Participant Profile

Kimiko Terai
Research Fields: Public Economics, Political EconomyGraduated from the Faculty of Education, Tokushima University in 1985. Completed the Doctoral Programs at the Graduate School of Economics, the University of Tokyo in 2003, earning a Ph.D. in Economics. After serving as an associate professor and professor at the Faculty of Business Administration, Hosei University, she has held her current position since 2012.

Kimiko Terai
Research Fields: Public Economics, Political EconomyGraduated from the Faculty of Education, Tokushima University in 1985. Completed the Doctoral Programs at the Graduate School of Economics, the University of Tokyo in 2003, earning a Ph.D. in Economics. After serving as an associate professor and professor at the Faculty of Business Administration, Hosei University, she has held her current position since 2012.
Discovering My Research Theme and Its Appeal
It all started when my parents were hospitalized, which made me aware of the existence of social insurance. I began to wonder, "How is it possible to receive such advanced medical treatment without a significant financial burden?" and "How does this insurance system actually work?" As a graduate of a faculty of education, I was interested in disciplines that delve deeply into the human condition, such as psychology, literature, and pedagogy. However, this experience inspired me to study the social sciences, and at the age of 30, I enrolled as an undergraduate in the Faculty of Economics. My current research themes now include not only the social security system but also a wide range of government economic activities and policies.
Public economics offers methods for determining the second-best allocation of resources when constraints on available policy tools prevent the achievement of the optimal allocation. Even as the economic environment changes rapidly, it allows us to identify the most desirable policy within the available options. Furthermore, by using a political economy approach, we can find clues to identify the political factors hindering the implementation of desirable policies and how to move closer to their realization. Applying the theoretical framework of economics to contemplate even slightly better ways for society to be and how to approach them is incredibly enjoyable and endlessly fascinating.
A Message for Students
I think it's a waste to limit your thinking or to feel secure just by doing the same things as everyone else. However, just talking about big ideas without achieving results is unfulfilling for oneself. I hope that you will think big, and then not neglect the meticulous planning and effort required to make those ideas a reality, growing steadily and righteously as individuals living in society. I myself strive to live this way, and I believe that doing so requires a kind of "mental stamina" to endure temporary setbacks and difficulties.
(Interview conducted in November 2012)
*Profile and position are as of the time of the interview.