Is Labor Market Mismatch a Big Deal in Japan?
The B.E. Journal of Macroeconomics, 2020, vol. 20, issue 2, 28
This paper estimates Japanese labor market mismatch between 2000 and 2019 by using the method of Sahin et al. (“Mismatch Unemployment.” The American Economic Review 104 (11): 3529–64, 2014). We quantify contract-type (regular or non-regular), employment-type (full or part-time), and occupational mismatch and their respective contributions to changes in unemployment. All three types of mismatch show a countercyclical pattern, sharply increasing during the global financial crisis (GFC), but slowly declining during the recovery. Contract-type and occupational mismatch accounted for a significant portion of the rise in the unemployment rate during the GFC, each accounting for around 30 and 20–40 percent, respectively. Employment-type mismatch, on the other hand, accounted for much less–at around 15 perecent of the rise in unemployment for the same period.
Keywords: Japanese labor market; mismatch; unemployment; vacancies; E24; J23; J63; J64 (search for similar items in EconPapers)
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Journal Article: Is Labor Market Mismatch a Big Deal in Japan? (2020)
Working Paper: Is Labor Market Mismatch a Big Deal in Japan? (2013)
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