Size-specific Effects in Job Reallocation and Worker Mobility: Japan’s Experience from the 1990s

Yuko Ueno

No 624, CIS Discussion paper series from Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University

Abstract: This study finds a strong and positive correlation between the net job-creation rates of large employers and labor market tightness (i.e., ratio of job offers to job-seekers) in business cycle frequencies in Japan. This correlation is much stronger than that seen among smaller employers, and is mainly due to pro-cyclicality in job creation at large firms. Furthermore, large firms offer relatively higher wages to job-changers at the point of job transition in a tight labor market than do small firms. However, such pro-cyclicality in wage offers are less evident at large firms conditioned with the change in the level of new vacancies. One of the background factors for the weak pro-cyclicality of wage offers by large firms could be that they offer a superior internal market.

Pages: 50 pages
Date: 2014-04
New Economics Papers: this item is included in nep-lab
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://hermes-ir.lib.hit-u.ac.jp/hermes/ir/re/26584/cis_dp624.pdf

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hit:cisdps:624

Access Statistics for this paper

More papers in CIS Discussion paper series from Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University Contact information at EDIRC.
Bibliographic data for series maintained by Digital Resources Section, Hitotsubashi University Library ().