Takashi Yamashita's Web Page
Welcome to my page. I'm a Visiting Associate Professor of Economics at Reed College in Portland, OR. My research focuses on household wealth and portfolio choice and how households cope with aggregate shocks. I take the life-cycle theory seriously, and as a result, I'm also interested in issues surrounding individual's life-cycle (education, residential choice, health, retirement, etc.).
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Look what happened to the M1 Multiplier! It's now less than 1. Who said banks are lending and there is a glimmer of hope? Politicians have to say that, but if you look at data, the picture is grim.
About me and my research
Education
University of California, San Diego
Ph.D. (Economics) September 1999
Centro de Enseñanza para Extranjeros, UNAM, Mexico City, Mexico
Intensive Spanish language courses 1986
Columbia University, School of International and Public Affairs
Master of International Affairs October 1984
International Christian University, Tokyo, Japan
B.A. (Political Science) June 1982
University of California, Berkeley
Exchange student in junior year under Education Abroad Program: 1980-81
Publications (in refereed journals)
“Owner-Occupied Housing and the Composition of the Household Portfolio” (with Marjorie Flavin). American Economic Review, Vol. 92, No. 1, March 2002, pp. 345-362. 
“Owner-Occupied Housing and Investment in Stocks: An Empirical Test.” Journal of Urban Economics, Vol. 53, No. 2, March 2003, pp. 220-237. 
“House Price Appreciation, Liquidity Constraints and Second Mortgages.” Journal of Urban Economics, Vol. 62, No. 3, November 2007, pp. 424-440.
Working Papers
“Keeping up with the Joneses in McMansions: Changes in Wealth Inequality between College and High-School Graduates.” (revised as of April, 2009)
“Owner-Occupied Housing: Life-Cycle Implications for the Household Portfolio.” (with Marjorie Flavin)
"The Effect of the G.I. Bill on Homeownership of WWII Veterans." 
“Imperfect Substitution and Age-Differential Changes in the Wage Structure.”
“The Effects of the Great Depression on Educational Attainment.”
“Primogeniture, Sibling Rivalry and Educational Attainment in Early 20th Century Japan.”
“Sibship Size and Health Outcomes in Later Life among the Mexican Elderly.”
“Labor Market Experience of Japanese American Men in the 1940s: Before and After the Internment.”