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The Distribution Of Income And Wealth In Japan

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  • John Bauer
  • Andrew Mason

Abstract

This paper reviews research on the distribution of income and wealth in Japan, identifies sources of data on income and wealth, and describes limitations of these data. Evidence that Japan's poorest income groups are relatively well‐off is convincing, but there is less evidence that the overall distribution of income in Japan is more equal than in other OECD countries. Agricultural policy, social welfare policy, the tax system, trends in earnings differentials, and the role of the Japanese family are among the many factors that have shaped Japan's income distribution. The rapid appreciation of the stock market and land prices during the late 1980s led to greater inequality in the distribution of wealth. Rapid population aging is expected to lead to an increase in total national wealth relative to national income which may have an adverse impact on the distribution of income.

Suggested Citation

  • John Bauer & Andrew Mason, 1992. "The Distribution Of Income And Wealth In Japan," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 38(4), pages 403-428, December.
    • Handle: RePEc:bla:revinw:v:38:y:1992:i:4:p:403-428
    DOI: 10.1111/j.1475-4991.1992.tb00452.x
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    Cited by:

    1. Branko Milanovic, 2002. "True World Income Distribution, 1988 and 1993: First Calculation Based on Household Surveys Alone," Economic Journal, Royal Economic Society, vol. 112(476), pages 51-92, January.
    2. Gavin A. Wood, 1999. "Home-owner Residential Property Taxes and their Burden on Net Personal Wealth: An Empirical Study for Australia," Urban Studies, Urban Studies Journal Limited, vol. 36(2), pages 239-254, February.
    3. Branko Milanovic, 2005. "Global Income Inequality: What It Is And Why It Matters?," HEW 0512001, University Library of Munich, Germany.
    4. Pascal Petit, 1999. "Sectoral Patterns of Distribution in Slowly Growing Economies: The case of nine OECD countries in the 1980s and 1990s," International Review of Applied Economics, Taylor & Francis Journals, vol. 13(3), pages 333-351.
    5. Frank A. Cowell & Philippe Kerm, 2015. "Wealth Inequality: A Survey," Journal of Economic Surveys, Wiley Blackwell, vol. 29(4), pages 671-710, September.
    6. James C. MacGee, 2006. "Land Titles, Credit Markets and Wealth Distributions," WIDER Working Paper Series RP2006-150, World Institute for Development Economic Research (UNU-WIDER).

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