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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Dimensions of Inequality in Japan: Distributions of Earnings, Income and Wealth

Dimensions of Inequality in Japan: Distributions of Earnings, Income and Wealth

Kitao, Sagiri
Yamada, Tomoaki

Hardcover

Series: Economics, Law, and Institutions in Asia Pacific

EconomicsInvesting & Finance

PREORDER - Expected ship date January 27, 2027

ISBN10: 9819202248
ISBN13: 9789819202249
Publisher: Springer
Published: Jan 27 2027
Pages: 193
Language: English
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.

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