NAOI Michio

写真a

Affiliation

Faculty of Economics (Mita)

Position

Associate Professor

Related Websites

External Links

Career 【 Display / hide

  • 2003.04
    -
    2006.03

    Keio University, Faculty of Economics, Research Associate

  • 2006.04
    -
    2009.03

    Keio University, Graduate School of Business and Commerce, Assistant Professor

  • 2006.04
    -
    2012.03

    Kanagawa University, Faculty of Economics,, Part-time Lecturer

  • 2009.04
    -
    2010.09

    Keio University, Faculty of Economics, Assistant Professor

  • 2010.01
    -
    2010.12

    Mitsubishi Economic Research Institute, Researcher

display all >>

Academic Background 【 Display / hide

  • 1997.04
    -
    2001.03

    Keio University, Faculty of Economics

    University, Graduated

  • 2001.04
    -
    2003.03

    Keio University, Graduate School, Division of Economics

    Graduate School, Completed, Master's course

  • 2003.04
    -
    2006.03

    Keio University, Graduate School, Division of Economics

    Graduate School, Withdrawal after completion of doctoral course requirements, Doctoral course

Academic Degrees 【 Display / hide

  • MA, Economics, Keio University, Coursework, 2003.03

  • Ph.D., Economics, Keio University, Coursework, 2008.06

 

Research Areas 【 Display / hide

  • Economic statistics

  • Economic policy

Research Keywords 【 Display / hide

  • Urban Economics

  • Applied Econometrics

 

Books 【 Display / hide

  • 人口変動と家族の実証分析

    津谷 典子, 菅 桂太, 四方 理人, 吉田 千鶴, 慶應義塾大学出版会, 2020.09,  Page: 384

    Scope: Chapter 3,  Contact page: 77-107

  • An Economic Analysis of Academic Ability, Non-Cognitive Ability, and Family Background

    Hideo Akabayashi, Michio Naoi, and Chizuru Shikishima, Yuhikaku Publishing Co., Ltd., 2016.06

  • 都市・地域・不動産の経済分析

    隅田 和人・直井 道生・奥村 保規, 慶應義塾大学出版会, 2014.03

    Scope: 編者, 第1章

  • Lessons in Sustainable Development from Japan and South Korea

    Hsu, Sara, Naoi, Michio, Zhang, Wenjie, Palgrave, 2014

  • Challenges of the Housing Economy: An International Perspective

    Naoi, Michio, John Wiley & Sons, 2012

    Scope: Chapter 4

display all >>

Papers 【 Display / hide

  • Natural hazard information and migration across cities: evidence from the anticipated Nankai Trough earthquake

    Naoi M., Sato K., Tanaka Y., Matsuura H., Nagamatsu S.

    Population and Environment (Population and Environment)  41 ( 4 ) 452 - 479 2020.06

    Research paper (scientific journal), Accepted,  ISSN  01990039

     View Summary

    © 2020, The Author(s). This paper examines the effects of the 2012 revisions to the damage predictions of an anticipated Nankai Trough megathrust earthquake on subsequent inter-municipality migration in Japan’s coastal areas. We find that an increase in predicted tsunami height—rather than anticipated seismic movements—after the 2012 revision is associated with a subsequent reduction in net migration. While the reducing effect of tsunami predictions on in-migration persisted throughout the study period, the effect on out-migration was only temporary. Moreover, working-age people are more likely to respond to tsunami risk and avoid moving to municipalities with a high tsunami risk after the revisions.

  • Subject variety and incentives to learn: Evidence from public high school admission policies in Japan

    Akabayashi H., Naoi M.

    Japan and the World Economy (Japan and the World Economy)  52 2019.12

    Research paper (scientific journal), Accepted,  ISSN  09221425

     View Summary

    © 2019 Elsevier B.V. This paper provides evidence on whether mandating wider subject variety on high school entrance exams affects long-term educational achievement using Japanese historical experiences. In Japan, where high school education is non-compulsory, prefectural boards of education have retained the freedom to set admission criteria for public high schools within their prefecture, including the number of subjects tested on entrance exams. Using prefectural-level panel data, we estimate the effect of the number and choice of subjects tested at the time of high school entrance on the probability of college attendance three years later. We find that the variety of subjects tested has a positive effect on the later college enrollment. Our findings are broadly consistent with the incentive theory of testing (Lazear, 2006) and the empirical results from other countries.

  • Household mortgage demand: a study of the UK, Australia and Japan

    Naoi M., Tiwari P., Moriizumi Y., Yukutake N., Hutchison N., Koblyakova A., Rao J.

    International Journal of Housing Markets and Analysis (International Journal of Housing Markets and Analysis)  12 ( 1 ) 110 - 130 2019.02

    Research paper (scientific journal), Accepted,  ISSN  17538270

     View Summary

    © 2018, Emerald Publishing Limited. Purpose: Homeownership has been the main focus of housing policies in most countries. Typical means that households use to achieve homeownership is to take out a loan and supplement this with accumulated wealth for a downpayment. This paper aims to analyze the mortgage demand behavior of households in the UK, Australia and Japan. Design/methodology/approach: Using three panel data sets, HILDA for Australia, KHPS for Japan and USS for the UK, the paper estimates three equations using ordinary least squares: mortgage demand function, housing demand function and initial loan to value ratio function. Findings: Though homeownership is a preferred tenure and the mortgages are “recourse” loans, housing markets in these three countries operate in different mortgage market institutional structures. Results indicate that income elasticity of mortgage demand differ despite income elasticity of housing demand being similar. Different mortgage institutions in countries that pose constraints for borrowers also determine mortgage demand. Other factors such as demography and economic conditions have also played an important role in determining mortgage and housing demand. Originality/value: The paper is first, to the authors’ knowledge, that explores the role of institutions in mortgage demand in a comparative framework for the UK, Japan and Australia.

  • The Asymmetric Housing Wealth Effect on Childbirth

    Shinichiro Iwata and Michio Naoi

    Review of Economics of the Household forthcoming   1 - 25 2017

    Research paper (scientific journal), Joint Work, Accepted

  • Toward an International Comparison of Economic and Educational Mobility: Recent Findings from the Japan Child Panel Survey

    Akabayashi, H., R. Nakamura, M. Naoi and C. Shikishima

    Educational Studies in Japan 100   49 - 66 2016

    Research paper (scientific journal), Joint Work, Accepted

display all >>

Papers, etc., Registered in KOARA 【 Display / hide

display all >>

Research Projects of Competitive Funds, etc. 【 Display / hide

  • Search and Matching in the Market for Existing Homes

    2016.04
    -
    2020.03

    Grant-in-Aid for Scientific Research, Michio Naoi, Research grant, Principal Investigator

  • Microeconometric Analysis of Homeownership and Household Behavior

    2013.04
    -
    2016.03

    Grant-in-Aid for Scientific Research, Michio Naoi, Research grant, Principal Investigator

  • Household’s Income Risk and Mortgage Demand

    2010.04
    -
    2012.03

    Japan Housing Finance Agency, 「住宅・金融フォーラム」研究助成, Michio Naoi, Research grant, Principal Investigator

  • Empirical analysis of earthquake and crime risks in the real estate market

    2007.04
    -
    2009.03

    Grant-in-Aid for Scientific Research, Michio Naoi, Research grant, Principal Investigator

Awards 【 Display / hide

  • Sakashita Prize

    Michio Naoi, 2017.11, Applied Regional Science Conference

    Type of Award: Awards of National Conference, Council and Symposium.  Country: Japan

  • Best Paper Award at the AREUEA-AsRES 2009 Joint International Conference (Maury Seldin Advanced Studies Institute Award)

    Naoi, Michio, Seko, Miki, Sumita, Kazuto, 2009.07, American Real Estate and Urban Economics Association, Residential Mobility Decision in Japan: Identifying the Effects of Housing Equity Constraints and Income Shocks Under the Recourse Loan System

    Type of Award: International Academic Awards

  • European Real Estate Society, Journal of Property Research Prize for the Best Paper in Real Estate Economics

    Naoi, Michio, Seko, Miki, Sumita, Kazuto, 2007.12, European Real Estate Society, Earthquakes and the Quality of Life in Japan

    Type of Award: International Academic Awards

 

Courses Taught 【 Display / hide

  • RESEARCH SEMINAR A

    2020

  • ELEMENTARY MACROECONOMICS 1

    2020

  • RESEARCH SEMINAR B

    2020

  • URBAN ECONOMICS B

    2020

  • URBAN ECONOMICS A

    2020

display all >>

 

Memberships in Academic Societies 【 Display / hide

  • American Economic Association, 

    2011
    -
    Present
  • Japan Association for Real Estate Sciences, 

    2011
    -
    Present
  • American Real Estate and Urban Economics Association, 

    2008
    -
    Present
  • Applied Regional Science Conference (ARSC), 

    2005
    -
    Present
  • Asian Real Estate Society, 

    2005
    -
    Present

display all >>

Committee Experiences 【 Display / hide

  • 2016

    Program Committee for the 21st International Conference, Asian Real Estate Society

  • 2015

    2015年度研究発表大会 実行委員長, 応用地域学会

  • 2014

    2014年度秋季大会 プログラム委員, 日本経済学会

  • 2013
    -
    Present

    編集委員, 季刊住宅土地経済

  • 2013
    -
    Present

    研究委員, (公財)日本住宅総合センター

display all >>