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Dr Shinichi Nishiyama

Formerly at Lancaster University

Shinichi Nishiyama

Research overview

My main research fields are macroeconomics, applied microeconomics, public finance, and computational economics. Since graduating with my Ph.D. from University of Pennsylvania in 2000, I have been studying the effects of the government’s fiscal policies on individual households in an economy with various individual risks. My primary tool for this research is a dynamic general-equilibrium overlapping-generations (OLG) model with heterogeneous agents, which is also called an incomplete market model. The model of this class has strength in evaluating a policy change that involves redistributions both within and across generations in the presence of uninsurable risks.

PhD supervision

I will be happy to help you if you are interested in analysing the effects of the government policy changes, such as public pension reform, healthcare reform, tax reform, and immigration policy reform, on the behaviour and wellbeing of individual households, income and wealth inequalities, the government budget, and/or the overall economy.

Career Details

Education

University of Pennsylvania, September 1995 – August 2000, Ph.D. in Economics, August 2000.

Fields: Macroeconomics, Family Economics, Computational Economics.
Dissertation: Altruism, Lifetime Uncertainty and Intergenerational Transfers.
Committee: José-Víctor Ríos-Rull (Chair), Richard Rogerson, Andrew B. Abel.

Keio University, B.A. in Economics, March 1984.

Fields: Empirical Microeconomics, Econometrics.
Thesis Advisor: Keiichiro Obi.

Working Experience

Senior Lecturer, Department of Economics, Management School, Lancaster University, August 2015 – Present.

Principal Analyst, Fiscal Policy Studies Unit, Macroeconomic Analysis Division, Congressional Budget Office, June 2012 – July 2015.

New York Life Assistant Professor of Risk Management and Insurance, J. Mack Robinson College of Business, Georgia State University, January 2009 – May 2012.

Assistant Professor of Risk Management and Insurance, J. Mack Robinson College of Business, Georgia State University, August 2005 – January 2009.

Principal Analyst, Fiscal Policy Studies Unit, Macroeconomic Analysis Division, Congressional Budget Office, July 2000 – August 2005.

Staff Economist/Analyst, Data Bank Bureau, Nihon Keizai Shimbun, Inc. (The Japan Economic Times, NIKKEI), April 1984 – June 1995.

Teaching Experience

Department of Risk Management and Insurance, Georgia State University

Mathematical Foundations of Actuarial Science (Probability Theory), Spring 2012, Spring 2011, Spring 2010, Spring 2009, Spring 2008, Spring 2007; Risk Modeling, Spring 2012, Spring 2011, Spring 2010; Dynamic General Equilibrium Modeling of Risk (Ph.D.), Fall 2011, Fall 2010, Spring 2009, Spring 2008; Loss Distributions and Credibility Theory (MS), Spring 2010; Theory of Risk, Spring 2008; Reading Seminar in Risk and Insurance (Ph.D.), Fall 2006; Computational Methods in Risk (Ph.D.), Fall 2006, Fall 2005; Risk Management Modeling (MBA, MS), Spring 2006; Probability Theory for Actuarial Science, Spring 2006.

Department of Economics, University of Pennsylvania

International Monetary Economics, Summer 1999; Microeconomic Theory, Summer 1998.

Other Academic Experience

Research Department, Federal Reserve Bank of Atlanta; Visiting Scholar, May – August 2010.

Institute of Economic Research, Hitotsubashi University; Visiting Researcher, November – December 2008; Global COE (Centers of Excellence) Researcher, January 2009 – March 2013.

Michigan Retirement Research Center, University of Michigan; Researcher, October 2005 – Present.

Faculty of Economics, University of Tokyo; CIRJE (Center for International Research on the Japanese Economy) Short-Term Visitor, November 2002.

Department of Economics, University of Pennsylvania

Recitation Instructor, Introductory Microeconomics, Fall 1998.
Teaching Assistant, International Economics, Spring 2000, Fall 1999, Spring 1998, Spring 1997; International Monetary Economics, Spring 1999; Introductory Macroeconomics, Fall 1996.

Fellowship and Awards

CBO Director’s Award (for a series of dynamic general-equilibrium Social Security reform analyses), Director Douglas Holtz-Eakin, Congressional Budget Office, 2005.

CBO Director’s Award (for a series of dynamic general-equilibrium tax policy analyses), Director Douglas Holtz-Eakin, Congressional Budget Office, 2004.

Division Award (for a contribution to “The Long-Term Budget Outlook,” December 2003), Macroeconomic Analysis Division, Congressional Budget Office, 2004.

Division Award (for a contribution to “An Analysis of the President’s Budgetary Proposals for Fiscal Year 2004,” March 2003), Macroeconomic Analysis Division, Congressional Budget Office, 2003.

The Paul Taubman Memorial Prize (for the best empirical research by a graduate student), Department of Economics, University of Pennsylvania, 2000.

Research Grants

The U.S. Social Security Administration / the Michigan Retirement Research Consortium (UM10-23), “The Joint Decision-Making of Married Couples and the Social Security Pension System,” $25,000, PI, September 30, 2009 – September 29, 2010.

The U.S. Social Security Administration / the Michigan Retirement Research Consortium (UM08-19), “The Optimal Design of Social Security,” with Kent Smetters, $100,000, Co-PI, September 30, 2007 – September 29, 2008.

The U.S. Social Security Administration / the Michigan Retirement Research Consortium (UM06-07), “Personal Social Security Accounts: Quantifying the Macro and Efficiency Effects II,” with Kent Smetters, $100,000, Co-PI, September 30, 2005 – September 29, 2006.

Current Research

Nishiyama, Shinichi, “Fiscal Policy Effects in a Heterogeneous-Agent OLG Economy with an Aging Population,” July 2015.  Revise and resubmission requested from the Journal of Economic Dynamics and Control.

Nishiyama, Shinichi, “The Joint Labor Supply Decision of Married Couples and the Social Security Pension System,” March 2015.  Under review.

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