Charles Yuji Horioka is an American economist

Economist

An economist is a professional in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy...

 residing in Japan. Horioka received his B.A.

Bachelor of Arts

A Bachelor of Arts , from the Latin artium baccalaureus, is a bachelor's degree awarded for an undergraduate course or program in either the liberal arts, the sciences, or both...

 and Ph.D.

Ph.D.

A Ph.D. is a Doctor of Philosophy, an academic degree.Ph.D. may also refer to:* Ph.D. , a 1980s British group*Piled Higher and Deeper, a web comic strip*PhD: Phantasy Degree, a Korean comic series* PhD Docbook renderer, an XML renderer...

 degrees from Harvard University

Harvard University

Harvard University is a private Ivy League university located in Cambridge, Massachusetts, United States, established in 1636 by the Massachusetts legislature. Harvard is the oldest institution of higher learning in the United States and the first corporation chartered in the country...

 and is currently professor of economics at the Institute of Social and Economic Research at Osaka University

Osaka University

, or , is a major national university located in Osaka, Japan. It is the sixth oldest university in Japan as the Osaka Prefectural Medical College, and formerly one of the Imperial Universities of Japan...

. Previously, he has taught at Stanford

Stanford University

The Leland Stanford Junior University, commonly referred to as Stanford University or Stanford, is a private research university on an campus located near Palo Alto, California. It is situated in the northwestern Santa Clara Valley on the San Francisco Peninsula, approximately northwest of San...

, Columbia

Columbia University

Columbia University in the City of New York is a private, Ivy League university in Manhattan, New York City. Columbia is the oldest institution of higher learning in the state of New York, the fifth oldest in the United States, and one of the country's nine Colonial Colleges founded before the...

, and Kyoto

Kyoto University

, or is a national university located in Kyoto, Japan. It is the second oldest Japanese university, and formerly one of Japan's Imperial Universities.- History :...

 Universities.

In his article with Martin Feldstein

Martin Feldstein

Martin Stuart "Marty" Feldstein is an economist. He is currently the George F. Baker Professor of Economics at Harvard University, and the president emeritus of the National Bureau of Economic Research . He served as President and Chief Executive Officer of the NBER from 1978 through 2008...

, "Domestic Saving and International Capital Flows", published in the Economic Journal in 1980, they documented a positive correlation between long-term savings and investment rates across countries. This has since been known as the “Feldstein-Horioka puzzle

Feldstein-Horioka puzzle

The Feldstein-Horioka puzzle is a widely-discussed problem in macroeconomics and international finance, first documented by Martin Feldstein and Charles Horioka in an 1980 paper. According to economic theory, if we assume that investors that are able to easily invest anywhere in the world, they ...

” and the article is one of the most cited in international finance.

In 2001, Horioka was awarded the Seventh Japanese Economic Association

Japanese Economic Association

The Japanese Economic Association is the professional body of Japanese economists. The Japanese Economic Association is the largest, with more than 3,000 members, among academic economic associations in Japan. The Association is also one of the oldest, founded in 1934. The Association was...

 Nakahara Prize

Nakahara Prize

The Nakahara Prize is an annual award given by the Japanese Economic Association to Japanese economists under the age of 45 whose work has gained international recognition. The prize was created in 1995, and named after its sponsor Nobuyuki Nakahara...

 (the Japanese equivalent of the John Bates Clark Medal

John Bates Clark Medal

The John Bates Clark Medal is awarded by the American Economic Association to "that American economist under the age of forty who is adjudged to have made a significant contribution to economic thought and knowledge"...

), which is given annually to the most outstanding Japanese economist aged 45 or younger.