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Nominal Wage Adjustment, Demand Shortage And Economic Policy
Ono, Yoshiyasu; Ishida, Junichiro; Economic Research, … - 2009
We formulate nominal wage adjustment by incorporating various concepts of fairness. By applying it into a continuous-time money-in-utility model we examine macroeconomic dynamics with and without a liquidity trap and obtain the condition for persistent unemployment, and that for temporary...
Persistent link: https://www.econbiz.de/10014200962
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English as a Gateway? Immigration and Public Opinion in Japan
Green, David; Kadoya, Yoshihiko - 2013
immigration to help fight these tendencies, immigration levels in Japan are comparatively much lower. Increasing immigration to … immigration in Japan is surprisingly rare. Rather, public opposition to immigration is often unquestioningly taken as a given … on immigration at the national and regional levels, considering factors that can influence respondents’ perceptions. In …
Persistent link: https://www.econbiz.de/10014154009
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Overconfidence Increases Productivity
Kinari, Yusuke - 2011
Recent studies report that productivity increases under tournament reward structures than under piece rate reward structures. We conduct maze-solving experiments under both reward structures and reveal that overconfidence is a significant factor in increasing productivity. Specifically, subjects...
Persistent link: https://www.econbiz.de/10013121830
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Productivity Growth, Industry Location Patterns and Labor Market Frictions
Davis, Colin - 2019
This paper constructs a two-country model of international trade to study how labor market frictions affect industry location patterns, unemployment rates, and fully endogenous productivity growth. We show that when the larger country offers subsidies to labor search costs or reduces...
Persistent link: https://www.econbiz.de/10012888861
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Is Being Agreeable a Key to Success or Failure in the Labor Market?
Lee, Sun Youn - 2016
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...
Persistent link: https://www.econbiz.de/10012997706
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Long-Term Effects of Labor Market Conditions on Family Formation for Japanese Youth
Hashimoto, Yuki; Kondo, Ayako - 2010
This study aims to examine how each cohort’s family formation is affected by labor market conditions experienced in youth in Japan. Although deterioration in youth employment opportunities has often been blamed for Japan’s declining marriage and fertility rates, the effects of slack labor...
Persistent link: https://www.econbiz.de/10014191161
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Technological Progress, On-the-Job Search, and Unemployment
Miyamoto, Hiroaki; Takahashi, Yuya; Economic Research, … - 2009
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...
Persistent link: https://www.econbiz.de/10014208790
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Nominal wage adjustment, demand shortage and economic policy
Ono, Yoshiyasu; Ishida, Junichiro - 2009
We formulate nominal wage adjustment by incorporating various concepts of fairness. By applying it into a continuous-time money-in-utility model we examine macroeconomic dynamics with and without a liquidity trap and obtain the condition for persistent unemployment, and that for temporary...
Persistent link: https://www.econbiz.de/10010332224
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The relative utility hypothesis with and without self-reported reference wages
de la Garza, Adrian; Mastrobuoni, Giovanni; Sannabe, Atsushi - 2010
and 2004 to study the effect of both own and self-reported reference wages on workers' subjective well-being levels. The … availability of self-reported reference wages generates very robust findings that do not depend on questionable identifying … value than the impact of workers' own wages on their own utility. We compare our results with standard tests of the relative …
Persistent link: https://www.econbiz.de/10010332327
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English as a gateway? Immigration and public opinion in Japan
Green, David; Kadoya, Yoshihiko - 2013
immigration to help fight these tendencies, immigration levels in Japan are comparatively much lower. Increasing immigration to … immigration in Japan is surprisingly rare. Rather, public opposition to immigration is often unquestioningly taken as a given … on immigration at the national and regional levels, considering factors that can influence respondents' perceptions. In …
Persistent link: https://www.econbiz.de/10010332492