Details about Toshihiko Mukoyama

Access statistics for papers by Toshihiko Mukoyama.

Last updated 2025-04-06. Update your information in the RePEc Author Service.

Short-id: pmu40

Working Papers

2024

1. Propagation of Export Shocks: The Great Recession in Japan
   Discussion papers, Research Institute of Economy, Trade and Industry (RIETI)

2023

2. Occupational Reallocation Within and Across Firms: Implications for labor-market polarization
   Discussion papers, Research Institute of Economy, Trade and Industry (RIETI)
   See also Journal Article Occupational reallocation within and across firms: Implications for labor market polarization, Journal of Monetary Economics, Elsevier (2025) (2025)

2020

3. Firm Growth through New Establishments
   Working Papers, Georgetown University, Department of Economics View citations (3)
   Also in 2019 Meeting Papers, Society for Economic Dynamics (2019) View citations (19)
4. Gross Worker Flows and Fluctuations in the Aggregate Labor Market
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
   See also Journal Article Gross Worker Flows and Fluctuations in the Aggregate Labor Market, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2020) View citations (7) (2020)
5. Job Duration and Match Characteristics over the Business Cycle
   Working Papers, Georgetown University, Department of Economics View citations (2)
   See also Journal Article Job Duration and Match Characteristics over the Business Cycle, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2020) View citations (3) (2020)
6. MIT Shocks Imply Market Incompleteness
   Working Papers, Georgetown University, Department of Economics
   See also Journal Article MIT shocks imply market incompleteness, Economics Letters, Elsevier (2021) View citations (1) (2021)

2018

7. Barriers to Reallocation and Economic Growth: the Effects of Firing Costs
   Working Papers, Georgetown University, Department of Economics View citations (7)
   See also Journal Article Barriers to Reallocation and Economic Growth: The Effects of Firing Costs, American Economic Journal: Macroeconomics, American Economic Association (2019) View citations (17) (2019)
8. Cyclical Part-Time Employment in an Estimated New Keynesian Model with Search Frictions
   CIRJE F-Series, CIRJE, Faculty of Economics, University of Tokyo
   Also in Working Papers, Georgetown University, Department of Economics (2018) View citations (3)
   See also Journal Article Cyclical Part‐Time Employment in an Estimated New Keynesian Model with Search Frictions, Journal of Money, Credit and Banking, Blackwell Publishing (2021) View citations (1) (2021)
9. Heterogeneous Jobs and the Aggregate Labor Market
   Working Papers, Georgetown University, Department of Economics
   See also Journal Article Heterogeneous Jobs and the Aggregate Labour Market, The Japanese Economic Review, Japanese Economic Association (2019) View citations (8) (2019)

2017

10. Gross worker flows over the business cycle
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library View citations (40)
    Also in Discussion Papers, Centre for Macroeconomics (CFM) (2015) View citations (4)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2015) View citations (3)
    See also Journal Article Gross Worker Flows over the Business Cycle, American Economic Review, American Economic Association (2017) View citations (51) (2017)

2015

11. Employment Duration over the Business Cycle: Quits vs. Firings
    2015 Meeting Papers, Society for Economic Dynamics
12. Industrialization and the Evolution of Enforcement Institutions
    2015 Meeting Papers, Society for Economic Dynamics View citations (1)
    See also Journal Article Industrialization and the evolution of enforcement institutions, Economic Theory, Springer (2020) View citations (9) (2020)

2014

13. Job search behavior over the business cycle
    Staff Reports, Federal Reserve Bank of New York View citations (9)
    Also in 2013 Meeting Papers, Society for Economic Dynamics (2013) View citations (11)
    See also Journal Article Job Search Behavior over the Business Cycle, American Economic Journal: Macroeconomics, American Economic Association (2018) View citations (61) (2018)

2013

14. The Political Economy of Entry Barriers
    2013 Meeting Papers, Society for Economic Dynamics
    See also Journal Article The Political Economy of Entry Barriers, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2014) View citations (12) (2014)
15. The cyclicality of job-to-job transitions and its implications for aggregate productivity
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (2)
    See also Journal Article The cyclicality of job-to-job transitions and its implications for aggregate productivity, Journal of Economic Dynamics and Control, Elsevier (2014) View citations (27) (2014)

2012

16. Is Labor Supply Important for Business Cycles?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (26)

2011

17. Evaluating the Effects of Entry Regulations and Firing Costs on International Income Differences
    Virginia Economics Online Papers, University of Virginia, Department of Economics View citations (37)
    See also Journal Article Evaluating the effects of entry regulations and firing costs on international income differences, Journal of Economic Growth, Springer (2012) View citations (96) (2012)
18. Labor Supply and Frictions over the Business Cycle
    2011 Meeting Papers, Society for Economic Dynamics View citations (3)

2010

19. Understanding the Welfare Effects of Unemployment Insurance Policy in General Equilibrium
    2010 Meeting Papers, Society for Economic Dynamics View citations (3)
    See also Journal Article Understanding the welfare effects of unemployment insurance policy in general equilibrium, Journal of Macroeconomics, Elsevier (2013) View citations (23) (2013)

2009

20. A Three State Model of Worker Flows in General Equilibrium
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2009) View citations (13)
    See also Journal Article A three state model of worker flows in general equilibrium, Journal of Economic Theory, Elsevier (2011) View citations (76) (2011)
21. Aggregate Labor Market Outcomes: The Role of Choice and Chance
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2009) View citations (9)
    See also Journal Article Aggregate labor market outcomes: The roles of choice and chance, Quantitative Economics, Econometric Society (2010) View citations (29) (2010)
22. Employment in the US and Europe: The Roles of Taxes and Benefits
    2009 Meeting Papers, Society for Economic Dynamics
23. Labor supply in a frictional labor market
    2009 Meeting Papers, Society for Economic Dynamics View citations (2)
24. Labor-Market Matching with Precautionary Savings and Aggregate Fluctuations
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (39)
    Also in Levine's Bibliography, UCLA Department of Economics (2007) View citations (10)
    NBER Working Papers, National Bureau of Economic Research, Inc (2009) View citations (2)
    See also Journal Article Labour-Market Matching with Precautionary Savings and Aggregate Fluctuations, The Review of Economic Studies, Review of Economic Studies Ltd (2010) View citations (221) (2010)
25. On the Establishment Dynamics in the United States and Japan
    IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan View citations (2)
    See also Journal Article On the Establishment Dynamics in the United States and Japan, Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan (2009) View citations (2) (2009)

2008

26. Aggregate Implications of Indivisible Labor, Incomplete Markets, and Labor Market Frictions
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (35)
    See also Journal Article Aggregate implications of indivisible labor, incomplete markets, and labor market frictions, Journal of Monetary Economics, Elsevier (2008) View citations (40) (2008)
27. Appendices for "Revisiting the Welfare Effects of Eliminating Business Cycles"
    Online Appendices, Review of Economic Dynamics
    See also Journal Article Revisiting the Welfare Effects of Eliminating Business Cycles, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2009) View citations (114) (2009)
28. Asset Prices in a Huggett Economy
    2008 Meeting Papers, Society for Economic Dynamics View citations (1)
    See also Journal Article Asset prices in a Huggett economy, Journal of Economic Theory, Elsevier (2011) View citations (79) (2011)
29. Entry, Exit, and Plant-Level Dynamics over the Business Cycle
    Working Papers, U.S. Census Bureau, Center for Economic Studies View citations (53)
    Also in 2008 Meeting Papers, Society for Economic Dynamics (2008) View citations (52)
    Working Papers (Old Series), Federal Reserve Bank of Cleveland (2008) View citations (69)
30. Revisiting the Welfare Effects of Eliminating Business Cycles: The case of short-term and long-term unemployment
    2008 Meeting Papers, Society for Economic Dynamics

2007

31. The Aggregate Implications of Indivisible Labor, Incomplete Markets and Search Frictions
    2007 Meeting Papers, Society for Economic Dynamics View citations (1)

2005

32. Costs of Business Cycles for Unskilled Workers
    Working Papers, Concordia University, Department of Economics View citations (3)
    Also in Staff Reports, Federal Reserve Bank of New York (2005) View citations (1)
    Cahiers de recherche, Centre interuniversitaire de recherche en économie quantitative, CIREQ (2005) View citations (3)
    See also Journal Article Costs of business cycles for unskilled workers, Journal of Monetary Economics, Elsevier (2006) View citations (57) (2006)
33. Rosenberg's "Learning by Using" and Technology Diffusion
    Cahiers de recherche, Centre interuniversitaire de recherche en économie quantitative, CIREQ
    Also in Working Papers, Concordia University, Department of Economics (2004)
    See also Journal Article Rosenberg's "learning by using" and technology diffusion, Journal of Economic Behavior & Organization, Elsevier (2006) View citations (17) (2006)
34. Specialization and Human Capital in Search Equilibrium
    Cahiers de recherche, Centre interuniversitaire de recherche en économie quantitative, CIREQ
    See also Journal Article Specialization and Human Capital in Search Equilibrium, Journal of the European Economic Association, MIT Press (2006) View citations (4) (2006)

2004

35. On the Changing Structure of Unemployment Duration
    2004 Meeting Papers, Society for Economic Dynamics
36. On the Welfare Effect of Cyclical Policies under Incomplete Markets and Labor Market Frictions
    2004 Meeting Papers, Society for Economic Dynamics
37. Repeated Moral Hazard with Persistence
    Cahiers de recherche, Centre interuniversitaire de recherche en économie quantitative, CIREQ View citations (1)
    See also Journal Article Repeated moral hazard with persistence, Economic Theory, Springer (2005) View citations (21) (2005)
38. Why Did the Average Duration of Unemployment Become So Much Longer?
    Working Papers, Concordia University, Department of Economics View citations (5)
    Also in Staff Reports, Federal Reserve Bank of New York (2004) View citations (2)
    See also Journal Article Why did the average duration of unemployment become so much longer?, Journal of Monetary Economics, Elsevier (2009) View citations (29) (2009)

2003

39. A Theory of Technology Diffusion
    Macroeconomics, University Library of Munich, Germany View citations (2)

Journal Articles

2025

1. Occupational reallocation within and across firms: Implications for labor market polarization
   Journal of Monetary Economics, 2025, 150, (C)
   See also Working Paper Occupational Reallocation Within and Across Firms: Implications for labor-market polarization, Discussion papers (2023) (2023)

2023

2. In defense of the Kaldor-Hicks criterion
   Economics Letters, 2023, 224, (C)

2021

3. Cyclical Part‐Time Employment in an Estimated New Keynesian Model with Search Frictions
   Journal of Money, Credit and Banking, 2021, 53, (8), 1929-1968 View citations (1)
   See also Working Paper Cyclical Part-Time Employment in an Estimated New Keynesian Model with Search Frictions, CIRJE F-Series (2018) (2018)
4. MIT shocks imply market incompleteness
   Economics Letters, 2021, 198, (C) View citations (1)
   See also Working Paper MIT Shocks Imply Market Incompleteness, Working Papers (2020) (2020)

2020

5. Gross Worker Flows and Fluctuations in the Aggregate Labor Market
   Review of Economic Dynamics, 2020, 37 Supplement 1, S205-S226 View citations (7)
   See also Software Item Code and data files for "Gross Worker Flows and Fluctuations in the Aggregate Labor Market", Computer Codes (2020) (2020)
   Working Paper Gross Worker Flows and Fluctuations in the Aggregate Labor Market, NBER Working Papers (2020) View citations (7) (2020)
6. Industrialization and the evolution of enforcement institutions
   Economic Theory, 2020, 69, (3), 745-788 View citations (9)
   See also Working Paper Industrialization and the Evolution of Enforcement Institutions, 2015 Meeting Papers (2015) View citations (1) (2015)
7. Job Duration and Match Characteristics over the Business Cycle
   Review of Economic Dynamics, 2020, 37, 33-53 View citations (3)
   See also Working Paper Job Duration and Match Characteristics over the Business Cycle, Working Papers (2020) View citations (2) (2020)
   Software Item Code and data files for "Job Duration and Match Characteristics over the Business Cycle", Computer Codes (2020) (2020)

2019

8. Barriers to Reallocation and Economic Growth: The Effects of Firing Costs
   American Economic Journal: Macroeconomics, 2019, 11, (4), 235-70 View citations (17)
   See also Working Paper Barriers to Reallocation and Economic Growth: the Effects of Firing Costs, Working Papers (2018) View citations (7) (2018)
9. Heterogeneous Jobs and the Aggregate Labour Market
   The Japanese Economic Review, 2019, 70, (1), 30-50 View citations (8)
   Also in The Japanese Economic Review, 2019, 70, (1), 30-50 (2019) View citations (8)
   See also Working Paper Heterogeneous Jobs and the Aggregate Labor Market, Working Papers (2018) (2018)
10. JOBS BEFORE COLLEGE COMPLETION AND CAREER BUILDING OF YOUNG WORKERS THROUGH JOB SWITCHING
    Macroeconomic Dynamics, 2019, 23, (7), 2892-2940

2018

11. A model of entry, exit, and plant-level dynamics over the business cycle
    Journal of Economic Dynamics and Control, 2018, 96, (C), 1-25 View citations (20)
12. Job Search Behavior over the Business Cycle
    American Economic Journal: Macroeconomics, 2018, 10, (1), 190-215 View citations (61)
    See also Working Paper Job search behavior over the business cycle, Staff Reports (2014) View citations (9) (2014)

2017

13. Gross Worker Flows over the Business Cycle
    American Economic Review, 2017, 107, (11), 3447-76 View citations (51)
    See also Working Paper Gross worker flows over the business cycle, LSE Research Online Documents on Economics (2017) View citations (40) (2017)

2015

14. Entry and exit of manufacturing plants over the business cycle
    European Economic Review, 2015, 77, (C), 20-27 View citations (113)
15. Productivity and employment dynamics of US manufacturing plants
    Economics Letters, 2015, 136, (C), 190-193 View citations (21)

2014

16. The Political Economy of Entry Barriers
    Review of Economic Dynamics, 2014, 17, (3), 383-416 View citations (12)
    See also Software Item Code files for "The Political Economy of Entry Barriers", Computer Codes (2013) (2013)
    Working Paper The Political Economy of Entry Barriers, 2013 Meeting Papers (2013) (2013)
17. The cyclicality of job-to-job transitions and its implications for aggregate productivity
    Journal of Economic Dynamics and Control, 2014, 39, (C), 1-17 View citations (27)
    See also Working Paper The cyclicality of job-to-job transitions and its implications for aggregate productivity, International Finance Discussion Papers (2013) View citations (2) (2013)

2013

18. Understanding the welfare effects of unemployment insurance policy in general equilibrium
    Journal of Macroeconomics, 2013, 38, (PB), 347-368 View citations (23)
    See also Working Paper Understanding the Welfare Effects of Unemployment Insurance Policy in General Equilibrium, 2010 Meeting Papers (2010) View citations (3) (2010)

2012

19. Evaluating the effects of entry regulations and firing costs on international income differences
    Journal of Economic Growth, 2012, 17, (2), 143-170 View citations (96)
    See also Working Paper Evaluating the Effects of Entry Regulations and Firing Costs on International Income Differences, Virginia Economics Online Papers (2011) View citations (37) (2011)

2011

20. A three state model of worker flows in general equilibrium
    Journal of Economic Theory, 2011, 146, (3), 1107-1133 View citations (76)
    See also Working Paper A Three State Model of Worker Flows in General Equilibrium, NBER Working Papers (2009) View citations (3) (2009)
21. Asset prices in a Huggett economy
    Journal of Economic Theory, 2011, 146, (3), 812-844 View citations (79)
    See also Working Paper Asset Prices in a Huggett Economy, 2008 Meeting Papers (2008) View citations (1) (2008)

2010

22. Aggregate labor market outcomes: The roles of choice and chance
    Quantitative Economics, 2010, 1, (1), 97-127 View citations (29)
    See also Working Paper Aggregate Labor Market Outcomes: The Role of Choice and Chance, NBER Working Papers (2009) View citations (3) (2009)
23. Labour-Market Matching with Precautionary Savings and Aggregate Fluctuations
    The Review of Economic Studies, 2010, 77, (4), 1477-1507 View citations (221)
    See also Working Paper Labor-Market Matching with Precautionary Savings and Aggregate Fluctuations, CEPR Discussion Papers (2009) View citations (39) (2009)
24. Welfare effects of unanticipated policy changes with complete asset markets
    Economics Letters, 2010, 109, (2), 134-138 View citations (6)

2009

25. A simple model of productivity slowdown
    Applied Economics Letters, 2009, 16, (5), 455-458
26. On the Establishment Dynamics in the United States and Japan
    Monetary and Economic Studies, 2009, 27, (1), 53-74 View citations (2)
    See also Working Paper On the Establishment Dynamics in the United States and Japan, IMES Discussion Paper Series (2009) View citations (2) (2009)
27. Revisiting the Welfare Effects of Eliminating Business Cycles
    Review of Economic Dynamics, 2009, 12, (3), 393-402 View citations (114)
    See also Working Paper Appendices for "Revisiting the Welfare Effects of Eliminating Business Cycles", Online Appendices (2008) (2008)
    Software Item Code files for "Revisiting the Welfare Effects of Eliminating Business Cycles", Computer Codes (2008) (2008)
28. Specialization and efficiency with labor-market matching
    Journal of Economic Dynamics and Control, 2009, 33, (1), 221-236 View citations (1)
29. Why did the average duration of unemployment become so much longer?
    Journal of Monetary Economics, 2009, 56, (2), 200-209 View citations (29)
    See also Working Paper Why Did the Average Duration of Unemployment Become So Much Longer?, Working Papers (2004) View citations (5) (2004)

2008

30. Aggregate implications of indivisible labor, incomplete markets, and labor market frictions
    Journal of Monetary Economics, 2008, 55, (5), 961-979 View citations (40)
    See also Working Paper Aggregate Implications of Indivisible Labor, Incomplete Markets, and Labor Market Frictions, NBER Working Papers (2008) View citations (35) (2008)
31. Endogenous depreciation, mismeasurement of aggregate capital, and the productivity slowdown
    Journal of Macroeconomics, 2008, 30, (1), 513-522 View citations (7)

2006

32. Costs of business cycles for unskilled workers
    Journal of Monetary Economics, 2006, 53, (8), 2179-2193 View citations (57)
    See also Working Paper Costs of Business Cycles for Unskilled Workers, Working Papers (2005) View citations (3) (2005)
33. Rosenberg's "learning by using" and technology diffusion
    Journal of Economic Behavior & Organization, 2006, 61, (1), 123-144 View citations (17)
    See also Working Paper Rosenberg's "Learning by Using" and Technology Diffusion, Cahiers de recherche (2005) (2005)
34. Specialization and Human Capital in Search Equilibrium
    Journal of the European Economic Association, 2006, 4, (2-3), 503-512 View citations (4)
    See also Working Paper Specialization and Human Capital in Search Equilibrium, Cahiers de recherche (2005) (2005)

2005

35. Repeated moral hazard with persistence
    Economic Theory, 2005, 25, (4), 831-854 View citations (21)
    See also Working Paper Repeated Moral Hazard with Persistence, Cahiers de recherche (2004) View citations (1) (2004)

2004

36. Diffusion and Innovation of New Technologies under Skill Heterogeneity
    Journal of Economic Growth, 2004, 9, (4), 451-479 View citations (5)

2003

37. Innovation, imitation, and growth with cumulative technology
    Journal of Monetary Economics, 2003, 50, (2), 361-380 View citations (51)

Software Items

2020

1. Code and data files for "Gross Worker Flows and Fluctuations in the Aggregate Labor Market"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article Gross Worker Flows and Fluctuations in the Aggregate Labor Market, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2020) View citations (7) (2020)
2. Code and data files for "Job Duration and Match Characteristics over the Business Cycle"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article Job Duration and Match Characteristics over the Business Cycle, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2020) View citations (3) (2020)

2013

3. Code files for "The Political Economy of Entry Barriers"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article The Political Economy of Entry Barriers, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2014) View citations (12) (2014)

2008

4. Code files for "Revisiting the Welfare Effects of Eliminating Business Cycles"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article Revisiting the Welfare Effects of Eliminating Business Cycles, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2009) View citations (114) (2009)