the impact of conventional and unconventional monetary policy on
income inequality in Japan, using hitherto unexplored data from the Japan Household Panel …

Japan is aging and has the highest government debt‐to‐output ratio among advanced
economies. In this article, we build a micro data‐based, large‐scale overlapping …

Reform is inevitable in an aging economy with a generous pay-as-you-go social security
system. Often, however, the timing and structure of reform are unknown. We explicitly model …

This paper is the first comprehensive empirical study of earnings, income, and consumption
inequality in urban China from 1986 to 2009, conducted using micro-level data from the …