Tadashi Yagi is a Professor of the Faculty of Economics at Doshisha University. He holds a Ph.D. in Economics, awarded by Nagoya University in 1996. His research areas are wide-ranging, including public economics, human resources management, income distribution, welfare economics and cultural economics. He has written many papers in refereed academic journals and chapters in edited volumes. Recent works include “Moral, Trust and Happiness-Why does trust improves happiness?-“, Journal of Organizational Psychology (2017)’, ‘Economic Growth and the Riskiness of Investment in Firm-Specific Skills’ (co-authored with Taichi Maki and Koichi Yotsuya), European Economic Review (2005).