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To fire or to hoard? : explaining Japan’s labor market response in the Great Recession

Steinberg, Chad Bennett; Nakane, Masato - 2011

Persistent link: https://www.econbiz.de/10009488605

Is labor market mismatch a big deal in Japan?

Shibata, Ippei - 2013

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

To Fire or to Hoard? : Explaining Japan’s Labor Market Response in the Great Recession

Steinberg, Chad - 2011

The Great Recession pushed Japan’s unemployment rate to historic highs, but the increase has been small by … international standards and small relative to the large output shock. This paper explores Japan’s cyclical labor market response to …

Persistent link: https://www.econbiz.de/10014403441

Crises, labor market policy, and unemployment

Bernal Verdugo, Lorenzo Ernesto; Furceri, Davide; … - 2012

Using a sample of 97 countries spanning the period 1980?2008, we estimate that financial crises have a large negative impact on unemployment in the short term, but that this effect rapidly disappears in the medium term in countries with flexible labor market institutions, whereas the impact of...