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Identifier to cite or link to this item: https://hdl.handle.net/10086/30346

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Title
Making economic growth and well-being compatible: Evidence from Japan
Creator
Creator Name
Sarracino, Francesco Sarracino, Francesco
Affiliation
Affiliation Name
Institut national de la statistique et des études économiques du Grand-Duché de Luxembourg
Affiliation
Affiliation Name
National Research University Higher School of Economics
Creator Name
O'Connor, Kelsey J. O'Connor, Kelsey J.
Affiliation
Affiliation Name
Institut national de la statistique et des études économiques du Grand-Duché de Luxembourg
Creator Name
Ono, Hiroshi Ono, Hiroshi
小野, 浩 小野, 浩
Affiliation
Affiliation Name
Hitotsubashi University
Key Word
Life satisfaction
Japan
inclusive growth
Blinder-Oaxaca decomposition
World Values Survey
social safety nets
welfare state
Abstract
Whether economic growth improves the human lot is a matter of conditions. We focus on Japan, a country where reforms in themid-1990s shifted the country from a pattern of rampant economic growth and stagnant well-being, to one of modest growth and increasing well-being. We discuss the policy reforms and analyze the changes that explain the increase in well-being. In particular, we assess whether the factors that explain the increase are consistent with those expected from the reforms. We apply Blinder-Oaxaca decomposition to World Values Survey data. Results show that well-being increased due to improved conditions for elderly people, people with children, and women, in other words, the primary groups targeted by the reforms. We conclude that adopting a system of social safety nets contributes to make economic growth compatible with increasing well-being over time.
Publisher
Hitotsubashi University
Issued Date
2019-03-28
Language
English(eng)
Resource Type
technical report
Version Type
VoR
Is Part OfRelation -
Related Title
Invited fellow DP, No. 34
Number of Pages
51
Sponsorship
Japan Society for Promotion of Science Grant-in-Aid for Scientific Research (Grant Number C-18K01645)
Appears in Collections
Hitotsubashi Invited Fellow Program Discussion Paper Series
URL
https://hdl.handle.net/10086/30346