 | YAMADA KatsunoriDepartment of Economics Professor | ||
Last Updated :2024/04/25
Researcher Information
Degree
URL
Research funding number
- 80533603
J-Global ID
Profile
- My research is at the intersection of macroeconomics, behavioral/experimental economics, and computational neuroscience. I hope it's not an empty set.
Research Interests
- 行動経済学 Neuro economics 脳プロ マクロ経済学
Research Areas
Academic & Professional Experience
- 2021/04 - Today Kindai UniversityFaculty of EconomicsProfessor
- 2014/04 - 2021/03 Kindai UniversityFaculty of EconomicsAssociate Professor
- 2011/04 - 2014/03 Osaka UniversityThe Institute of Social and Economic Research講師
- 2013/08 - 2013/11 Academia SinicaVisiting researcher
- 2012/11 - 2013/07 Universitat Autonoma de BarcelonaVisiting researcher
- 2008/10 - 2011/03 Osaka UniversityThe Institute of Social and Economic Research特任研究員（常勤）
- 2010/10 - 2010/10 Paris School of EconomicsVisiting researcher
- 2006/04 - 2008/09 Osaka UniversityGraduate School of Economics日本学術振興会特別研究員(PD)
- 2000/04 - 2000/12 Bank of Tokyo Mitsubishi
Education
- 2001/04 - 2006/03 Kyoto University Graduate School of Economics
- 1996/04 - 2000/03 Kyoto University Department of Economics
Association Memberships
Published Papers
- Shuhei Kitamura; Katsunori YamadaAmerican Psychologist Oneline first 1 - 15 2023/12 [Refereed]
- Clark A; C. Senik; K. YamadaJapanese Economic Review 73 351 - 372 2022 [Refereed]
- Pronoun Drop and Prosocial Behavior: Experimental Evidence from JapanHe, T; J. Riyanto; S. C. Tanaka; K. YamadaJournal of the Economic Science Association 6 13 - 25 2020 [Refereed]
- Shigeoka, H; K. YamadaJournal of Economic Behavior and Organization 164 414 - 438 2019/08 [Refereed]
- Ono, Y; K. YamadaAustralian Economic Papers 57 (3) 346 - 362 2018/07 [Refereed]
- Jung, S; Y. Nakamoto; M. Sato; K. YamadaInternational Journal of Applied Behavioral Economics 7 (2) 2018 [Refereed]
- Andrew E. Clark; Claudia Senik; Katsunori YamadaJOURNAL OF BEHAVIORAL AND EXPERIMENTAL ECONOMICS ELSEVIER SCIENCE INC 70 1 - 9 2214-8043 2017/10 [Refereed]
While there is now something of a consensus in the economics of happiness literature that income comparisons to others help determine subjective well-being, debate continues over the relative importance of own and reference-group income, in particular in research on the Easterlin paradox. The variety of results in this domain have produced some scepticism regarding happiness analysis, and in particular with respect to the measurement of reference-group income. We here use data from an original Internet survey in Japan to compare the relative-income results from happiness regressions to those from hypothetical-choice experiments. This kind of validation of experienced utility via direct comparison with decision utility remains rare in this literature. (C) 2017 Elsevier Inc. All rights reserved. - Fumio Ohtake; Katsunori Yamada; Shoko YamaneJAPANESE ECONOMIC REVIEW WILEY-BLACKWELL 67 (4) 403 - 417 1352-4739 2016/12 [Refereed]
Considering the case of the Great East Japan Earthquake, we use the experienced-utility approach to appraise the psychological distress from disaster-related news. We take advantage of the serendipitous timing of our original nationwide weekly panel survey that became a fitting resource for the investigation of subjective well-being in the immediate aftermath of the earthquake. Although all of Japanese society was affected, we found geographical heterogeneity between the affected areas (Sendai and Tokyo) and the unaffected areas in terms of mental costs. Our finding reminds us of the focusing effect (Kahneman et al., 2006; Dolan and Kahneman, 2008) as captured by Schkade and Kahneman (1998) in the maxim "Nothing in life is quite as important as you think it is while you are thinking about it". - Saori C. Tanaka; Katsunori Yamada; Ryo Kitada; Satoshi Tanaka; Sho K. Sugawara; Fumio Ohtake; Norihiro SadatoSCIENTIFIC REPORTS NATURE PUBLISHING GROUP 6 (21321) 1 - 8 2045-2322 2016/02 [Refereed]
There are various methods by which people can express subjective evaluations quantitatively. For example, happiness can be measured on a scale from 1 to 10, and has been suggested as a measure of economic policy. However, there is resistance to these types of measurement from economists, who often regard welfare to be a cardinal, unbounded quantity. It is unclear whether there are differences between subjective evaluation reported on ordinal, bounded scales and on cardinal, unbounded scales. To answer this question, we developed functional magnetic resonance imaging experimental tasks for reporting happiness from monetary gain and the perception of visual stimulus. Subjects tended to report higher values when they used ordinal scales instead of cardinal scales. There were differences in neural activation between ordinal and cardinal reporting scales. The posterior parietal area showed greater activation when subjects used an ordinal scale instead of a cardinal scale. Importantly, the striatum exhibited greater activation when asked to report happiness on an ordinal scale than when asked to report on a cardinal scale. The finding that ordinal (bounded) scales are associated with higher reported happiness and greater activation in the reward system shows that overstatement bias in happiness data must be considered. - Xavier Fontaine; Katsunori YamadaWORLD DEVELOPMENT PERGAMON-ELSEVIER SCIENCE LTD 64 407 - 419 0305-750X 2014/12 [Refereed]
This paper evaluates how caste influences economic comparisons in India. Using happiness data from an original panel survey, we find that both within-caste comparisons and between-caste comparisons reduce well-being. Between-caste comparisons reduce well-being three times more than within-caste comparisons. In absolute terms, an increase in rival caste expenditures affects well-being as much as primary expenditure. These findings highlight the strong influence that comparisons between rival castes have on well-being. Yet this comparison scheme turns out to be asymmetrical: only low-caste individuals are affected by the economic successes of their rivals, whereas only higher-caste individuals compete with their fellows. (C) 2014 Elsevier Ltd. All rights reserved. - Saori C. Tanaka; Katsunori Yamada; Hiroyasu Yoneda; Fumio OhtakeJOURNAL OF NEUROSCIENCE SOC NEUROSCIENCE 34 (16) 5595 - 5602 0270-6474 2014/04 [Refereed]
Humans typically discount future gains more than losses. This phenomenon is referred to as the "sign effect" in experimental and behavioral economics. Although recent studies have reported associations between the sign effect and important social problems, such as obesity and incurring multiple debts, the biological basis for this phenomenon remains poorly understood. Here, we hypothesized that enhanced loss-related neural processing in magnitude and/or delay representation are causes of the sign effect. We examined participants performing intertemporal choice tasks involving future gains or losses and compared the brain activity of those who exhibited the sign effect and those who did not. When predicting future losses, significant differences were apparent between the two participant groups in terms of striatal activity representing delay length and in insular activity representing sensitivity to magnitude. Furthermore, participants with the sign effect exhibited a greater insular response to the magnitude of loss than to that of gain, and also a greater striatal response to the delay of loss than to that of gain. These findings may provide a new biological perspective for the development of novel treatments and preventive measures for social problems associated with the sign effect. - Katsuhiko Hori; Katsunori YamadaJAPANESE ECONOMIC REVIEW WILEY-BLACKWELL 64 (3) 295 - 318 1352-4739 2013/09 [Refereed]
We extend a second-generation Schumpeterian growth model to incorporate human capital accumulation to clarify the general equilibrium effects of subsidy policies on human capital accumulation and R&D activities in a unified framework. Despite the conventional argument that subsidies always stimulate these growth-promoting activities, we find that subsidies asymmetrically affect human capital accumulation and R&D activities. Our theoretical results suggest that research using standard models of human capital might find false negative relationships between education subsidies and economic growth. - Katsunori Yamada; Masayuki SatoJOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION ELSEVIER SCIENCE BV 89 (C) 35 - 57 0167-2681 2013/05 [Refereed]
We propose a new avenue for studying income comparisons effects, namely hypothetical discrete choice experiments in which respondents are presented with alternative combinations of hypothetical monthly income amounts, both for themselves and certain reference persons. With this experimental method we can avoid the problems associated with researcher-imposed reference persons' incomes that are found in most of the happiness studies testing comparison effects. This approach allows investigation of the differences in comparison effects across types of reference groups as well as respondents' individual characteristics, including specific comparison benchmarks, which are the main open questions in the literature. Some results from our original, large-scale, Internet-based survey are provided. (C) 2013 Elsevier B.V. All rights reserved. - Masayuki Sato; Sovannroeun Samreth; Katsunori YamadaInternational Journal of Sustainable Development 15 (4) 293 - 312 0960-1406 2012/10 [Refereed]
This paper presents a numerical examination of sustainability from the perspective of 'genuine savings', using a dataset provided by the World Bank. Unlike previously-used criteria of sustainability that focus on observed paths of genuine savings rates, we consider future sustainability by simulating future paths of genuine savings. This analysis shows that some countries that had been classified as being sustainable by previous studies, using observed paths, are in fact, not sustainable from the perspective of future sustainability. We provide information on capital components which should be targeted by policy makers in order to maintain future sustainability. Copyright © 2012 Inderscience Enterprises Ltd. - Hiroki Arato; Katsunori YamadaREVIEW OF ECONOMIC DYNAMICS ACADEMIC PRESS INC ELSEVIER SCIENCE 15 (4) 459 - 478 1094-2025 2012/10 [Refereed]
This paper estimates the economic value in the 1980s and 1990s of corporate assets in Japan, including both tangible and intangible assets, based on the neoclassical framework of McGrattan and Prescott (2005). Our estimates use a new micro-data set that comprises the accounting statements of all listed, non-financial companies in Japan. We find that in 1980-1986, a period that immediately preceded Japan's so-called "bubble economy", our assessed value of corporate productive assets, net of the value of corporate debt, is approximately equal to the actual stock market value of Japanese corporate equity. The finding differs from previous results based on studies of aggregate data sets or based on studies of micro-data sets that neglected intangible capital. We also show that the Japanese ratio of the amount of intangible capital stock to the amount of tangible capital stock is comparable to the analogous ratios for the U.S. and U.K. (C) 2012 Elsevier Inc. All rights reserved. - Katsunori YamadaJOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION ELSEVIER SCIENCE BV 67 (1) 322 - 337 0167-2681 2008/07 [Refereed]
This paper presents a dynamic general equilibrium model in which consumers have status preference. I investigate the manner in which capital accumulation is impeded by conspicuous consumption ala Comeo and Jeanne [Corneo, G., Jeanne, 0., 1997a. Conspicuous consumption, snobbism and conformism. Journal of Public Economics 66, 55-71]. Following the literature, social norms are given as either bandwagon type or snob type. I show that when the economy is characterized by a bandwagon type social norm, capital accumulation exhibits interesting patterns. Those patterns include, for example, an oscillating convergence path: the rise of the economy feeds its decay through conspicuous consumption and that decay suppresses conspicuous consumption and engenders prosperity, as predicted by Sombart [Sombart, W., 1912. Liebe, Luxus und Kapitalismus, Deutscher Taschenbuch Verlag, Germany (reprinted 1967)]. (C) 2007 Elsevier B.V. All rights reserved. - Katsunori YamadaEconomics Bulletin 4 (38) 1 - 10 2006 [Refereed]
- Takashi Saito; Atsushi Sannabe; Katsunori YamadaEconomics Bulletin 4 (17) 1 - 20 2006 [Refereed]
- Katsunori YamadaEconomics Bulletin 15 (11) 1 - 9 2005 [Refereed]
MISC
- Mcalinn, K; Naghavi, A. J; Pignataro, G; Sugasawa, S; Yamada, K PsyArXiv 2023/11
- 山田克宣 週刊東洋経済 2021/12
- Katsunori Yamada Kavli Frontier of Science 2016/12
- 技術力や組織力、ブランド… 日本の「真の生産能力」とは山田克宣 日経ビジネス（気鋭の経済論点） (7/11) 124 -125 2016/07 [Invited]
- 山田克宣 NIPS Research 2016/05
- ニック・ポータヴィー著『幸福の計算式』（書評）山田克宣 季刊 家計経済研究 95- 2012/07 [Invited]
- 社会的地位選好と職業選択のある内生的成長モデル：信用市場が不完備であるケースにつ いての分析山田克宣 京都大学経済論叢 176- (2) 147 -165 2006/08 [Refereed]
Awards & Honors
Research Grants & Projects
- 経済実験と非侵襲脳活動イメージングによる言語が社会効用に与える影響の解明文部科学省：若手研究A (16H05951)Date (from‐to) : 2016/04 -2020/03Author : 山田克宣
- Japan Society for the Promotion of Science：Grants-in-Aid for Scientific ResearchDate (from‐to) : 2014/04 -2018/03Author : HORI Katsuhiko; DOI Junko; YAMADA KatsunoriWe have constructed growth models, explicitly incorporating the firm life cycle of "entry -> production and R&D -> exit", in order to investigate the effects of the changes in the economic environment on the R&D activities (and growth) and the exit of firms. In this framework, we have derived more complex and diverse relationships between the R&D activities and the exit of firms, which cannot be captured from the conventional viewpoint that the entry of firms developing new technology directly leads to the exit of existing firms.
- 貧困の罠がある資本蓄積モデルのマクロ経済実験MEXT：Challenging Exploratory ResearchDate (from‐to) : 2014/04 -2016/03Author : Katsunori Yamada
- Japan Society for the Promotion of Science：Grants-in-Aid for Scientific ResearchDate (from‐to) : 2011/04 -2015/03Author : KAWAWAKI (TANAKA) Saori; OHTAKE Fumio; NARUMOTO Jin; YAMADA KatsunoriTo verify whether “happiness” can be described in a biological measurements, I conducted experiments to measure the economic utility, social and biological attribute data, and neural activities during economics decision-making both in non-social/social situations. I found that parietal cortex and the striatum is involved in subjective or non-social utility, also that insular cortex and the dorsolateral prefrontal cortex is involved in social preference and its activities varies depending on personal attributes such as gender. In order to test the detailed functions of these brain areas, I conducted preliminary neurofeedback experiments with fMRI, suggest the activities of the striatum involving subjective utility might change some decision-making measurements.
- 主観的幸福度アプローチと仮想離散選択実験による相対効用効果の推定MEXT：Grant-in-Aid for Young Scientists (A)Date (from‐to) : 2012/04 -2015/03Author : Katsunori Yamada
- 非侵襲脳活動イメージングと仮想離散選択実験による社会効用の神経基盤の解明MEXT：Challenging Exploratory ResearchDate (from‐to) : 2012/04 -2014/03Author : Katsunori Yamada
- 社会的地位選好論の動学分析と実証研究文部科学省：若手スタートアップ (21830057)Date (from‐to) : 2009 -2010Author : 山田克宣