Labor market fluctuations in Japan and the U.S.--how similar are they?

Hesna Genay and Prakash Loungani

Economic Perspectives, 1997, vol. 21, issue May, 15-28

Abstract: This article examines the sources of fluctuations in Japanese and U.S. labor markets. Despite the differences in the structures of the two labor markets, the authors find that unemployment and vacancies respond similarly to aggregate shocks. However, different shocks appear to be important in explaining fluctuations in the two labor markets.

Keywords: Labor market; Unemployment (search for similar items in EconPapers)
Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedhep:y:1997:i:may:p:15-28:n:v.21no.3

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