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\nhttps:\/\/www.jsps.go.jp\/j-jsps-prize\/kettei.html<\/a><\/p>\n<\/blockquote>\n

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\u5c0f\u539f\u7f8e\u7d00<\/strong>\uff08\u8457\u66f8\uff09
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\n\u300e\u65e5\u672c\u5973\u6027\u306e\u30e9\u30a4\u30d5\u30b3\u30fc\u30b9\u3000\u5e73\u6210\u30fb\u4ee4\u548c\u671f\u306e\u300c\u5909\u5316\u300d\u3068\u300c\u4e0d\u5909\u300d\u300f\u6176\u61c9\u7fa9\u587e\u5927\u5b66\u51fa\u7248\u4f1a\uff082023\u5e7410\u6708\uff09https:\/\/www.keio-up.co.jp\/np\/detail_contents.do?goods_id=6574<\/a><\/p><\/blockquote>\n

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Miki Kohara<\/strong> coauthored with Taisei Noda\uff08\u8ad6\u6587\uff09
\n\u201cThe causal effects of working time on mental health: The effectiveness of the law reform raising the overtime wage penalty\u201d Pacific Economic Review, Pacific Economic Review 2023; pp.1\u201327.\uff08\u67fb\u8aad\u6709\uff09https:\/\/onlinelibrary.wiley.com\/doi\/10.1111\/1468-0106.12441<\/a><\/p><\/blockquote>\n

Abstract\uff1aThe present paper reexamines the causal effect of working hours on workers\u2019 mental health. We utilize Japan’s 2010 reform of the Labor Standards Act as a social experiment to examine how the increased wage penalty for long overtime work affects working hours and workers\u2019 mental health. Utilizing a unique panel dataset containing health behaviours as well as individual, house-hold and workplace characteristics of male workers, we find that the wage penalty reform indeed succeeded in reducing overtime hours and total working hours and that the reductions contributed to better mental health of workers. Further empirical investigation suggests that the reduction effect of the reform on working time is homo-geneous among age groups; however, the harmful effect of working time on mental health is large and statistically significant among young workers. Our results suggest that setting a high wage penalty for long overtime work effectively reduces overtime work and improves workers\u2019 health outcomes, particularly for young people.<\/p>\n

 <\/p>\n

Hidekazu Niwa<\/strong>\uff08\u8ad6\u6587\uff09
\n\u201cExiting from Quantitative Easing in an Era of Large Government Debt: Inflation or Default?,” (2023) Economics Letters,111471. \uff08\u67fb\u8aad\u6709\uff09https:\/\/doi.org\/10.1016\/j.econlet.2023.111471<\/a><\/p><\/blockquote>\n

Abstract\uff1aJapanese government bonds have accumulated during the last decades, while the Bank of Japan has purchased government bonds under the Quantitative and Qualitative Monetary Easing. This note reconsiders a relationship between inflation stability and a government bond default by using a simple model in which the fiscal authority: (\u2170) commits not to making fiscal adjustments needed to stabilize government debt, (\u2171) commits not to providing financial support for the central bank that incurs losses on its balance sheet, and (\u2172) can partially default on government bonds. We show that the central bank that engages in large-scale purchases of long-term government bonds when the zero lower bound (ZLB) binds cannot achieve its inflation target after the ZLB is no longer binding.<\/p>\n","protected":false},"excerpt":{"rendered":"

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