Cyclical Behavior of Unemployment and Job Vacancies in Japan

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概要

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• This paper studies whether the Mortensen and Pissarides (MP) search and matching model can explain the observed labor market fluctuations in Japan. Although the MP model correctly predicts the observed regularities in the cyclical fluctuations of unemployment and job vacancies, it cannotgenerate the observed unemployment and vacancy fluctuations in response to productivity shock of reasonable size. I incorporate separation shocks and training costs into the MP model, finding thattheir inclusions do not significantly improve the ability of the model to explain the cyclical volatility of unemployment and vacancies observed in the Japanese labor market. This paper also provides thebusiness-cycle properties of the Japanese labor market.

• 国際大学の論文

著者

• Miyamoto Hiroaki

  Assistant Professor Graduate School Of International Relations International University Of Japan

関連論文

• Cyclical Behavior of Unemployment and Job Vacancies in Japan
• R &D, Unemployment, and Labor Market Policies

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