The Japanese Labor Markets: Unemployment and Vacancies

Yoshihiko Tsukuda, Tatsuyoshi Miyakoshi

Research output: Contribution to journalArticlepeer-review

2 Citations (Scopus)


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.

Original languageEnglish
Pages (from-to)91-118
Number of pages28
JournalJournal of the Japanese and International Economies
Issue number2
Publication statusPublished - 1999 Jun


  • Business survey data
  • Disequilibrium macromodel
  • Japanese labor markets

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics
  • Political Science and International Relations


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