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The Demand for College Education in Postwar Japan

Author

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  • Yoshi-Fumi Nakata
  • Carl Mosk

Abstract

Since World War II the number of Japanese college applications has expanded at an impressive rate. This paper concentrates on evaluating the extent to which economic factors underlie this expansion. Salient among the findings are results suggesting that an important segment of the population, whom we call "marginal investors," respond sensitively to shortrun economic factors governing higher education. These factors include direct college costs, the household liquidity constraints, and the probability of entering a large firm. It also appears that the quality of college education has been an important determinant of postwar demand for college education in Japan.

Suggested Citation

  • Yoshi-Fumi Nakata & Carl Mosk, 1987. "The Demand for College Education in Postwar Japan," Journal of Human Resources, University of Wisconsin Press, vol. 22(3), pages 377-404.
    • Handle: RePEc:uwp:jhriss:v:22:y:1987:i:3:p:377-404
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    Citations

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    Cited by:

    1. Edwards, Linda N. & Pasquale, Margaret K., 2003. "Women's higher education in Japan: Family background, economic factors, and the Equal Employment Opportunity Law," Journal of the Japanese and International Economies, Elsevier, vol. 17(1), pages 1-32, March.
    2. Ono, Hiroshi, 2000. "Are Sons and Daughters Substitutable? A Study of Intra-household Allocation of Resources in Contemporary Japan," SSE/EFI Working Paper Series in Economics and Finance 397, Stockholm School of Economics, revised 10 Feb 2003.
    3. Sofoklis Goulas & Rigissa Megalokonomou, 2019. "Which degrees do students prefer during recessions?," Empirical Economics, Springer, vol. 56(6), pages 2093-2125, June.
    4. Ono, Hiroshi, 2007. "Does examination hell pay off ? A cost-benefit analysis of "ronin" and college education in Japan," Economics of Education Review, Elsevier, vol. 26(3), pages 271-284, June.
    5. Sharmistha Self & Richard Grabowski, 2008. "Examining The Link Between Japan'S Development And Education Of Females," Pacific Economic Review, Wiley Blackwell, vol. 13(3), pages 279-288, August.
    6. Daiji Kawaguchi & Yuko Mori, 2014. "Winning the race against technology," Bank of Japan Working Paper Series 14-E-5, Bank of Japan.
    7. Kawaguchi, Daiji & Mori, Yuko, 2016. "Why has wage inequality evolved so differently between Japan and the US? The role of the supply of college-educated workers," Economics of Education Review, Elsevier, vol. 52(C), pages 29-50.
    8. Elke Loichinger & Yen-hsin Alice Cheng, 2018. "Feminising the workforce in ageing East Asia? The potential of skilled female labour in four advanced economies," Journal of Population Research, Springer, vol. 35(2), pages 187-215, June.
    9. Duchesne, I. & Nonneman, W., 1998. "The Demand for Higher Education in Belgium," Economics of Education Review, Elsevier, vol. 17(2), pages 211-218, April.
    10. Ono, Hiroshi, 2004. "Are sons and daughters substitutable?: Allocation of family resources in contemporary Japan," Journal of the Japanese and International Economies, Elsevier, vol. 18(2), pages 143-160, June.

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