The Impact of Generation Turnout for Financial Deficit: Positive Analysis Using Japanese Prefectural Panel Data

Abstract

Currently, Japan has been plagued by chronic budget deficit. The cause of this is not only economic factors, it is also determined by political factors. In this paper, we want to pay attention to political power gap between the generations in conjunction with conventional research on fragmented hypothesis. Whilst verifying the fragmented hypothesis, we will be using the prefecture turnout in to place a member of the House of Representatives general election from 2003, 2005 and 2009 to verifying the impact of generational voting rate has on the primary budget deficit did. From the results of the positive analysis, the reduction of intergenerational political power disparities, it was confirmed that the primary fiscal deficit is likely to suppress.