After the late 2000s, there were substantial fluctuations in unemployment during the Global Financial Crisis (GFC), Abenomics, and COVID-19 crisis, and their impact was uneven by gender and industry. This study examines the property of worker flows in Japan by focusing on gender and industry...

A standard endogenous separation model developed by Mortensen and Pissarides [1994] has a drawback in replicating the negative correlation between unemployment and vacancies. To address this, I extend the model by incorporating wage rigidity and modifying the assumption about idiosyncratic...

This study quantitatively evaluates two redistributive policies: the earned income tax credit (EITC) and universal basic income (UBI). We construct a continuous time heterogeneous agent model calibrated to the US economy and compare the expansion of the EITC with the introduction of UBI. Both...