This paper studies how well a search and matching model can describe aggregate Japanese labor market dynamics in a full information setting. We develop a discrete-time search and matching model with productivity and separation shocks and use it as a data-generating process for our empirical...

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 studies the impact of the robotics revolution on the labor market outcomes through the lens of capital-augmenting technological progress (CATP). A search-matching model with task-based aggregate production is developed to explore the condition under which CATP harms the labor market....

The regional data in Japan and the US reveal a negative association between inflation and the speed of aging, while exhibiting statistically weak and non-robust correlation between inflation and the degree of aging or population growth. These results call for further analysis of the transitional...

This paper studies a labor market search-matching model with multi-worker firms to investigate how firms utilize the extensive and intensive margins over the business cycle. The earnings function derived from the Stole-Zwiebel bargaining acts as an adjustment cost function for employment and...