Tokyo Center for Economic Research

The Latest TCER Working Papers

July 2015
Inter-industry labor reallocation and task distance
Ayako Kondo and Saori Naganuma

This paper investigates factors preventing inter-industry labor reallocation by estimating the determinants of inter-industry worker flow and earnings change after a job change. We find that the difference in required tasks is an important reason for earnings reduction after an inter-industry job change, and thus, workers may hesitate to move to industries requiring a different set of tasks for fear of losing the wage premium acquired by task-specific human capital. In addition, more workers switch to industries with which their previous industry had larger transactions, although it affects earnings changes only marginally. On the other hand, industry performance does not affect labor inflow or wage changes significantly for inter-industry job changes. Young men, less educated women, and those quitting previous jobs for family or health reasons are more likely to move to industries requiring a different set of tasks, and young individuals who lost their jobs involuntarily are less likely to do so. Individuals more likely to move are not necessarily those whose earnings loss associated with the move is small: earning losses associated with task distance are relatively small among younger and less educated workers and are uncorrelated with the reasons for quitting the previous job.
[Click for the pdf]

April 2015
Pathways out of poverty in rural Laos
Jonna P. Estudillo, Keijiro Otsuka and Saygnasak Seng-Arloun

Using a rare individual-level data set, this paper explores the role of education and farmland on the choice of job of three generations of household members in rural Laos. While the first (G1) and the second (G2) generations are mainly engaged in farming, the youngest generation (G3) is engaged in nonfarm wage and overseas work. Education matters in nonfarm wage work, but not necessarily in overseas work. The female members of G3 are more likely to migrate. Our findings imply a shortage of jobs in rural Laos, pushing the less educated and the females to cross the border to Thailand.
[Click for the pdf]

April 2015
R&D in Clean Technology: A Project Choice Model with Learning
Koki Oikawa

In this study, we investigate the qualitative and quantitative effects of an R&D subsidy for clean technology and a Pigouvian tax on a dirty technology on environmental R&D when it is uncertain how long the research takes to complete. The model is formulated as an optimal stopping problem, in which the number of successes required to complete the R&D project is finite and which incorporates learning about the probability of success. We show that the optimal R&D subsidy with the consideration of learning is higher than that without it. We also find that an R&D subsidy performs better than a Pigouvian tax unless the government can induce suppliers to make cost reduction efforts even after the new technology successfully replaces the old one. Moreover, by a two-project model, we show that a uniform subsidy is better than a selective subsidy.
[Click for the pdf]

30. July 2015

[News] CALL FOR PAPERS, 17TH TCER ANNUAL MACRO CONFERENCE

We are pleased to inform you that the 17th TCER Macro Conference will be held at the Mercury Tower on Hitotsubashi University’s Kunitachi Campus on Saturday-Sunday, November 7-8, 2015. If you are interested in submitting a paper to the conference, please send your paper by email as an attached file to all the four program committee members shown below. There will be no particular topic for this conference, and any macroeconomics-related paper will be welcome, whether it is theoretical or empirical.

The conference will receive financial supports this year from:
The Tokyo Center for Economic Research (TCER),
Faculty of Economics, Keio University,
The UTokyo Price Project,
Research Center for Economic and Social Risks, Hitotsubashi University,
The Institute of Social and Economic Research of Osaka University.

The deadline of submission is Sunday, August 2, 2015 (Japan time). Full papers are preferred but a 10-page abstract is also acceptable. Also, please suggest two individuals as designated discussants, although it is not necessary to contact them in advance. In either case, please make sure to send your full paper to the four program committee members and to the designated discussant by Sunday, October 4, 2015 (Japan time). We will inform you of our decision on or around Sunday, September 6, 2015.

We will pay the travel and lodging expenses of all paper presenters, designated discussants, and chairpersons. However, we may not be able to pay for the travel expenses of those coming from abroad.

We look forward to receiving many interesting submissions.

With best wishes,

Co-Sponsors/Organizing Committee
Naohito Abe (Hitotsubashi University)
Yoshiyasu Ono (Osaka University)
Masaya Sakuragawa (Keio University)
Tsutomu Watanabe (University of Tokyo)

Program Committee Members (to whom submissions should be sent)
Kosuke Aoki (University of Tokyo) kaoki@e.u-tokyo.ac.jp
Kazuo Ogawa (Osaka University) ogawa@iser.osaka-u.ac.jp
Etsuro Shioji (Hitotsubashi University) shioji@econ.hit-u.ac.jp
Yuki Teranishi (Keio University) yukitera@fbc.keio.ac.jp

12. June 2015

[News] Call for Papers: East Asian Game Theory Conference 2015 (EAGT2015)

We are pleased to inform you the paper call of East Asian Game Theory Conference 2015 (EAGT2015) as follows.

East Asian Game Theory Conference 2015 (EAGT2015)
Place: Waseda Campus, Waseda University
Dates: August 24-26, 2015
Website for the conference: http://eagt2015tokyo.blogspot.jp/

Please find the details for paper submission at the website.

Important Dates:
May 20: Deadline for abstract submission.
June 5: You are informed whether your paper has been accepted.
June 15: Preliminary program is available.
July 1: Deadline for regular registration.
July 31: Deadline for late registration.
August 24-26: Conference.

Hope to see many participants there!

13. April 2015

[News] CALL FOR PAPERS, 16TH ANNUAL MACRO CONFERENCE

We are pleased to inform you that the 16th Macro Conference will be held at Keio University’s Mita Campus on Saturday-Sunday, November 29-30, 2014. If you are interested in submitting a paper to the conference, please send your paper by email as an attached file to all the four program committee members shown below. There will be no particular topic for this conference, and any macroeconomics-related paper will be welcome, whether it is theoretical or empirical.

The conference will receive financial supports this year from the Tokyo Center for Economic Research (TCER), Faculty of Economics, Keio University, the UTokyo Price Project, Research Center for Economic and Social Risks, Hitotsubashi University, Research Grant: “Japan’s international adjustments under the aging and population decline”, and the Institute of Social and Economic Research of Osaka University.

The deadline of submission is Sunday, August 31, 2014 (Japan time). Full papers are preferred but a 10-page abstract is also acceptable. Also, please suggest two individuals as designated discussants, although it is not necessary to contact them in advance. In either case, please make sure to send your full paper to the four program committee members and to the designated discussant by Friday, October 31, 2014 (Japan time). We will inform you of our decision on or around Tuesday, September 30, 2014.

We will pay the travel and lodging expenses of all paper presenters, designated discussants, and chairpersons. However, we may not be able to pay for the travel expenses of those coming from abroad.

We look forward to receiving many interesting submissions.

With best wishes,

Co-Sponsors/Organizing Committee
Naohito Abe, Tokuo Iwaisako (Hitotsubashi University)
Yoshiyasu Ono (Osaka University)
Masaya Sakuragawa (Keio University)
Tsutomu Watanabe (University of Tokyo)

Program Committee (to which submissions should be sent)
Kosuke Aoki (University of Tokyo) kaoki@e.u-tokyo.ac.jp
Kazuo Ogawa (Osaka University) ogawa@iser.osaka-u.ac.jp
Etsuro Shioji (Hitotsubashi University) shioji@econ.hit-u.ac.jp
Yasuo Hirose (Keio University) yhirose@econ.keio.ac.jp
(Please send your paper to all four of us, simultaneously.)

20. June 2014

[News] Call for papers: Unconventional Policy and Emerging Economies

TCER (Tokyo Center of Economic Research) and Institute of Developing Economies (IDE-JETOR) plan to have a conference on “The Effects of Unconventional Monetary Policy on Emerging Economies”. As the theme shows, our main interest is to see what impacts recent unconventional monetary expansion in developed countries had on various emerging economies. We accept any paper that analyzes the related topics. The conference will be held at the University of Tokyo in March 2015. If you are interested in contributing a paper for the conference, send your first draft to sfukuda2@e.u-tokyo.ac.jp by the end of November 2014.

A special issue of the Developing Economies (DE) on the conference theme will be published under the Guest Editorship. Authors whose papers are presented at the conference are supposed to submit their papers to the DE special issue. Papers submitted for this special issue will undergo the normal journal reviewing process.

DE is an academic journal published by WILEY-BLACKWELL and has ISI impact factor. Its details are available at

http://www.ide.go.jp/English/Publish/Periodicals/De/backnumber.html

April 21, 2014
Shin-ichi Fukuda, Professor, The University of Tokyo, Japan
Etsuro Shioji, Professor, Hitotsubashi University, Japan

20. April 2014