Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen:
https://hdl.handle.net/10419/46174
Kompletter Metadatensatz
DublinCore-Feld | Wert | Sprache |
---|---|---|
dc.contributor.author | Agnese, Pablo | en |
dc.date.accessioned | 2011-06-07 | - |
dc.date.accessioned | 2011-06-28T13:56:58Z | - |
dc.date.available | 2011-06-28T13:56:58Z | - |
dc.date.issued | 2011 | - |
dc.identifier.pi | urn:nbn:de:101:1-201104113366 | en |
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 |
dc.language.iso | eng | en |
dc.publisher | |aInstitute for the Study of Labor (IZA) |cBonn | en |
dc.relation.ispartofseries | |aIZA Discussion Papers |x5463 | en |
dc.subject.jel | C32 | en |
dc.subject.jel | E17 | en |
dc.subject.jel | E24 | en |
dc.subject.jel | J08 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | labor market dynamics | en |
dc.subject.keyword | structural multi-equation models | en |
dc.subject.keyword | chain reaction theory | en |
dc.subject.keyword | simulations | en |
dc.subject.stw | Arbeitslosigkeit | en |
dc.subject.stw | Arbeitsmarkt | en |
dc.subject.stw | Arbeitsproduktivität | en |
dc.subject.stw | Schätzung | en |
dc.title | The Japanese lost decade and beyond: A chain reaction theory approach | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 661583309 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
Datei(en):
Publikationen in EconStor sind urheberrechtlich geschützt.