Confronting Income Inequality in Japan


Book Description

Discusses the evolution over the past hundred years and the causes of the increasing income inequalities. Analyses the effect of intergenerational transfer on wealth distribution. Comprises comparisons with other OECD countries and offers policy recommendations to counter the trend.




Social Inequality in Japan


Book Description

Japan was the first Asian country to become a mature industrial society, and throughout the 1970s and the 1980s, was viewed as an ‘all-middle-class society’. However since the 1990s there have been growing doubts as to the real degree of social equality in Japan, particularly in the context of dramatic demographic shifts as the population ages whilst fertility levels continue to fall. This book compares Japan with America, Britain, Italy, France, Germany, Sweden and Taiwan in order to determine whether inequality really is a social problem in Japan. With a focus on impact demographic shifts, Sawako Shirahase examines female labour market participation, income inequality among households with children, the state of the family, generational change, single person households and income distribution among the aged, and asks whether increasing inequality and is uniquely Japanese, or if it is a social problem common across all of the societies included in this study. Crucially, this book shows that Japan is distinctive not in terms of the degree of inequality in the society, but rather, in how acutely inequality is perceived. Further, the data shows that Japan differs from the other countries examined in terms of the gender gap in both the labour market and the family, and in inequality among single-person households – single men and women, including lifelong bachelors and spinsters – and also among single parent households, who pay a heavy price for having deviated from the expected pattern of life in Japan. Drawing on extensive empirical data, this book will be of great interest to students and scholars interested in Japanese culture and society, Japanese studies and social policy more generally.




Social Inequality in Post-Growth Japan


Book Description

In recent decades Japan has changed from a strongly growing, economically successful nation regarded as prime example of social equality and inclusion, to a nation with a stagnating economy, a shrinking population and a very high proportion of elderly people. Within this, new forms of inequality are emerging and deepening, and a new model of Japan as 'gap society' (kakusa shakai) has become common-sense. These new forms of inequality are complex, are caused in different ways by a variety of factors, and require deep-seated reforms in order to remedy them. This book provides a comprehensive overview of inequality in contemporary Japan. It examines inequality in labour and employment, in welfare and family, in education and social mobility, in the urban-rural divide, and concerning immigration, ethnic minorities and gender. The book also considers the widespread anxiety effect of the fear of inequality; and discusses how far these developments in Japan represent a new form of social problem for the wider world.




Confronting Inequality


Book Description

Inequality has drastically increased in many countries around the globe over the past three decades. The widening gap between the very rich and everyone else is often portrayed as an unexpected outcome or as the tradeoff we must accept to achieve economic growth. In this book, three International Monetary Fund economists show that this increase in inequality has in fact been a political choice—and explain what policies we should choose instead to achieve a more inclusive economy. Jonathan D. Ostry, Prakash Loungani, and Andrew Berg demonstrate that the extent of inequality depends on the policies governments choose—such as whether to let capital move unhindered across national boundaries, how much austerity to impose, and how much to deregulate markets. While these policies do often confer growth benefits, they have also been responsible for much of the increase in inequality. The book also shows that inequality leads to weaker economic performance and proposes alternative policies capable of delivering more inclusive growth. In addition to improving access to health care and quality education, they call for redistribution from the rich to the poor and present evidence showing that redistribution does not hurt growth. Accessible to scholars across disciplines as well as to students and policy makers, Confronting Inequality is a rigorous and empirically rich book that is crucial for a time when many fear a new Gilded Age.










Income Distribution and Economic Growth of Japan Under the Deflationary Economy


Book Description

This book examines the causes of the Japanese deflationary economy, characterized as a structural deflation, and discusses how to alleviate the prolonged slowdown in order to restore Japan to a trajectory of high economic growth, with a special focus on the function of income distribution.




Inequality Amid Affluence


Book Description

The two leading sociologists of social stratification in Japan argue that most Japanese have attained a level of income in which they no longer suffer from poverty and starvation, a situation in which Japan has achieved an equalization of basic wealth.




Demographic Change and Inequality in Japan


Book Description

First published in Japanese in 2006 by University of Tokyo Press as Henkasuru shakai no fubyaodao.




Sustainable Path to Inclusive Growth in Japan


Book Description

Market income inequality in Japan has been on a steady rise since the 1980s, and is now close to the OECD average. Gross and disposable income inequality, on the other hand, have risen much less but remain higher relative to several comparator countries. This paper employs inequality index decompositions by income source using household panel survey data from 2010-19 to identify the factors driving income inequality in Japan. Results indicate that while increase in the employment of females and the elderly in the last decade has helped lower income inequality, this has been offset by them being mostly employed in low-paid part-time nonregular jobs. Rapid aging of the population has also exacerbated income inequality over time. Moreover, while fiscal redistributive effects of social transfers are found to be a somewhat equalizing force, its impact on inequality is relatively weaker.