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Satisfaction with the COVID-19 Economic Stimulus Policy: A Study of the Special Cash Payment Policy for Residents of Japan

School of Economics, Hiroshima University, 1-2-1 Kagamiyama, Hiroshima 739-8525, Japan
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Academic Editor: Luigi Aldieri
Sustainability 2022, 14(6), 3401; https://doi.org/10.3390/su14063401
Received: 4 February 2022 / Revised: 27 February 2022 / Accepted: 11 March 2022 / Published: 14 March 2022
The COVID-19 pandemic has caused a recession in the global economy. Many households have been experiencing financial difficulties. In order to curb its ripple effects on households, the Japanese government distributed a one-time cash payment of JPY 100,000 to every registered resident at the beginning of the pandemic. We utilized Hiroshima University’s Household Behavioral and Financial Survey in 2020 and 2021, and found that only 20% of the observations were satisfied with the one-time payment they received. We performed probit regression and found that those who were male, older, had a higher education level, and had anxiety about the future were less likely to be satisfied with this policy. Having a spouse, being a public official, and having higher household assets or better subjective health enhanced satisfaction with the policy. Our subsample analyses showed heterogeneity in satisfaction among various socioeconomic groups and in associations between their socioeconomic characteristics and policy satisfaction. The government should design future policies with due consideration of the challenges faced by various socioeconomic groups. View Full-Text
Keywords: COVID-19 pandemic; economic recession; economic stimulus policy; special cash payment program; Japan COVID-19 pandemic; economic recession; economic stimulus policy; special cash payment program; Japan
MDPI and ACS Style

Yuktadatta, P.; Ono, S.; Khan, M.S.R.; Kadoya, Y. Satisfaction with the COVID-19 Economic Stimulus Policy: A Study of the Special Cash Payment Policy for Residents of Japan. Sustainability 2022, 14, 3401. https://doi.org/10.3390/su14063401

AMA Style

Yuktadatta P, Ono S, Khan MSR, Kadoya Y. Satisfaction with the COVID-19 Economic Stimulus Policy: A Study of the Special Cash Payment Policy for Residents of Japan. Sustainability. 2022; 14(6):3401. https://doi.org/10.3390/su14063401

Chicago/Turabian Style

Yuktadatta, Pattaphol, Shunsuke Ono, Mostafa S.R. Khan, and Yoshihiko Kadoya. 2022. "Satisfaction with the COVID-19 Economic Stimulus Policy: A Study of the Special Cash Payment Policy for Residents of Japan" Sustainability 14, no. 6: 3401. https://doi.org/10.3390/su14063401

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