The role of pawnshops in risk coping in early twentieth-century Japan

@article{Inoue2021TheRO,
  title={The role of pawnshops in risk coping in early twentieth-century Japan},
  author={Tatsuki Inoue},
  journal={Financial History Review},
  year={2021},
  volume={28},
  pages={319 - 343}
}
  • Tatsuki Inoue
  • Published 11 May 2019
  • Economics, Business
  • Financial History Review
This study examines the role of pawnshops as a risk-coping device in Japan in the early twentieth century, when the poor were very vulnerable to unexpected shocks such as illness. In contrast to European countries, Japanese pawnshops were the primary financial institution for low-income people up to the 1920s. Using data on pawnshop loans for more than 250 municipalities and exploiting the 1918–20 influenza pandemic as a natural experiment, we find that the adverse health shock increased the… 

References

SHOWING 1-10 OF 119 REFERENCES
Work and prudence: Household responses to income variation in nineteenth-century Britain
A survey of industrial households conducted in 1889–90 is used to investigate participation in self-help organisations, such as sickness and death benefit clubs and friendly societies, and to examine
Chain effects of clean water: The Mills-Reincke phenomenon in early twentieth-century Japan
TLDR
By analyzing city-level cause-specific mortality data from 1922-1940, it is found that a decline in typhoid deaths by one per 1,000 people decreased the risk of death due to non-waterborne diseases such as tuberculosis and pneumonia by 0.742-2.942 per 1-000 people.
Credit for the poor: the decline of pawnbroking 1880–1930
This article is an attempt to explain the decline in pawnbroking over the late nineteenth-century and early twentieth-century Europe, using detailed evidence from Karlskrona in Sweden, 1880–1930. I
The impact of social workers on infant mortality in inter-war Tokyo: Bayesian dynamic panel quantile regression with endogenous variables
Although no comprehensive sickness insurance system existed in Japan until the mid-twentieth century, the infant mortality rate in Japan started to decline from the early twentieth century onwards,
Early twentieth-century Japanese worker saving: precautionary behaviour before a social safety net
This paper pools data from independent household surveys of Japanese workers roughly spanning the Taishō period (1912–1926), a time before private-business or government-provided social safety nets.
Informal transfers, men, women and children: Family economy and informal social security in early 20th century Finnish households
Due to their role in discussions on community solidarity and social security in rich and poor countries alike, informal transfers between households have gradually become established as a research
The impact of the 1918 Spanish flu epidemic on economic performance in Sweden: an investigation into the consequences of an extraordinary mortality shock.
TLDR
The 1918 influenza pandemic led to a significant increase in poorhouse rates and there is evidence that capital returns were negatively affected by the pandemic, but contrary to predictions, there is no discernible effect on earnings.
Historical Origins of a Welfare-State Regime: Unemployment Protection in Japan, 1919–1949
Although Japan since the 1920s witnessed unemployment, no system of unemployment insurance existed in Japan until after the end of World War II. Historians of welfare and labor have taken this to
Institutional Choice Matters: The Poor Law and Implicit Labor Contracts in Victorian Lancashire
Abstract This paper augments previous research on the use of public relief as insurance during industrial downturns by looking at the timing of movement to public relief over the course of the
Household Debt in Early Modern Germany: Evidence from Personal Inventories
The “less-developed” interior of early modern Europe, especially the rural economy, is often regarded as financially comatose. This article investigates this view using a rich data set of marriage
...
1
2
3
4
5
...