Dimensions of Inequality in Japan
Distributions of Earnings, Income and Wealth
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Beschreibung
This book states that inequality has become one of central policy issues across the world. We study trends of inequality in earnings, income, and wealth across households in Japan, using the National Survey of Family Income and Expenditure (NSFIE) from 1984 to 2014. Inequality in earnings, income, and wealth all increased during the last three decades. Changes in earnings and income inequality were mostly driven by demographic aging and a shift of the population to the elderly, who tend to have higher inequality. The wealth inequality rose not only in the aggregate but also among the young, and this is due to a major increase in the fraction of households who own zero or very low wealth across all age groups, rather than an increase in the concentration of wealth in the top as in some other countries such as the USA. Critical factors in understanding inequality trends in Japan that we identified are aging demographics, changes in the household structure, and macroeconomic trends of the past decades including the financial bubble period and a decades-long slow-down thereafter.
This book states that inequality has become one of central policy issues across the world. The authors study trends of inequality in earnings, income, and wealth across households in Japan, using the National Survey of Family Income and Expenditure (NSFIE) from 1984 to 2014. Inequality in earnings, income, and wealth all increased during the last three decades. Changes in earnings and income inequality were mostly driven by demographic aging and a shift of the population to the elderly, who tend to have higher inequality. The wealth inequality rose not only in the aggregate but also among the young, and this is due to a major increase in the fraction of households who own zero or very low wealth across all age groups, rather than an increase in the concentration of wealth in the top as in some other countries such as the USA. Critical factors in understanding inequality trends in Japan that we identified are aging demographics, changes in the household structure, and macroeconomic trends of the past decades including the financial bubble period and a decades-long slow-down thereafter.
Provides empirical facts of several dimensions of economic inequality in Japan between 1984 and 2014 Decomposes economic inequality into earnings, income, consumption, and wealth inequalities Measures the effectiveness of social security system under population aging
Autor*in
Sagiri Kitao
Themen in »Dimensions of Inequality in Japan«
Distributions of Wealth Income Inequality Earnings Inequality Consumption Inequality Demographic Aging Social Security System