Vacancies, Job Seekers, and Minimum Wages:Evidence from Public Employment Placement Service Data

Souichi Ohta and Kazutomo Komae
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Souichi Ohta: Faculty of Economics, Keio University
Kazutomo Komae: Graduate School of Economics, The University of Tokyo

No 2022-004, Keio-IES Discussion Paper Series from Institute for Economics Studies, Keio University

Abstract: This paper investigates the impact of a minimum wage increase on the number of vacancies and job seekers using data from Japan's public employment placement service. The results show that for 2005-2019, a rise in the minimum wage reduced the number of vacancies. On the other hand, it increased the number of job seekers and then decreased the vacancy-job seeker ratio. Some part of this came from the increased job separation into unemployment. The impact of a minimum wage rise is conspicuous during the period of the slack labor market, for prefectures with high Kaitz indices or with a high proportion of small firms, and part-time jobs.

Keywords: Minimum Wages; Vacancies; Job Seekers; Labor Market Flows; Search and Matching (search for similar items in EconPapers)
JEL-codes: J63 J64 J65 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2022-03-09
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