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Japan has suffered from sluggish economic growth and recession since the 1990s, a phenomenon dubbed "Japan's Lost Decade." The People's Republic of China, many countries in the eurozone, and the United States may face similar problems in future and they have been concerned by Japan's long-term...
Persistent link: https://www.econbiz.de/10010505168
In our article we review the secular stagnation hypothesis, firstly postulated by Hansen (1939), to describe the current macroeconomic dynamics faced by developed economies. Based in the existing literature, we elaborate on a workable definition of secular stagnation founded on four pillars:...
Persistent link: https://www.econbiz.de/10012815750
Japan is in the midst of a protracted spell of depressed economic activity. Japan's economic stagnation has occurred against a background of rising earnings risk. Occupational stability is falling as routine occupations disappear and implicit lifetime employment guarantees are gradually...
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This paper analyzes the job creation, job destruction and job turnover in the Brazilian private sector between 1997 and 2012 as proposed by Davis and Haltiwanger (1992), with particular attention to fluctuations after the 2008 financial crisis. This crisis is considered an adverse shock in the...
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The text contributes to the discussion of the National Culture Plan's Goal, which proposes to increase formal employment in the cultural sector, supported by Rais. The cultural labor market is approached from the PNAD Continuous, because it includes informality, a dynamic not covered by Rais. It...
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