A Welfare Cost of the Lost Decade in Japan
This paper measures the welfare cost of the Japanese economy in a elost decadef from 1990 to 2002, by using panels of different consumer groups. This paper finds that the costs for consumers in the lower and middle income quintiles and in urban districts are much higher, while it is a benefit for consumer in rural districts. This paper suggests that such cost disparities express the defects related to districts and income quintile group with high costs. Also, there exist consumers feeling this stagnation to be costless and the seriousness of stagnation are not recognized unanimously.
|Date of creation:||Jun 2007|
|Date of revision:|
|Contact details of provider:|| Web page: http://www.econ.osaka-u.ac.jp/|
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:osk:wpaper:0727. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Atsuko SUZUKI)
If references are entirely missing, you can add them using this form.