JICA Ogata Research Institute

Experts

SHIMIZUTANI, Satoshi

Executive Senior Research FellowFull-time

Educational Background

Ph.D in Economics, University of Michigan, December 2002
Master of Arts (Applied Economics), University of Michigan, April 1999
Bachelor of laws, University of Tokyo, March 1990

Career Background

Executive Senior Research Fellow, JICA Research Institute (current JICA Ogata Sadako Research Institute for Peace and Development), January 2020 - present
Gender Equality Bureau, Ricoh Institute of Sustainability and Business, Economic and Social Research Institute, Cabinet Office, July 2012 to December 2019
Senior Research Fellow, Institute for International Policy Studies, July 2007 to June 2012
Associate Professor, Institute of Economic Research, Hitotsubashi University, April 2004 to June 2007
Economic Planning Agency, Cabinet Office April 1990 to March 2004

Major Publications

Books:

1. Shimizutani, Satoshi (2005). Kitai to fukakujitsusei no keizai gaku – defure keizai no micro jissho bunseki (Expectations and Uncertainty in a Deflationary Economy: A Microeconomic Analysis of the Japanese Economy; in Japanese) Nihon Keizai Shimbun Sha, Tokyo.
 
2. Shimizutani, Satoshi and Haruko Noguchi (2004). Kaigo hoiku service shijou no keizai bunseki – micro data niyoru jittai kaimei to seisaku teigen (An Economic Analysis on the Elderly and Child Care in Japan: Micro-level Investigation with Policy Implication; in Japanese) Toyo-Keizai Shimpo Sha, Tokyo.
 
Published or Forthcoming Articles in English (* indicates refereed papers):

1. * Shimamura, Yasuharu, Satoshi Shimizutani, Shimpei Taguchi and Hiroyuki Yamada (2022). “The Impact of Better Access to Improved Water Sources on Health, Schooling, and Water Collection of Girls and Boys in Rural Zambia,” Journal of Development Studies, forthcoming.
 
2. * Yamada, Eiji, Shimizutani, Satoshi and Enerelt Murakami (2022). “Remittances, Household Welfare and the COVID-19 Pandemic in Tajikistan,” Asian Development Review, forthcoming.
 
3. * Oshio, Takashi and Satoshi Shimizutani (2022). “Will Working Longer Enhance the Health of Older Adults? A Pooled Analysis of Repeated Cross-sectional Data in Japan,” Journal of Epidemiology, forthcoming.
 
4. * Shimamura, Yasuharu, Satoshi Shimizutani, Shimpei Taguchi and Hiroyuki Yamada (2022). “Economic Valuation of Safe Water from New Boreholes in Rural Zambia: A Coping Cost Approach,” Water Resources and Economics, vol.37, 100192.
 
5. * Shimizutani, Satoshi and Eiji Yamada (2021). “Resilience against the pandemic: the impact of COVID-19 on migration and household welfare in Tajikistan,” PLoS ONE 16 (9): e0257469.
 
6. * Shimizutani, Satoshi and Hiroyuki Yamada (2021). “Long-term Consequences of the Atomic Bombing in Hiroshima,” Journal of the Japanese and International Economies, vol.59, 101119.
 
7. * Murakami, Enerelt, Satoshi Shimizutani and Eiji Yamada (2021). “Projection of the Effects of the COVID-19 Pandemic on the Welfare of Remittance-Dependent Households in the Philippines,” Economics of Disasters and Climate Change, vol.5, issue 1, pp.97-110.
 
8. Oshio, Takashi, Akiko Oishi and Satoshi Shimizutani (2021). “Social Security Programs and the Elderly Employment in Japan,” in Axel Börsch-Supan and Courtney Coile eds. Social Security Programs and Retirement around the World: Reforms and Retirement Incentives, University of Chicago Press, pp.271–296.
 
9. * Shimizutani, Satoshi and Hiroyuki Yamada (2020). “Financial Literacy of Middle-Aged and Older Individuals: Comparison of Japan and the United States,” Journal of the Economics of Ageing, vol.16, 100214.
 
10. * Yamada, Eiji, Satoshi Shimizutani and Enerelt Murakami (2020). “The COVID-19 Pandemic, Remittances and Financial Inclusion in the Philippines,” Philippine Review of Economics, vol.57, no.1, pp.18-41.
 
11. * Oshio, Takashi, Satoshi Shimizutani and Akiko Oishi (2020). “Examining How Elderly Employment is Associated with Institutional Disincentives in Japan,” Journal of the Japanese and International Economies, vol.56, 101078.
 
12. * Murakami, Enerelt, Satoshi Shimizutani and Eiji Yamada (2020). “The Potential Impact of the COVID-19 Pandemic on the Welfare of Remittance-Dependent Households in the Philippines,” Covid Economics: Vetted and Real-Time Papers, Issue 24, pp.183-204.
 
13. Oshio, Takashi, Emiko Usui and Satoshi Shimizutani (2020). “Labor Force Participation of the Elderly in Japan,” in Courtney Coile, Kevin Milligan, and David Wise eds. Social Security Programs and Retirement around the World: Working Longer, University of Chicago Press, pp.163-178.
 
14. * Matsushima, Midori, Satoshi Shimizutani and Hiroyuki Yamada (2019). “New Evidence on Predictable Validity of Grip Strength on Later Life Outcomes in Japan,” Applied Economics Letters, vol.26, issue 19, pp.1572-1578.
 
15. * Mitsuyama, Nahoko and Satoshi Shimizutani (2019). “Male and Female Happiness in Japan during the 2000s: Trends during Era of Promotion of Active Participation by Women in Society,” Japanese Economic Review, vol.70, issue 2, pp.189-209.
 
16. * Oshio, Takashi and Satoshi Shimizutani (2019). “Health Capacity to Work and its Long-term Trend among the Japanese Elderly,” Journal of the Japanese and International Economies, vol.51, pp.76-86.
 
17. * Matsushima, Midori, Satoshi Shimizutani and Hiroyuki Yamada (2018). “Life Course Consequences of Low Birth Weight: Evidence from Japan,” Journal of the Japanese and International Economies, vol.50, pp.37-47.
 
18. * Matsukura, Rikiya, Satoshi Shimizutani, Nahoko Mitsuyama, Sang-Hyop Lee and Naohiro Ogawa (2018). “Untapped Work Capacity among Old Persons and Their Potential Contributions to the “Silver Dividend” in Japan,” Journal of the Economics of Ageing, vol.12, pp.236-249.
 
19. * Hori, Masahiro and Satoshi Shimizutani (2018). “The Incidence of the Tuition-free High School Program in Japan,” Education Economics, vol.26, no.1, pp.93-108.
 
20. Usui, Emiko, Satoshi Shimizutani and Takashi Oshio (2017). “Health Capacity to Work at Older Ages: Evidence from Japan,” in David Wise eds. Social Security Programs and Retirement around the World: The Capacity to Work at Older Ages, University of Chicago Press, pp.219-241.
 
21. * Shimizutani, Satoshi (2017). “College Tuition Payment and Household Consumption in Japan,” Review of Economics of the Household, vol.15, issue 1, pp. 265-285.
 
22. * Shimizutani, Satoshi and Takashi Oshio (2016). “Public Pension Benefits Claiming Behavior: New Evidence from the Japanese Study on Aging and Retirement,” Japanese Economic Review, vol.67, issue 3, pp.235-256.
 
23. * Usui, Emiko, Satoshi Shimizutani and Takashi Oshio (2016). “Are Japanese men of pensionable age underemployed or overemployed?” Japanese Economic Review, vol.67, issue 2, pp.150-168.
 
24. Ichimura, Hidehiko, Yasuyuki Sawada and Satoshi Shimizutani (2016). “Conference on Economics of Ageing in Japan and other societies: Introduction,” Japanese Economic Review, vol.67, issue 2, pp.147-149.
 
25. * Hori, Masahiro, Nahoko Mitsuyama and Satoshi Shimizutani (2016). “New Evidence on Intra-Household Allocation of Resources in Japanese Households,” Japanese Economic Review, vol.67, issue 1, pp.77-95.
 
26. Shimizutani, Satoshi, Takashi Oshio and Mayu Fujii (2016). “Option Value of Work, Health Status, and Retirement Decisions in Japan: Evidence from the Japanese Study on Aging and Retirement (JSTAR),” in David Wise eds. Social Security Programs and Retirement around the World: Disability Insurance Programs and Retirement, University of Chicago Press, pp.497-535.
 
27. * Yamada, Hiroyuki and Satoshi Shimizutani (2015). “Labor Market Outcomes of Informal Care Provision in Japan,” Journal of the Economics of Ageing, vol.6, pp.79-88.
 
28. Shimizutani, Satoshi (2015). “Population Aging in Postwar Japan: Processes and Prospects,” Asia Pacific Review, vol.22, issue 2, pp.53-76.
 
29. Clark, Robert, Rikiya Matsukura, Naohiro Ogawa and Satoshi Shimizutani (2015). “Retirement Transitions in Japan,” Public Policy and Aging Report, vol.25, no.4, pp.129-131.
 
30. * Mitsuyama, Nahoko and Satoshi Shimizutani (2015). “Stock Market Reaction to ESG Oriented Management: An Event Study Analysis on a Disclosing Policy in Japan,” Economics Bulletin, vol.35, Issue 2, pp.1098-1108.
 
31. * Shimizutani, Satoshi, Hiroyuki Yamada, Haruko Noguchi, Yuichiro Masuda and Masafumi Kuzuya (2015). “Exploring the Causal Relationship between Hospital Length of Stay and Re-hospitalization among Japanese AMI Patients,” Applied Economics, vol.47, no.22, pp.2307–2325.
 
32. * Fujii, Mayu, Takashi Oshio and Satoshi Shimizutani (2014). “Self-Rated Health Status of the Japanese and Europeans in Later Life: Evidence from JSTAR and SHARE,” Japanese Economic Review, vol.65, no.4, pp.483-498.
 
33. * Shimizutani, Satoshi and Hiroyuki Yamada (2014). “Long-term Consequences of Birth in an “Unlucky” Year: Evidence from Japanese Women Born in 1966,” Applied Economics Letters, vol.21, issue 16, pp.1174-1178.
 
34. Shimizutani, Satoshi (2014). “The Future of Long-term Care in Japan,” Asia Pacific Review, vol.21, no.1, pp.88-119.
 
35. * Shimizutani, Satoshi and Takashi Oshio (2013). “Revisiting the Labor Supply Effect of Social Security Earnings Test: New Evidence from its Elimination and Reinstatement in Japan,” Japan and the World Economy, vol.28, pp.99-111.
 
36. * Mitsuyama, Nahoko and Satoshi Shimizutani (2013). “Stock Market Response to Women’s Active Participation in Japan: An Event Study Analysis on a Disclosing Policy,” Economics Bulletin, vol.33, no.4, pp.2596-2606.
 
37. * Shimizutani, Satoshi (2013). “Social Security Earnings Test and the Labor Supply of the Elderly: New Evidence from Unique Survey Responses in Japan,” Japanese Economic Review, vol.64, no.3, pp.399-413.
 
38. Oshio, Takashi and Satoshi Shimizutani (2012). “Disability Pension Program and Labor Force Participation in Japan: A Historical Perspective,” in David Wise editor. Social Security Programs and Retirement around the World: Historical Trends in Mortality and Health, Employment, and Disability Insurance Participation and Reforms, The University of Chicago Press, pp.391-417.
 
39. * Hori, Masahiro and Satoshi Shimizutani (2012). “Do Households Smooth Expenditure over Anticipated Income Changes? Evidence from Bonus Payments to Public Employees in Japan,” Journal of the Japanese and International Economies, vol.26, no.3, pp.405-433.
 
40. * Ichimura, Hidehiko and Satoshi Shimizutani (2012). “Retirement Process in Japan: New Evidence from Japanese Study on Aging and Retirement (JSTAR),” in National Research Council Aging in Asia: Findings from New and Emerging Data Initiatives. Washington, DC: The National Academies Press (James P. Smith and Malay Majmundar, Editors. Panel on Policy Research and Data Needs to Meet the Challenge of Aging in Asia. Committee on Population, Division of Behavioral and Social Sciences and Education), pp.173-204.
 
41. * Shimizutani, Satoshi (2012). “Quality Growth: New Evidence from Japanese Household-level Data,” Economics Letters, vol.114, Issue 1, pp.76-79.
 
42. Shimizutani, Satoshi (2011). “Education Reform in Japan: A Course for Lifelong Learning,” Asia Pacific Review, vol.18, no.2, pp.105-114.
 
43. * Sawada, Yasuyuki and Satoshi Shimizutani (2011). “Changes in Durable Stocks, Portfolio Allocation, and Consumption Expenditure in the Aftermath of the Kobe Earthquake,” Review of Economics of the Household, vol.9, no.4, pp.429-443.
 
44. * Shimizutani, Satoshi (2011). “A New Anatomy of the Retirement Process in Japan,” Japan and the World Economy, vol.23, no.3, pp.141-152.
 
45. * Oshio, Takashi, Akiko Oishi and Satoshi Shimizutani (2011). “Social Security Reforms and Labor Force Participation of the Elderly in Japan,” Japanese Economic Review, vol.62, no.2, pp.248-271.
 
46. * Noguchi, Haruko and Satoshi Shimizutani (2011). “The Determinants of Exit from Institutions and the Price Elasticity of Institutional Care: Evidence from Japanese Micro-level Data,” Journal of the Japanese and International Economies, vol.25, no.2, pp.131-142.
 
47. Shimizutani, Satoshi (2010). “Local Government in Japan: New Directions in Governance toward Citizens’ Autonomy,” Asia Pacific Review, vol.17, no.2, pp.99-117.
 
48. * Inakura, Noriko and Satoshi Shimizutani (2010). “Deposit Insurance and Depositor Discipline: Direct Evidence on Bank Switching Behavior in Japan,” Applied Economics, vol.42, issue 26, pp.3401-3415.
 
49. * Hsieh, Chang-Tai, Satoshi Shimizutani and Masahiro Hori (2010). “Did Japan's Shopping Coupon Program Increase Spending?” Journal of Public Economics, vol.94, no.7-8, pp. 523-529.
 
50. Oshio, Takashi, Satoshi Shimizutani and Akiko Oishi (2010). “Does Social Security Induce Withdrawal of the Old from the Labor Force and Create Jobs for the Young? The Case of Japan,” in Jonathan Gruber and David Wise editors. Social Security Programs and Retirement around the World: The Relationship to Youth Employment, The University of Chicago Press, pp.217-241.
 
51. * Shimizutani, Satoshi and Takashi Oshio (2010). “New Evidence on Initial Transition from Career Job to Retirement in Japan,” Industrial Relations, vol.49, no.2, pp.248-274.
 
52. * Noguchi, Haruko and Satoshi Shimizutani (2009). “Supplier Density and At-home Care Use in Japan: Evidence from a Micro-level Survey on Long Term Care Receivers,” Japan and the World Economy, vol.21, no.4, pp.365-372.
 
53. Shimizutani, Satoshi (2009). “Asian Common Currency as a Driving Force of Economic Integration in East Asia: A Prospect,” Asia Pacific Review, vol.16, no.2, pp.26-41.
 
54. * Hori, Masahiro and Satoshi Shimizutani (2009). “The Response of Household Expenditure to Anticipated Income Changes: Bonus Payments and the Seasonality of Consumption in Japan,” B.E. Journal of Macroeconomics, vol.9, Issue.1 (Contributions), Article 34.
 
55. * Shimizutani, Satoshi and Izumi Yokoyama (2009). “Has Japan’s Long-Term Employment Practice Survived? Developments since the 1990s,” Industrial and Labor Relations Review, vol.62, no.3, pp.311-324.
 
56. * Todo, Yasuyuki and Satoshi Shimizutani (2009). “R&D Intensity for Innovative and Adaptive Purposes in Overseas Subsidiaries: Evidence from Japanese Multinational Enterprises,” Research in International Business and Finance, vol.23, no.1, pp.31-45.
 
57. * Montgomery, Heather and Satoshi Shimizutani (2009). “The Effectiveness of Bank Recapitalization Policies in Japan,” Japan and the World Economy, vol.21, no.1, pp.1-25.
 
58. * Todo, Yasuyuki and Satoshi Shimizutani (2008). “Overseas R&D Activities and Home Productivity Growth: Evidence from Japanese Firm-Level Data,” Journal of Industrial Economics, vol.56, no.4, pp.752-777.
 
59. * Noguchi, Haruko, Satoshi Shimizutani and Wataru Suzuki (2008). “Nonprofit Wage Premium in the Japanese Child Care Market: Evidence from Employer-Employee Matched Data,” Applied Economics Letters, vol.15, no.14, pp.1089-1092.
 
60. * Mitchell, Olivia, John Piggott and Satoshi Shimizutani (2008). “An Empirical Analysis of Patterns in the Japanese Long-Term Care Insurance System,” Geneva Papers on Risk and Insurance – Issues and Practice, vol.33, no.4, pp.694-709.
 
61. * Inakura, Noriko and Satoshi Shimizutani (2008). “Did Lower Interest Rates Reduce Japan’s Household Savings Rate since the 1990s? Evidence Based on the Maturation of Postal Savings Certificates,” Economics Bulletin, vol.5, no.22, pp.1-8.
 
62. * Noguchi, Haruko, Satoshi Shimizutani and Yuichiro Masuda (2008). “Regional Variations in Medical Expenditure and Hospitalization Days for Heart Attack Patients in Japan: Evidence from the Tokai Acute Myocardial Study (TAMIS),” International Journal of Health Care Finance and Economics, vol.8, no.2, pp.123-144.
 
63. * Sawada, Yasuyuki and Satoshi Shimizutani (2008). “How Do People Cope with Natural Disasters? Evidence from the Great Hanshin-Awaji (Kobe) Earthquake in 1995,” Journal of Money, Credit and Banking, vol.40, no.2-3, pp.463-488.
 
64. * Shimizutani, Satoshi and Yasuyuki Todo (2008). “What Determines Overseas R&D Activities? The Case of Japanese Multinational Firms,” Research Policy, vol.37, no.3, pp.530-544.
 
65. * Shimizutani, Satoshi, Wataru Suzuki and Haruko Noguchi (2008). “The Socialization of At-home Elderly Care and Female Labor Market Participation: Micro-level Evidence from Japan,” Japan and the World Economy, vol.20, no.1, pp.82-96.
 
66. * Hori, Masahiro and Satoshi Shimizutani (2007). “Are Tax Cuts Effective Even in Anticipation of Future Tax Increase? Evidence from Japan's Unique Episodes in the 1990s,” Singapore Economic Review, vol.52, no.2, pp.167-177.
 
67. Date, Yusuke and Satoshi Shimizutani (2007). “Why Has Japan’s Fertility Rate Declined? An Empirical Literature Survey with an Emphasis on Policy Implications,” The Japanese Economy, vol.34, no.1, pp.4-45.
 
68. * Abe, Naohito and Satoshi Shimizutani (2007). “Employment Policy and Corporate Governance –An Empirical Comparison of the Stakeholder and the Profit-Maximization Model–,” Journal of Comparative Economics, vol.35, no.2, pp.346-368.
 
69. * Shimizutani, Satoshi and Wataru Suzuki (2007). “Quality and Efficiency of Home Help Elderly Care in Japan: Evidence from Micro-level Data,” Journal of the Japanese and International Economies, vol.21, no.2, pp.287-301.
 
70. * Sawada, Yasuyuki and Satoshi Shimizutani (2007). “Consumption Insurance against Natural Disasters: Evidence from the Great Hanshin-Awaji (Kobe) Earthquake,” Applied Economics Letters, vol.14, no.4, pp.303-306.
 
71. Shimizutani, Satoshi and Noriko Inakura (2007). “Japan’s Public Long-term Care Insurance and the Financial Condition of Insurers: Evidence from Municipality-level Data,” Government Auditing Review, vol.14, pp. 27-40.
 
72. * Noguchi, Haruko and Satoshi Shimizutani (2007). “Nonprofit/For-Profit Status and Earning Differentials in the Japanese At-home Elderly Care Industry: Evidence from Micro-level Data on Home Helpers and Staff Nurses,” Journal of the Japanese and International Economies, vol.21, no.1, pp.106-120.
 
73. Shimizutani, Satoshi (2006). “The Expansion in Long-Term Care Use in Japan: A Case of Supplier-Induced Demand?” Swiss Journal of Economics and Statistics, Special Issue, pp.91-95.
 
74. Shimizutani, Satoshi (2006). “Japan’s Long-term Care Insurance Program: An Overview,” Swiss Journal of Economics and Statistics, Special Issue, pp.23-28.
 
75. Noguchi, Haruko and Satoshi Shimizutani (2006). “Do Non-Profit Operators Provide Higher Quality of Care? Evidence from Micro-Level Data for Japan’s Long-term Care Industry,” Hitotsubashi Journal of Economics, vol.47, no.1, pp.125-135.
 
76. * Shimizutani, Satoshi (2006). “Consumer Response to the 1998 Tax Cut: Is a Temporary Tax Cut Effective?” Journal of the Japanese and International Economies, vol.20, no.2, pp.269-287.
 
77. * Hori, Masahiro and Satoshi Shimizutani (2006). “Did Japanese Consumers Become More Prudent During 1998-1999? Evidence from Household Level Data,” International Economic Journal, vol.20, no.2, pp.197-209.
 
78. * Mitchell, Olivia, John Piggott and Satoshi Shimizutani (2006). “Aged-Care Support in Japan: Perspectives and Challenges,” Benefits Quarterly, 1st Quarter, pp.7-18.
 
79. * Oshio, Takashi and Satoshi Shimizutani (2005). “The Impact of Public Pension Benefits on Income and Poverty of the Elderly in Japan,” Japanese Journal of Social Security Policy, vol.4, no.2, pp.54-66.
 
80. * Hori, Masahiro and Satoshi Shimizutani (2005). “Price Expectations and Consumption under Deflation: Evidence from Japanese Household Survey Data,” International Economics and Economic Policy, vol.2, no.2-3, pp.127-151.
 
81. Hori, Masahiro and Satoshi Shimizutani (2005). “Consumer Response to the 1994 Tax Cut: Evaluating the Japanese First Tax Cut in the 1990s,” Hitotsubashi Journal of Economics, vol.46, no.1, pp.85-97.
 
82. * Noguchi, Haruko and Satoshi Shimizutani (2005). “Nonprofit and For-profit Providers in Japan’s At-home Care Industry: Evidence on Quality of Service and Household Choice,” Economics Bulletin, vol.9, no.3, pp.1-13.
 
83. * Hori, Masahiro and Satoshi Shimizutani (2004). “Asset Holding and Consumption: Evidence from Japanese Panel Data in the 1990s,” Seoul Journal of Economics, vol.17, no.2, pp.153-179.
 
Miscellaneous:

 1. Shimizutani, Satoshi (2019). “Social Security Reforms and Elderly Employment in Japan,” VoxEU column.
 
2. Ichimura, Hidehiko, Yasuyuki Sawada and Satoshi Shimizutani (2016). “Conference on Economics of Ageing in Japan and other societies: Introduction” Japanese Economic Review, vol.67, issue 2, pp.147-149.
 
3. Shimizutani, Satoshi (2013). “The Future of Japan’s Long-term Care Insurance Program,” VoxEU column.
 
4. Shimizutani, Satoshi (2009). “Book review: Fiscal Policy and Management in East Asia, edited by Takatoshi Ito and Andrew K. Rose, University of Chicago Press, 2007” Journal of Pension Economics and Finance, vol.8, no.3, pp.398-399.
 
5. Shimizutani, Satoshi (2007). “Book review: Health Care Issues in the United States and Japan, edited by David A. Wise and Naohiro Yashiro, University of Chicago Press, 2006” Journal of Pension Economics and Finance, vol.6, no.3, pp.345-346.
 
6. Shimizutani, Satoshi (2006). ““New” Economics of Aging Needed Now” RIETI Columns 0152.
 
7. Shimizutani, Satoshi (2006). “New Economics of Aging - from the perspective of the elderly” RIETI Report No.073.
 
8. Oshio, Takashi and Satoshi Shimizutani (2005). “Social Security and Well-being of the Elderly in Japan,” NBER International Social Security Project: Phase IV.
 
9. Shimizutani, Satoshi (2002). “Consumption and Tax Policy In Japan During the 1990s: Evidence from Household Data,” Ph.D. dissertation submitted to University of Michigan.

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