Is Labor Market Mismatch a Big Deal in Japan? / Ippei Shibata.

Format:

Book

Government document

Author/Creator:

Shibata, Ippei.

Contributor:

International Monetary Fund.

Series:

IMF Working Papers; Working Paper ; No. 2013/196

IMF working paper ; WP/13/196

IMF Working Papers

Language:

English

Subjects (All):

Labor market--Japan.

Labor market.

Unemployment--Japan.

Unemployment.

Physical Description:

1 online resource (27 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2013.

Language Note:

English

Summary:

Despite its low unemployment rate, the recent shift in the Japanese Beveridge curve indicates increased labor mismatch. This paper quantifies the age, employment-type (full or part-time), and occupational mismatch in the Japanese labor market following Sahin and others (2013). Between April 2000 and April 2013, the age mismatch has steadily declined while the occupational and employmenttype mismatch has shown a countercyclical pattern, showing a sharp increase during the global financial crisis. Occupational mismatch accounted for approximtely 20-40 percent of the recent rise in the unemployment rate in Japan. The magnitude was comparable to that of the U.K. and the U.S.

Contents:

Cover; Table of contents; I. Introduction; Figures; Figure 1: Unemployment Rates; Figure 2: Japanese Beveridge Curve (1963-2013); II. Literature; III. Data; Tables; Table 1: Japan: Monthly Average and Shares (Percent) of Hires, Unemployment, and Vacancies: April 2000-April 2013; IV. Empirical Strategy; A. Mismatch Index; B. Mismatch Unemployment; V. Empirical Results; A. Mismatch Index in Japan; Figure 3: Mismatch Indices by Age, Employment-Type, and Occupational Groups; B. Mismatch Unemployment in Japan; Figure 4: Occupational Mismatch; Figure 5: Actual versus Counterfactual Unemployment

Table 2: Contribution of Mismatch to the Rise in the Unemployment Rate in JapanVI. Conclusions and Policy Discussions; References; Appendix; Figure 6: Vacancy-Unemployment Ratios: April 2000-April 2013; Figure 7: Job-Finding Rate and Vacancy Yield: Jan 1980-April 2013; Figure 8: Job-Finding Rate and Vacancy Yields by Age Group: April 2000-April 2013; Figure 9: Job-Finding Rate and Vacancy Yields by Employment Type: April 2000-April 2013; Figure 10: Job-Finding Rate and Vacancy Yields by Occupation: April 2000-April 2013; Figure 11: Three Measures of Mismatch in Japan: April 2000-April 2013

Notes:

Description based upon print version of record.

Includes bibliographical references.

Description based on online resource; title from PDF title page (ebrary, viewed November 23, 2013).

ISBN:

9781484381199

148438119X

9781484310977

1484310977

9781475573800

1475573804