TY - JOUR
T1 - The Japanese Labor Markets
T2 - Unemployment and Vacancies
AU - Tsukuda, Yoshihiko
AU - Miyakoshi, Tatsuyoshi
N1 - Funding Information:
⁄ An earlier version of this paper was written while the second author was visiting Kingston University, London. The authors acknowledge Vincent Daly, Naoyuki Yoshino, Satoru Kanoh, two anonymous referees, and the Editor for their helpful comments. This research was partly supported by the Nomura Foundation for Social Science in 1994.
PY - 1999/6
Y1 - 1999/6
N2 - We employ a disequilibrium model to examine the disequilibrium and structural causes of unemployment and vacancies in Japanese labor markets on the basis of business survey data. The Keynesian is a primary determinant of unemployment and the underconsumption of vacancies in most subperiods for both large and small firms. The degree of mismatch in the labor markets for large firms is lower than that for small ones. It exhibits a decreasing trend until the beginning of the eighties, then reverses to an increasing one around the mid-eighties. This paper contributes to issues such as recently conspicuous structural causes, transfer of employees, and dual structure through an alternative approach to the conventional methods. J. Japan. Int. Econ. June 1999, 13(2), pp. 91-118. Faculty of Economics, Tohoku University, Sendai 980-8576, Japan; and Faculty of Economics, Niigata University, Niigata 950-21, Japan. Copyright 1999 Academic Press. Journal of Economic Literature Classification Numbers: D58, J60, C40.
AB - We employ a disequilibrium model to examine the disequilibrium and structural causes of unemployment and vacancies in Japanese labor markets on the basis of business survey data. The Keynesian is a primary determinant of unemployment and the underconsumption of vacancies in most subperiods for both large and small firms. The degree of mismatch in the labor markets for large firms is lower than that for small ones. It exhibits a decreasing trend until the beginning of the eighties, then reverses to an increasing one around the mid-eighties. This paper contributes to issues such as recently conspicuous structural causes, transfer of employees, and dual structure through an alternative approach to the conventional methods. J. Japan. Int. Econ. June 1999, 13(2), pp. 91-118. Faculty of Economics, Tohoku University, Sendai 980-8576, Japan; and Faculty of Economics, Niigata University, Niigata 950-21, Japan. Copyright 1999 Academic Press. Journal of Economic Literature Classification Numbers: D58, J60, C40.
KW - Business survey data
KW - Disequilibrium macromodel
KW - Japanese labor markets
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U2 - 10.1006/jjie.1999.0423
DO - 10.1006/jjie.1999.0423
M3 - Article
AN - SCOPUS:0007066229
VL - 13
SP - 91
EP - 118
JO - Journal of the Japanese and International Economies
JF - Journal of the Japanese and International Economies
SN - 0889-1583
IS - 2
ER -
