Agnese, Pablo; Sala, Hector - In: International Review of Economics & Finance 18 (2009) 3, pp. 428-439
This paper sheds new light on the causes of the unemployment upsurge in Japan during the "fading 1990s", an unprecedented period of structural crisis. We estimate a labor market model and identify the main macroeconomic determinants of labor demand and labor supply decisions in the last decades....