[Japan] 2010 Preference Parameters Study of Osaka University

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1 [Japan] 2010 Preference Parameters Stuy of Osaka University Section 1 1. Do the following statements hol true for you? If it is particularly true for you, choose 1, an if it oesn't hol true at all for you, choose 5. Of course, you may choose any number in between. (X ONE Box For EACH) 2. Do you agree with the following ieas? If "you totally agree to it", choose "1", an if "you totally isagree to it", choose "5". Of course, you may choose any number in between. (X ONE Box For EACH) 3. Let's assume you have two options to receive some money. may choose Option A, to receive 10,000 toay; or Option B, to receive a ifferent amount seven ays from toay. Compare the amounts an timing in Option A with Option B an inicate which you woul prefer to receive for each of thel 9 choices. Option A Option B Inclues An Which ONE o you prefer? (X ONE Box for EACH Row Receiving toay Receiving in 7 ays Annual Option A Option B Interest Rate Of: 10,000 9,980-10% ,000 10,000 0% ,000 10,019 10% ,000 10,076 40% ,000 10, % ,000 10, % ,000 10, % ,000 11, % ,000 19, % 1 2

2 [Japan] 2010 Preference Parameters Stuy of Osaka University 4. Now let's assume that you have the option to receive 10,000 ninety ays from toay or receive a ifferent amount ninety-seven ays from toay. Compare the amounts an timing in Option A with Option B an inicate which you woul prefer to receive for each of the 9 choices. Option A Option B Inclues An Which ONE o you prefer? (X ONE Box for EACH Row Receiving in 90 ays Receiving in 97 ays Annual Option A Option B Interest Rate Of: 10,000 9,980-10% ,000 10,000 0% ,000 10,019 10% ,000 10,076 40% ,000 10, % ,000 10, % ,000 10, % ,000 11, % ,000 19, % Now let's assume that you have the option to receive 10,000 one month from toay or receive a ifferent amount thirteen months from toay. Compare the amounts an timing in Option A with Option B an inicate which you woul prefer to receive for each of the 10 choices. Option A Option B Inclues An Which ONE o you prefer? (X ONE Box for EACH Row Receiving in one month Receiving in 13 Annual Option A Option B months Interest Rate Of: 10,000 9,500-5% ,000 10,000 0% ,000 10,200 2% ,000 10,400 4% ,000 10,600 6% ,000 11,000 10% ,000 12,000 20% ,000 14,000 40% ,000 18,000 80% ,000 25, % Now let's assume that you have the option to receive 1,000,000 one month from toay or receive a ifferent amount thirteen months from toay. Compare the amounts an timing in Option A with Option B an inicate which you woul prefer to receive for each of the10 choices. Option A Option B Inclues An Which ONE o you prefer? (X ONE Box for EACH Row Receiving in one month Receiving in 13 Annual Option A Option B months Interest Rate Of: 1,000, ,000-5% 1 2 1,000,000 1,000,000 0% 1 2 1,000,000 1,001, % 1 2 1,000,000 1,005, % 1 2 1,000,000 1,010,000 1% 1 2 1,000,000 1,020,000 2% 1 2 1,000,000 1,060,000 6% 1 2 1,000,000 1,100,000 10% 1 2 1,000,000 1,300,000 30% 1 2 1,000,000 2,000, % 1 2

3 [Japan] 2010 Preference Parameters Stuy of Osaka University 7. Now let's assume that you have the option to pay 1,000,000 one month from toay or pay a ifferent amount thirteen months from toay. Compare the amounts an timing in Option A with Option B an inicate which you woul prefer to pay for each of the 11 choices. Option A Option B Inclues An Which ONE o you prefer? (X ONE Box for EACH Row Receiving in one month Receiving in 13 Annual Option A Option B months Interest Rate Of: 1,000, ,000-20% 1 2 1,000, ,000-10% 1 2 1,000, ,000-5% 1 2 1,000,000 1,000,000 0% 1 2 1,000,000 1,001, % 1 2 1,000,000 1,005, % 1 2 1,000,000 1,010,000 1% 1 2 1,000,000 1,020,000 2% 1 2 1,000,000 1,060,000 6% 1 2 1,000,000 1,100,000 10% 1 2 1,000,000 1,500,000 50% Let s assume that you are require to spen time cleaning a park. nee to spen two hours toay an the next assigne ay, which is 7 ays from toay. It seems that the litter in the park will ecrease more than expecte, so the number of hours you nee to clean will be less. To account for this change you have the choice to shorten the hours by one hour toay or shorten some hours on the next assigne ay, which is 7ays from toay. Please look at Option A an Option B below for the work ate an work time you can choose, an inicate which you prefer for each of the eight choices. 1 hour 50 Minutes hour 1 hour hour 1 hour 5 Minutes hour 1 hour 10 Minutes hour 1 hour 15 Minutes hour 1 hour 20 Minutes hour 1 hour 30 Minutes hour 2 hours Let s assume that you are require to spen time cleaning a park. nee to spen two hours on a ay 90 ays from toay an a ay 97 ays from toay. It seems that the litter in the park will ecrease more than expecte, so the number of hours you nee to clean will be less. To account for this change you have the choice to shorten to shorten the hours by one hour on the first assigne ay, which is 90 ays from toay or shorten some hours on the secon assigne ay, which is 97ays from toay. Please look at Option A an Option B below for the work ate an work time you can choose, an inicate which you prefer for each of the eight choices. 1 hour 50 Minutes hour 1 hour hour 1 hour 5 Minutes hour 1 hour 10 Minutes hour 1 hour 15 Minutes hour 1 hour 20 Minutes hour 1 hour 30 Minutes hour 2 hours 1 2

4 [Japan] 2010 Preference Parameters Stuy of Osaka University 10. Let s assume that you are require to spen time cleaning a park. nee to spen two hours toay an the next assigne ay, which is 7 ays from toay. It seems that the litter in the park will increase more than expecte, so the number of hours you nee to clean will be more. To account for this change you have the choice to increase the hours by one hour toay or increase some hours on the next assigne ay, which is 7ays from toay. Please look at Option A an Option B below for the work ate an work time you can choose, an inicate which you prefer for each of the eight choices. Option A Increase my working time toay or Option B Increase my working time 7ays from toay Option A Which ONE o you prefer? (X ONE Box For EACH Row) 1 hour 40 Minutes hour 50 Minutes hour 1 hour hour 1 hour 5 Minutes hour 1 hour 10 Minutes hour 1 hour 20 Minutes hour 1 hour 30 Minutes hour 2 hours 1 2 Option B 11. In which of the following two ways woul you prefer to receive your monthly income? Assume that your job assignment is the same for each scenario. If you are a epenent (e.g. stuent, housewife, etc.) an not working, please answer base on your monthly income being your actual living expenses. (X ONE Box) 12. In which of the following two ways woul you prefer to receive your monthly income? Assume that your job assignment is the same for each scenario. If you are a epenent (e.g. stuent, housewife, etc.) an not working please answer base on your monthly income being your actual living expenses. (X ONE Box) 13. Let's assume there is a lottery with a 50% chance of winning 20,000 an a 50% chance of winning nothing. If the lottery ticket is sol as liste below, woul you purchase a ticket? may choose Option A, to purchase the lottery ticket, or Option B, not to purchase the lottery ticket. Please inicate which option you prefer for each of the 8 ticket prices. Price of the lottery ticket Option A (purchase the lottery ticket) Which ONE o you prefer? (X ONE Box For EACH Row) Option B (NOT purchase the lottery ticket) , , , , , ,

5 [Japan] 2010 Preference Parameters Stuy of Osaka University 14. Let's assume there is a lottery with a 1% chance of winning 1,000,000 an a 99% chance of winning nothing. If the lottery ticket is sol as liste below, woul you purchase a ticket? may choose Option A, to purchase the lottery ticket, or Option B, not to purchase the lottery ticket. Please inicate which option you prefer for each of the 8 ticket prices. Price of the lottery ticket Option A (purchase the lottery ticket) Which ONE o you prefer? (X ONE Box For EACH Row) Option B (NOT purchase the lottery ticket) , , , , , , Let s assume you have a lottery ticket with a 50% chance of winning 20,000 an a 50% chance of winning nothing. If you win, you can receive the prize money immeiately. can either keep the lottery ticket yourself or you can sell it for cash immeiately. If there is someone willing to buy this ticket from you right now for the prices liste below, woul you sell the ticket or woul you keep it knowing you have a chance to win the 20,000 prize? may choose Option A, to sell the lottery ticket, or Option B, not to sell the lottery ticket an keep it for yourself. Please inicate which option you prefer for each of the 8 ticket prices. Price of the lottery ticket Which ONE o you prefer? (X ONE Box For EACH Row) Option A (sell the lottery ticket) Option B (NOT sell the lottery ticket) 1, , , , , , , , Let s assume you have a lottery ticket with a 50% chance of winning 20,000 an a 50% chance of winning nothing. Even if you win, you can only receive the prize money one week from now. can either keep the lottery ticket yourself or you can sell it for cash immeiately. If there is someone willing to buy this ticket from you right now for the prices liste below, woul you sell the ticket or woul you keep it knowing you have a chance to win the 20,000 prize? may choose Option A, to sell the lottery ticket, or Option B, not to sell the lottery ticket an keep it for yourself. Please inicate which option you prefer for each of the 8 ticket prices. Price of the lottery ticket Which ONE o you prefer? (X ONE Box For EACH Row) Option A (sell the lottery ticket) Option B (NOT sell the lottery ticket) 1, , , , , , , ,

6 [Japan] 2010 Preference Parameters Stuy of Osaka University 17. Let s assume you have a lottery ticket with a 50% chance of winning 20,000 an a 50% chance of winning nothing. Even if you win, you can only receive the prize money one month from now. can either keep the lottery ticket yourself or you can sell it for cash immeiately. If there is someone willing to buy this ticket from you right now for the prices liste below, woul you sell the ticket or woul you keep it knowing you have a chance to win the 20,000 prize? may choose Option A, to sell the lottery ticket, or Option B, not to sell the lottery ticket an keep it for yourself. Please inicate which option you prefer for each of the 8 ticket prices. Price of the lottery ticket Which ONE o you prefer? (X ONE Box For EACH Row) Option A (sell the lottery ticket) Option B (NOT sell the lottery ticket) 1, , , , , , , , Assume that you know there is a 50% chance of having a loss of 20,000. can have insurance to cover this amount in case of the loss. If an insurance policy is sol as liste below, woul you purchase it? may choose Option A, to purchase the insurance, or Option B, not to purchase the insurance. Please inicate which option you prefer for each of the 8 insurance prices. Price of the insurance Which ONE o you prefer? (X ONE Box For EACH Row) Option A (purchase the insurance) Option B (NOT purchase the insurance) , , , , , , Assume that you know there is a lottery in which there is a 50% chance of winning 20,000 an a 50% chance of losing some amount of money. can choose whether to take this lottery ticket or not. If the amounts that you coul lose are as liste below, woul you take the lottery tickets? may choose Option A, to take the lottery ticket, or Option B, not to take the lottery ticket. Please inicate which option you prefer for each of the 8 payment amounts. Amount of payment when you lose Which ONE o you prefer? (X ONE Box For EACH Row) Option A (take the lottery ticket) Option B (NOT take the lottery ticket) , , , , , , Overall, how happy woul you say you are currently? Using a scale from 0-10 where 10 is very happy an 0 is very unhappy, how woul you rate you current level of happiness? (X ONE Box) 21. Compare to 1 year ago, o you think that you are happier now than you were then? (X ONE Box) 22. Usually when you go out, how high oes the probability of rain have to be before you take an umbrella? (Write In Response between 0 an 99)

7 [Japan] 2010 Preference Parameters Stuy of Osaka University 23. As the proverb says, Nothing venture, nothing gaine, there is a way of thinking that in orer to achieve results, you nee to take risks. On the other han, as another proverb says, A wise man never courts anger, meaning that you shoul avoi risks as much as possible. Which way of thinking is closest to the way you think? On a scale of 0 10, with 10 being completely in agreement with the thinking Nothing venture, nothing gaine, an 0 being completely in agreement with the thinking A wise man never courts anger, please rate your behavioral pattern. (X ONE Box) 24. Suppose that you an a complete stranger happen to receive money. There are two ways to ivie the money. will make a ecision regaring how to ivie the money an the stranger will not know about it. Please inicate either Option A or Option B for each of the 4 cases. Option A Option B Which ONE o you prefer? (X ONE Box For EACH Row) Option A Option B Both receive 10,000 receive 10,000, the other receive 6, Both receive 10,000 receive 16,000, the other receive 4, Both receive 10,000 receive 10,000, the other receive 18, Both receive 10,000 receive 11,000, the other receive 19, Suppose you ha 10,000 in a savings account an the interest rate is 2% per year an you never withraw money or interest payments. After 5 years, how much woul you have in this account in total? (X ONE Box) 1 More than 10,200 2 Exactly 10,200 3 Less than 10,200 4 Do not know 5 Refuse to answer 26. Imagine that the interest rate on your savings account was 1% per year an the inflation was 2% per year. After 1 year, how much woul you be able to buy with the money in this account? (X ONE Box) 27. Please inicate whether the following statement is True or False? (X ONE Box) "Buying a company stock usually provies a safer return than a stock mutual fun." 28. If the interest rate falls, what shoul happen to bon prices? (X ONE Box) 29. Please inicate whether each statement below is True or False? (Write True or False for each) ( ) When you inherit, you are always require to pay an inheritance tax. ( ) In 2009, the maximum income tax rate was more than 50 in Japan ( ) 30% of your income goes to income tax an resient tax. If you income increase by 100,000 more, your income tax an resient tax woul increase by 30,000 more. ( ) o not have to pay income tax if you have earne 1,000,000 or less. ( ) Those who have the same amount of income nee to pay the same amount of income tax. 30. How oes your stanar of living compare with that of the people aroun you? (X ONE Box)

8 [Japan] 2010 Preference Parameters Stuy of Osaka University 30a. In Q. 30, with who s stanar of living i you compare your own? (X ONE Box) 01 Neighbor 02 r own classmates when you were in school 03 Relatives 04 Families of your chilren s classmates 05 Worker in your company who is in your age group, has similar acaemic backgroun, or who starte working in the same year 06 Worker in your company who is assigne to a similar job as yours, regarless of their age, acaemic backgroun, year in which he or she joine the company. 07 Worker in another company in the same inustry who belongs to the same age group, has similar acaemic backgroun, or who starte working in the same year 08 Worker in another company in the same inustry who is assigne to a similar job as yours, regarless of his or her age, acaemic backgroun, an year in which he or she joine a company 09 Average person in Japan 10 Average person in the worl 11 Frien of acquaintance excluing above choices 12 Others(Specify): 13 I on t know 31. For the purpose of this question, please assume that your parents are both living an that you o not live with them. Suppose that your parents ha only one-thir as much family income per person to live on as you o. How much of your own family income per month woul you be willing to give to your parents to help them out until things change (possibly a few years)? (X ONE Box) 32. For the purpose of this question, please assume that you have a chil an that your chil oes not live with you. Suppose that your chil ha only one-thir as much family income per person to live on as you o. How much of your own family income per month woul you be willing to give to your chil to help out until things change (possibly a few years)? (X ONE Box) 33. Suppose that you foun a well-known charity that gave financial help to people who typically ha about one-fifth of your family income per person. Up to how much of your own family income per month woul you be willing to give the charity if you knew the money woul go irectly to benefit these people? (X ONE Box) 1 Up to 1 % of your family income per month 2 Up to 2 % of your family income per month 3 Up to 5 % of your family income per month 4 Up to 10 % of your family income per month 5 Up to 11% of your family income per month 6 No help at all Please answer if you have chilren. 34. How o you feel about leaving an inheritance to your chilren? (X ONE Box) If you answer 1 to 5 at Q.34, please continue. Otherwise, skip to Q a. How o you plan to ivie your inheritance among your chilren? (X ONE Box)

9 [Japan] 2010 Preference Parameters Stuy of Osaka University If you answer 2 at Q.34a, please continue. Otherwise, skip to Q b. Then how o you plan to ivie your inheritance among your chilren? (X ALL That Apply) All responents shoul answer the following question. 35. Have you receive any inheritance an/or gifts from your parents or your spouse s parents in the past? (X ALL That Apply) Receive inheritance an/or gifts in the past from your parents. Receive inheritance an/or gifts in the past from your spouse's parents. YES NO Do you expect that you will receive any inheritance an/or gifts from your parents or your spouse s parents in the future? (X ALL That Apply) YES NO Expect to receive inheritance an/or gifts in the future from your parents. Expect to receive inheritance an/or gifts in the future from your spouse s parents If you were able to choose when to be born, compare with your birth-year, when will you prefer? Please rank your five choices from 1 through 5 in orer of your preference. 38. Please inicate whether each statement below is True or False? (Write True or False for each) ( ) The Football Worl Cup will be hel in South Africa in ( ) Tokyo was a caniate city for the 2016 Summer Olympics. ( ) Tyson Gay finishe in secon place after Ursain Bolt in the 100 meters at the Worl Championships in Berlin in August ( ) The highest ranking of Date-Krumm Kimiko was fifth in the worl. ( ) In major league baseball, Al Simmons reache 2000 hits in fewer games than Ichiro. 39. The following statements are ieas on what etermines people s incomes an stanars of living in Japan. If "you strongly agree with it", choose "1", an if "you strongly isagree with it", choose "5". Of course, you may choose any number in between. (X ONE Box For EACH) 40. The following are ieas on what shoul etermine people s incomes an stanars of living. If "you strongly agree with it", choose "1", an if "you strongly isagree with it", choose "5". Of course, you may choose any number in between. (X ONE Box For EACH)

10 [Japan] 2010 Preference Parameters Stuy of Osaka University Section 2 - The following questions are about you an your family. 1. r gener: 1 Male 2 Female 2. Please answer about your spouse? (X ONE Box) 2a. When i you marry your spouse? (Write In #) Month Year or when I was years ol 3. What is your height an weight? (Write In #) Height: cm Weight: kg Please answer the following questions for you an your spouse (if applicable) 4. When were you born? (Write In Number for Month an Year), yourself: Year r spouse: Year 5. How many brothers an sisters o you have now who are alive? (Write In Number For EACH) 6. Please inicate the highest level of eucation (or equivalent) complete by you an your spouse. If you are still in school, X the one you are in now. (Write In Number) r spouse 1. Grauate from Elementary/ Junior High School 2. Some High School no egree 3. Grauate from High School 4. Some College (incluing Technical College) no egree 5. Grauate from College (incluing Technical College) - Associate s Degree (2 year) 6. Some University (incluing ol-eucation-system high school) no egree 7. Grauate from University (incluing ol-eucation-system high school) Bachelor s Degree (4 year) 8. Some post grauate stuies no egree 9. Master s Degree MS, MA, MBA, etc 10. Some octoral stuies no egree 11. Doctoral Degree DVM, Ph.D, DDS, etc. 7. About how many hours per week o you an your spouse usually work incluing overtime work?if you on t work outsie the home, X on t work. If you on t have a spouse, X no spouse an if your spouse oesn t work outsie the home, X oesn t work. (Write In A Number For EACH Row) hours per week - Don t work r spouse hours per week - Doesn t work 7a. About how many hours per week in pai overtime o you an your spouse work? (Write in a number for each row) If you or your spouse o not work overtime, please leave the answer blank. hours per week - Don t work r spouse hours per week - Doesn t work 7b. About how many hours per week in unpai overtime o you an your spouse work? (Write in a number for each row. If you or your spouse o not work overtime please leave the answer blank. hours per week - Don t work r spouse hours per week - Doesn t work Please answer if you on t work. 7c. If you were working, what o you estimate you woul be making per hour? (Write In) per hour All responents shoul answer the following question. 8. About how many ays in a year o you an your spouse work? If you on t work outsie the home, X on t work. If you on t have a spouse, X no spouse an if your spouse oesn t work outsie the home, X oesn t work. (Write In Number In For EACH Row) ays in a year - Don t work r spouse ays in a year - Doesn t work 9. To what age o you an your spouse plan to work? If you are alreay retire, write in your age at the time of retirement. If you an/or your wife haven t worke outsie the home, X haven t worke (or hasn t worke ). (X Box Or Write In Number In For EACH Row) years ol - Haven t worke r spouse years ol - Hasn t worke

11 [Japan] 2010 Preference Parameters Stuy of Osaka University 10. What are your an your spouse's occupations (Incluing part-time work)? (Write In Number) r spouse 1. Office work (aministrative support, sales) 2. Sales an relate occupations 3. Managerial occupations (section chief or superior positions at government or private company) 4. Specialist/Technical Experts (Teacher, Meical Doctor, Engineer, Writer) 5. Service occupations (Hairresser, Hall staff, Receptionist, Taxi river, Security staff) 6. Inustrial occupations (carpenter, service engineer, prouction worker) 7. Farming, fishing, an forestry 8. Housewife/Househusban 9. Stuent 10. Retire (except Housewife/Househusban) 11. Unemploye (except Housewife/Househusban) 12. Others (Specify):... If you answer 1 to 7 for yourself an your spouse at Q.10, please continue. Otherwise, skip to Q a. What is your an your spouse s type of employment? (Write In Number) r spouse 1. Employee of private company or nonprofit 2. Government employee 3. Manager or private company or nonprofit 4. Self-employe 5. Employee of family business 10b. What is your an your spouse s employment status? (Write In Number) r spouse 1. Full-time employee 2. Part-time employee 3. Stuent part-time employee 4. Temporary work (sent to a company from a temporary job agency, internship, specific project for a company, etc.) 5. Contract worker 6. Other (Specify): 10c. In the past two years, what kin of registere temporary employment have you an your spouse taken? (Write In Number that best escribes the type of work.) r spouse 1. Mostly jobs lasting one ay 2. Mostly jobs lasting two to less than ten ays 3. Mostly jobs lasting ten ays to less than three months. 4. Mostly jobs lasting three months or more 5. I i not take any ispatche employment 10. How many years have you (your spouse) been working for your (your spouse s) present company? (Write In Number) r spouse 1. Less than a year 2. A year to less than 5 years 3. 5 years to less than 10 years years to less than 20 years years to less than 30 years years to less than 40 years 7. More than 40 years

12 [Japan] 2010 Preference Parameters Stuy of Osaka University 10e. Approximately how many employees work for the company/office where you (your spouse) work? Answer the approximate number incluing all the hea office, branch offices, branch stores, sales offices an factories. If you (your spouse) work for a government organization, select "Government employee." (Write In Number) r spouse 1. 1 to 5 people 2. 6 to 29 people to 99 people to 299 people to 499 people to 999 people 7. 1,000 to 4,999 people 8. 5,000 to more people 9. Government employee 10f. Which one of the following best escribes the inustry in which you (your spouse) work? (Write In Number) r spouse 1. Agriculture an relate inustries 2. Mining inustry 3. Construction inustry 4. Manufacturing inustry 5. Wholesale trae/retail business 6. Finance/ insurance business 7. Real estate business 8. Transportation/Corresponence inustry 9. Electric/Gas/Water/Heat supply inustry 10. Service inustry 11. Eucation 12. Others 10g. To what extent is your (your spouse s) salary or wage base on your work performance? (Write In Number) r spouse 1. The wage is base almost entirely on performance 2. The wage is base mostly on performance 3. The wage is base slightly on performance 4. The wage is not at all base on performance 10h. About how har o you (your spouse) work each ay? Please answer base on the amount of work you o per hour. (Write In Number) r spouse 1. Coul not work any harer than currently 2. Work har an continuously 3. Work continuously but not har 4. Work but have some owntime 5. Work but have a lot of owntime 10i. What is the possibility that you or your spouse will be unemploye (in case of running your own business, the possibility of iscontinuing business) within 2 years? (Write In Number) r spouse 1. Strong possibility 2. Some possibility 3. Little possibility 4. Don t know 11. Do you have any chilren? (X ONE Box) 11a. How ol is your youngest chil now? (Write In) years ol 12. Approximately how much was your an your spouse s salary or hourly wage for 2009 (incluing business income if you are self-employe)? (Write In) : salary per month or Wage per hour r spouse: salary per month or Wage per hour

13 [Japan] 2010 Preference Parameters Stuy of Osaka University 13. Approximately how much was the annual earne income of you an your spouse before taxes, with bonuses inclue (an also business income) for 2009? (Write In Number) r spouse 1. None 2. Less than 1,000, ,000,000 to less than 2,000, ,000,000 to less than 4,000, ,000,000 to less than 6,000, ,000,000 to less than 8,000, ,000,000 to less than 10,000, ,000,000 to less than 12,00, ,000,000 to less than 14,000, ,000,000 or more 14. Which of the following best escribes your current family status? (X ONE Box) 1 Single 2 Husban an wife 3 Husban, wife an chilren 4 Single parent an chilren 5 Husban, wife, chilren an husban or wife s parents 6 Husban, wife, chilren an husban or wife s parents, brothers an sisters 7 Others (Specify): 15. How many people are currently living in your househol? (Write In) # of people: 16. How much was the average foo expense of your entire family per month in 2009? (Write In) Approximate monthly foo expense (excluing expense of eating out) per month Approximate monthly expense of eating out per month 17. How much i you spen on urable consumer goos such as housing, cars, an expensive electronic proucts for your entire family in 2009? (Write In) Approximate expense in 2009 for entire family 18. How much were the average expenitures of your entire family per month in 2009? Exclue urable consumer goos purchase such as housing, cars, expensive electronic proucts, taxes, insurance premiums, an mortgage interest. Inclue costs of public utilities an energy bills. (Write In) Approximate monthly expense in 2009 for entire family per month 19. How much i the gross expenitures of your entire family change in 2009 as compare to 2008? (X ONE Box) Increase than 9% Increase by 7-9% Increase by 5-7% Increase by 3-5% Increase by 1-3% Increase by less than 1% OR by less than 1% by 1-3% by 3-5% by 5-7% by 7-9% than 9% How much o you estimate that the gross expeniture of you entire family will change in 2010 as compare to 2009? (X ONE Box) Increase than 9% Increase by 7-9% Increase by 5-7% Increase by 3-5% Increase by 1-3% Increase by less than 1% OR by less than 1% by 1-3% by 3-5% by 5-7% by 7-9% than 9% What o you estimate will be the annual growth rate of consumer prices in 2010? (X ONE Box) Increase than 4.5% Increase by % Increase by % Increase by % Increase by % Increase by less than 0.5% OR by less than 0.5% by % by % by % by % than 4.5%

14 [Japan] 2010 Preference Parameters Stuy of Osaka University 22. Are you an your spouse currently seeking jobs? (Please answer regarless of whether or not you presently have a job.) (X ONE Box For EACH ROW) 1 Seeking a job 2 Not seeking a job r spouse 1 Seeking a job 2 Not seeking a job 23. If you coul move to another prefecture in Japan, woul you move? X ONE of your choices. Next to your choice, write in the name of a prefecture. 1 woul move to (Write in the name of the prefecture you want to live) 2 woul continue to live in (Write in the name of the prefecture where you are living now) 24. Please inicate why you woul choose to live in the prefecture you specifie in Q.23. Put an X in the boxes for the FOUR most important reasons for wishing to live in that state. Next, rank your four choices in orer of importance. (Put an X in FOUR BOXES) Ranking (Write in a Number from 1to 4) 01 ( ) Higher income 02 ( ) Goo cultural environment with many concert halls, theaters, libraries, etc. 03 ( ) Goo schools 04 ( ) Nice climate an rich natural environment 05 ( ) In orer to take a job that suits me 06 ( ) In orer to live together with my family 07 ( ) It is the prefecture where I grew up 08 ( ) It costs a lot of money to move to another prefecture 09 ( ) Low local taxes 10 ( ) Goo welfare an social services 11 ( ) Goo meical environment with many hospitals an meical facilities 11 ( ) Convenient shopping with supermarkets, epartment stores, etc. 12 ( ) Low price goos an services 13 ( ) Easy access from anywhere 13 ( ) Easy to fin a job 13 ( ) Other (Specify): 25. Please inicate the highest level of eucation (or equivalent) complete by your parents an your spouse's parents. (Write In Number) r father r mother r spouse s father r spouse s mother 1. Grauate from Elementary/ Junior High School 2. Some High School no egree 3. Grauate from High School 4. Some College (incluing Technical College) no egree 5. Grauate from College (incluing Technical College) - Associate s Degree (2 year) 6. Some University (incluing ol-eucation-system high school) no egree 7. Grauate from University (incluing ol-eucation-system high school) Bachelor s Degree (4 year) 8. Some post grauate stuies no egree 9. Master s Degree MS, MA, MBA, etc 10. Some octoral stuies no egree 11. Doctoral Degree DVM, Ph.D, DDS, etc. 26. What are your (an your spouse's) parents birth years? (Write In Number For EACH)

15 [Japan] 2010 Preference Parameters Stuy of Osaka University 26a. Are your an your spouse s parents alive? (X ONE Box) If they are alive, inicate their age. If they are ecease, inicate their age at time of eath. (Write In For EACH) r father r mother r spouse s father r spouse s mother 1 Alive 2 Decease 1 Alive 2 Decease 1 Alive 2 Decease 1 Alive 2 Decease years ol tens ones years ol tens ones years ol tens ones years ol tens ones years ol tens ones years ol tens ones years ol tens ones years ol tens ones 27. Now, we woul like to ask you about epenents in your family. Here, epenent means anyone you claime on your last tax return. Are you... (X ONE Box) 28. In what type of home o you live? (X ONE Box) 29. Approximately how much was the annual earne income before taxes an with bonuses inclue of your entire househol for 2009? (If you are stuent, please answer the income of your parents' entire househol.) (X ONE Box) 01 Less than 1,000, ,000,000 to less than 2,000, ,000,000 to less than 4,000, ,000,000 to less than 6,000, ,000,000 to less than 8,000, ,000,000 to less than 10,000, ,000,000 to less than 12,000, ,000,000 to less than 14,000, ,000,000 to less than 16,000, ,000,000 to less than 18,000, ,000,000 to less than 20,000, ,000,000 or more 30. Approximately how much househol income is your goal? (If you are a stuent, please answer the income of your parents entire househol.) (X ONE Box) 01 Less than 1,000, ,000,000 to less than 2,000, ,000,000 to less than 4,000, ,000,000 to less than 6,000, ,000,000 to less than 8,000, ,000,000 to less than 10,000, ,000,000 to less than 12,000, ,000,000 to less than 14,000, ,000,000 to less than 16,000, ,000,000 to less than 18,000, ,000,000 to less than 20,000, ,000,000 or more

16 [Japan] 2010 Preference Parameters Stuy of Osaka University 31. About how much househol income is common for people aroun you? (X ONE Box) 01 Less than 1,000, ,000,000 to less than 2,000, ,000,000 to less than 4,000, ,000,000 to less than 6,000, ,000,000 to less than 8,000, ,000,000 to less than 10,000, ,000,000 to less than 12,000, ,000,000 to less than 14,000, ,000,000 to less than 16,000, ,000,000 to less than 18,000, ,000,000 to less than 20,000, ,000,000 or more 32. How much i the annual earne gross income of your entire househol change in 2009 as compare to 2008? (If you are a stuent, please answer the income of your parents' entire househol.) (X ONE Box) Increase than 9% Increase by 7-9% Increase by 5-7% Increase by 3-5% Increase by 1-3% Increase by less than 1% OR by less than 1% by 1-3% by 3-5% by 5-7% by 7-9% than 9% How much o you estimate the annual earne gross income of your househol will change in 2010 as compare to 2009? Please answer for your entire househol, for you an for your spouse. (If you are a stuent, please answer the income of your parents' entire househol.) (X ONE Box for EACH) Increase than 9% Increase by 7-9% Increase by 5-7% Increase by 3-5% Increase by 1-3% Increase by less than 1% OR Decreas e by less than 1% Decreas e by 1-3% Decreas e by 3-5% Decreas e by 5-7% Decreas e by 7-9% Decreas e than 9% Entire Househol r Spouse Approximately how much is the present appraise value of all housing an properties which your entire househol owns? (If you are a stuent, please answer about the housing an properties your parents' entire househol owns.) (XONE Box) 01 Do not possess housing or properties 02 Less than 5,000, ,000,000 to less than 10,000, ,000,000 to less than 15,000, ,000,000 to less than 20,000, ,000,000 to less than 30,000, ,000,000 to less than 40,000, ,000,000 to less than 50,000, ,000,000 to less than 100,000, ,000,000 or more 35. Approximately how much is the balance of financial assets (savings, stocks an insurance, etc.) of your entire househol? (If you are a stuent, please answer the balance of financial assets of your parents' entire househol.) (X ONE Box) 01 Less than 2,500, ,500,000 to less than 5,000, ,000,000 to less than 7,500, ,500,000 to less than 10,000, ,000,000 to less than 15,000, ,000,000 to less than 20,000, ,000,000 to less than 30,000, ,000,000 to less than 50,000, ,000,000 to less than 100,000, ,000,000 or more

17 [Japan] 2010 Preference Parameters Stuy of Osaka University 36. Approximately how much in total financial assets (saving, stocks an insurance, etc) of your entire househol shoul have been save (or accumulate) by now? 01 Less than 2,500, ,500,000 to less than 5,000, ,000,000 to less than 7,500, ,500,000 to less than 10,000, ,000,000 to less than 15,000, ,000,000 to less than 20,000, ,000,000 to less than 30,000, ,000,000 to less than 50,000, ,000,000 to less than 100,000, ,000,000 or more 37. Please inicate which of the following financial assets you own. (X ALL That Apply) 01 Bank savings (incluing cooperative banks, creit unions an other associations) 02 Post-office savings 03 Life insurance 04 Stocks 05 Investment Trusts 06 Foreign currency eposits 07 Futures/ Options 08 Japanese Government bons 09 Government bons of foreign countries 10 Private iniviual pensions (from life insurance companies or postal annuity pension system) 11 Company pensions 12 Cash 13 None (Skip to Q.40) (Continue) 38. What percentage of your financial assets of your entire househol are in the following... (Write In % For Group B only) Group A: Bank savings, cash, Japanese government bons Group B: Investment trusts, stocks, futures/options, corporate bons, foreign currency eposits, government bons of foreign countries % 39. What woul you say is the average annual rate of return on your financial assets? (Write In) 40. Do you currently have any liabilities or ebts? Liabilities or ebts inclue housing loans. (X ONE Box) 40a. If you have housing loans, what is the current balance of your housing loans? (X ONE Box) 01 Less than 2,500, ,500,000 to less than 5,000, ,000,000 to less than 7,500, ,500,000 to less than 10,000, ,000,000 to less than 15,000, ,000,000 to less than 20,000, ,000,000 to less than 30,000, ,000,000 or more 09 No housing loans 40b. Do you have any liabilities or ebts other than housing loans? (X ONE Box) 01 No loans other than housing loans 02 Less than 500, ,000 to less than 1,000, ,000,000 to less than 2,000, ,000,000 to less than 3,000, ,000,000 to less than 5,000, ,000,000 to less than 7,500, ,500,000 to less than 10,000, ,000,000 or more 41. Have you ever been rejecte for a loan application (excluing housing loans)? (X ONE Box) 42. Do you have a savings plan for after the househol hea retires? (If the househol hea has alreay retire, o you have a savings plan for the future?) 43. How much have you thought about retirement?

18 [Japan] 2010 Preference Parameters Stuy of Osaka University 44. Di you receive any compulsory financial eucation when you were in elementary school? 1 Yes 2 No 3 I on t know 45. On a scale of 0-10 with 10 being Wealthiest an 0 being Poorest, please inicate what you think your stanar of living is. (X ONE Box) Wealthiest Poorest 46 In which prefecture o your parents live? If they are living in a foreign country, inicate the name of the country. If your parents are ecrease, inicate a place where they live for a long time. (Write In) r parents: Name of Prefecture in Japan: Name of Country: r spouse's Parents: Name of Prefecture in Japan: Name of Country: 47. Do you smoke? (X ONE Box) 01 Don t smoke at all 05 About a pack a ay 02 Harly smoke 06 More than 2 packs a ay 03 Smoke sometimes 07 I use to smoke but ha quit 04 About 10 cigarettes a ay 48. Do you exercise? (X ONE Box) 1 Almost everyay 4 About once a month 2 A few times a week 5 Don't exercise at all 3 About once a week 49. Do you rink alcoholic beverages? (X ONE Box) 1 Don't rink at all 2 Harly rink 3 Drink sometimes 4 A can of beer (350 ml.) or its equivalent a ay, almost everyay 5 3 cans of beer (350 ml. x 3) or its equivalent a ay, almost everyay 6 5 cans of beer (350 ml. x 5) or its equivalent a ay, almost everyay 50. How high is your tolerance for alcohol? (X ONE Box) 01 Cannot rink ue to a physical/ meical conition 04 Slightly strong 02 Weak 05 Strong 03 Slightly weak 51. Do you gamble in lotteries or at casinos or bet on sporting events or horse races? (X ONE Box) 1 Don't gamble at all 5 Once a month or so 2 I use to gamble, but I quit 6 Once a week or so 3 Harly gamble 7 Almost everyay 4 Several times a year or so

19 [Japan] 2010 Preference Parameters Stuy of Osaka University 52. Please inicate if you are affiliate with any of the following religions. (X ONE Box) 1 None 4 Other Christian 7 Hinuism 2 Catholic 5 Juaism 8 Buhism 3 Protestant 6 Islam 9 Others Thank you very much for your help with this stuy.

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