We document that since 1997, the rate of startup formation has precipitously declined for firms operated by U.S. PhD recipients in science and engineering. These are supposedly the source of some of our best new technological and business opportunities. We link this to an increasing burden of...

The main purpose of this paper is to study how the individual differences in non-cognitive skills, as measured by Big-Five personality traits, explain the variation in labor market outcomes. By analyzing the Japanese and US survey data, this study attempts to analyze how personality traits are...

This paper studies the impact of long-run productivity growth on job finding and separation rates, and thus the unemployment rate, using a search and matching model. We incorporate disembodied technological progress and on-the-job search into the endogenous job separation model of Mortensen and...

This paper compares the Italian and the Japanese education systems and looks at the interaction between these systems and labour market outcomes. We model the Japanese labour market, characterised by the limited labour turnover and by the emphasis on hiring straight from school, and the Italian...

The purpose of this article is not to analyze or evaluate the performance of the Japanese employment custom directly. This article discusses the relationship between Japanese labor law and Japanese employment customs.