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Forschungsinstitut zur Zukunft der Arbeit (IZA), Bonn >
IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA) >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/46174
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Agnese, Pablo | | en_US |
| dc.date.accessioned | | 2011-06-07 | | en_US |
| dc.date.accessioned | | 2011-06-28T13:56:58Z | | - |
| dc.date.available | | 2011-06-28T13:56:58Z | | - |
| dc.date.issued | | 2011 | | en_US |
| dc.identifier.pi | | urn:nbn:de:101:1-201104113366 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/46174 | | - |
| dc.description.abstract | | The Japanese lost decade has become an intriguing puzzle for both economists and policy-makers alike, as the unemployment rate climbed to unprecedented levels and the growth rate of productivity decreased considerably. More recent times seem to present with a more optimistic outlook, but this is not yet the last word in the matter. In this paper we estimate two alternative multi-equation structural models descriptive of the Japanese labor market, that are then used to conduct dynamic simulations both for the lost decade period (1990-2002) and beyond (2002-2007). Our results point, primarily, to the damaging effects of the ever-increasing public debt as a major source of labor market inefficiencies. In addition, we find the fall in labor union power to have a significant easing effect on the unemployment rate, but also to be a major driver in the apparently eroding pattern of the labor income share in recent years. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | IZA Bonn | | en_US |
| dc.relation.ispartofseries | | Discussion paper series // Forschungsinstitut zur Zukunft der Arbeit 5463 | | en_US |
| dc.subject.jel | | C32 | | en_US |
| dc.subject.jel | | E17 | | en_US |
| dc.subject.jel | | E24 | | en_US |
| dc.subject.jel | | J08 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | labor market dynamics | | en_US |
| dc.subject.keyword | | structural multi-equation models | | en_US |
| dc.subject.keyword | | chain reaction theory | | en_US |
| dc.subject.keyword | | simulations | | en_US |
| dc.subject.stw | | Arbeitslosigkeit | | en_US |
| dc.subject.stw | | Arbeitsmarkt | | en_US |
| dc.subject.stw | | Arbeitsproduktivität | | en_US |
| dc.subject.stw | | Schätzung | | en_US |
| dc.title | | The Japanese lost decade and beyond: A chain reaction theory approach | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 661583309 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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