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Labor market reform options to boost employment in South Africa

Duval, Romain; Ji, Yi; Shibata, Ippei - 2021

Raising South Africa's low employment rate to levels seen in emerging market or advanced economy peers could raise GDP per capita by 50 to 60 percent and reduce income inequality dramatically in the long term. By putting further strain on an already fragile labor market, Covid-19 has raised the...

Persistent link: https://www.econbiz.de/10012612327

Are labor market indicators telling the truth? : role of measurement error in the U.S. current population survey

Shibata, Ippei - 2019

approach, the unemployment rate is on average 0.8 percentage points (ppts) higher than the official unemployment rate, with a …-cycle fluctuations in the unemployment rate from job separation, job finding, and participation. Correcting for misclassification changes … unemployment fluctuations, while participation accounts for fewer. The methodology I propose can be applied to any other labor …

Persistent link: https://www.econbiz.de/10012009388

Labor market dynamics : a hidden Markov approach

Shibata, Ippei - 2019

This paper proposes a hidden state Markov model (HMM) that incorporates workers' unobserved labor market attachment into the analysis of labor market dynamics. Unlike previous literature, which typically assumes that a worker's observed labor force status follows a first-order Markov process,...

Persistent link: https://www.econbiz.de/10012155058

Has COVID-19 induced labor market mismatch? : evidence from the US and the UK

Pizzinelli, Carlo; Shibata, Ippei - 2022

This paper studies whether labor market mismatch played an important role for labor market dynamics during the COVID-19 pandemic. We apply the framework of Sahin and others (2014) to the US and the UK to measure misallocation between job seekers and vacancies across sectors until the third...

Persistent link: https://www.econbiz.de/10013170581

Is labor market mismatch a big deal in Japan?

Shibata, Ippei - 2013

Despite its low unemployment rate, the recent shift in the Japanese Beveridge curve indicates increased labor mismatch … crisis. Occupational mismatch accounted for approximtely 20-40 percent of the recent rise in the unemployment rate in Japan …

Persistent link: https://www.econbiz.de/10012667504

The distributional impact of recessions : the Global Financial Crisis and the Pandemic Recession

Shibata, Ippei - 2020

Using the U.S. Current Population Survey data, this paper compares the distributional impacts of the Pandemic Crisis and those of the Global Financial Crisis in terms of (i) worker characteristics, (ii) job characteristics-'social' (where individuals interact to consume goods), 'teleworkable'...

Persistent link: https://www.econbiz.de/10012251998