Theorizing Leisure's Roles in the Pursuit of Ikigai (Life Worthiness): A Mixed-Methods Approach

The purpose of this mixed-methods research project is to theorize the linkage between leisure experience and life worthiness, or what the Japanese call ikigai. A grounded theory analysis of photo-elicitation interview data from 27 Japanese university students led to the inductive development of a substantive theory. This theory was then tested based on online survey data collected from 669 Japanese students using structural equation modeling. Results indicate that leisure pursuits enhance students’ perception of ikigai when they are valued as enjoyable and/or effortful. Moreover, the balance between overall enjoyment and/or effort is found to be a key mediator in the relationship between valuable leisure experience and life worthiness. Ikigai comprises the subjective perceptions that one's daily life is worth living and that it is full of energy and motivation. Our findings are discussed in light of relevant leisure and well-being theories as well as their implications for practice.     

Empirical investigation of the relationship between serious leisure and meaning in life among Japanese and Euro-Canadians

ABSTRACT

Serious leisure (SL) is a specific leisure experience characterised by perseverance, leisure career, personal effort, durable benefits, unique ethos, and identification with the activity. As it results in self-actualisation and self-expression, Robert Stebbins has proposed that SL does not only increase participants’ hedonic well-being (e.g. pleasant feelings), but also enhance their eudaimonic well-being [e.g. meaning in life (MIL), self-expressiveness, virtue]. Although this argument makes logical sense, it has not been empirically tested. The purpose of this research is to empirically examine the relationship between SL and eudaimonic well-being focusing on MIL. We used data from 207 Japanese and 202 Euro-Canadian middle-aged and older adults collected through a cross-sectional online survey. After multi-group confirmatory factor analysis, multiple mediation analyses were conducted to test whether SL core characteristics impacted MIL or its sub-dimensions (i.e. purpose, coherence, and significance) both directly and indirectly via personal and interpersonal rewards of SL. Results suggested that among Japanese, SL was positively related to MIL both directly and indirectly via SL’s personal rewards. Among Euro-Canadians, the direct link was limited to only a few MIL sub-dimensions, and indirect effects were not significant. These mixed results were discussed in relation to SL, eudaimonic well-being, and culture.     

Endogenous party structure

This paper proposes a model of two-party representative democracy on a single-dimensional political space, in which voters choose their parties in order to influence the parties’ choices of representative. After two candidates are selected as the median of each party’s support group, Nature determines the candidates’ relative likability (valence). Based on the candidates’ political positions and relative likability, voters vote for the preferable candidate without being tied to their party’s choice. We show that (1) there exists a nontrivial equilibrium under natural conditions, and (2) the equilibrium party border and the ex ante probabilities of the two-party candidates winning are sensitive to the distribution of voters. In particular, we show that if a party has a more concentrated subgroup, then the party tends to alienate its centrally located voters, and the party’s probability of winning the final election is reduced. Even if voter distribution is symmetric, an extremist party (from either side) can emerge as voters become more politically divided.     

Fiscal policy switching in Japan, the US, and the UK

This paper estimates fiscal policy feedback rules in Japan, the United States, and the United Kingdom for more than a century, allowing for stochastic regime changes. Estimating a Markov-switching model by the Bayesian method, we find the following: First, the Japanese data clearly reject the view that the fiscal policy regime is fixed, i.e., that the Japanese government adopted a Ricardian or a non-Ricardian regime throughout the entire period. Instead, our results indicate a stochastic switch of the debt-GDP ratio between stationary and nonstationary processes, and thus a stochastic switch between Ricardian and non-Ricardian regimes. Second, our simulation exercises using the estimated parameters and transition probabilities do not necessarily reject the possibility that the debt-GDP ratio may be nonstationary even in the long run (i.e., globally nonstationary). Third, the Japanese result is in sharp contrast with the results for the US and the UK which indicate that in these countries the government’s fiscal behavior is consistently characterized by Ricardian policy.     

Workforce motivation in Japan: an examination of gender differences and management perceptions

As Japan enters the new century, pending workforce shortages – a function of low birth rates and an aging population – increase the need to address gender issues in organizations. Throughout the past four decades, the number of female workers in Japan has been growing, although full-time female participation in the Japanese workforce remains below the levels of some other industrialized nations. Despite the growing importance that the Japanese female labor force is expected to play, relatively little is known about women's attitudes toward work motivation in Japan. Using a two-factor, Herzberg intrinsic/extrinsic approach to motivation, we examine the applicability of such a model in Japan, and compare the attitudes of female and male workers, as well as management and non-management. Our findings include: (1) support for the applicability of a Herzberg, two-factor model in Japan; (2) Japanese men in the workforce tending to value intrinsic motivators more than extrinsic factors; (3) female workers in Japan rating extrinsic factors higher than their male counterparts; and (4) managers' opinions of what motivates employees not constituting a refined match to those of female employees, especially with respect to extrinsic motivation. In multi-gender Japanese organizations, management will potentially benefit from a better understanding and functional integration of important gender nuances into their motivation strategies.     

On the role of job assignment in a comparison of education systems

Abstract This paper re‐examines how differences in systems for financing education influence GDP by highlighting a neglected function of education policy: it affects the magnitude of gains from job assignment. When more productive jobs demand more skill, privately financed education can increase productivity gains from matching between jobs and skill by increasing the availability of highly educated people. This differs from the standard argument that publicly financed education increases the total amount of human capital by equalizing educational opportunities. It is shown that if job opportunities have large variations in productivity, education policy may face a serious efficiency–equity trade‐off.     

Intraday seasonality in activities of the foreign exchange markets: Evidence from the electronic broking system

This paper examines intraday patterns of the exchange rate behavior, using the “firm” bid–ask quotes and transactions of USD-JPY and Euro-USD recorded in the electronic broking system of the spot foreign exchange markets. The U-shape of intraday activities (deals and price changes) is confirmed for Tokyo and London participants, but not for New York participants. Activities do not increase toward the end of business hours in the New York market, even on Fridays (ahead of weekend hours of non-trading). Return volatility is found to have intraday patterns similar to those of activities, and volatility and the bid–ask spread is negatively correlated. A negative correlation is observed between the number of deals and the width of bid–ask spread during business hours. It is also found that the concentration of transaction during overlapping business hours between Tokyo and London markets (London and New York markets) may arise from heterogeneous expectations among participants from different regions. J. Japanese Int. Economies 20 (4) (2006) 637–664.     

Comparing the Impact of the September 11th Terrorist Attacks on International Airline Demand

This article compares the impact of the September 11th terrorist attacks and its after‐effects on airline demand in the Australia, Canada, Europe, Japan and the US. Using a variety of time‐series data, we compare how changes in risk perception following the attacks impacted domestic and international demand. Moreover, we decompose the terrorist attacks’ effects into their transitory and ongoing components on airline demand.