Research

Publications

1. The Growth Effects of Capital Income Tax-funded Pension Program under Endogenous Retirement. 

Economics Bulletin, 45(4), 2120-2128. 2025.

2. Government Expenditure Composition and Long-Run Economic Growth in the Aging Democracy. 

Economic Modelling, 149, 107119. 2025. (Joint with Toshiki Tamai)

Working Papers

1. The Effects of Postponing Retirement on Economic Growth under Executive Orders. (Under Review)

 [Latest version: December 2025] 

2. Equilibrium Leadership in Tax Competition: The Role of Capital-labor Substitution/Complement. (Joint with Yuya Kikuchi and Toshiki Tamai)

[First version: April 2025]