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variables in Japan and compare these to their U.S. counterparts. We then build, parametrize, and simulate three different … Japan, since the model is unable to generate as much volatility on the market tightness as in the data. …
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We construct worker flows for the Japanese labor market in an internationally comparable manner, and study the consequences of the deep and lasting recession of the 1990s in the Japanese labor market. We analyze the changes in employment, unemployment and inactivity, as well as the worker flows...
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