To Fire or to Hoard? Explaining Japan’s Labor Market Response in the Great Recession
By:Chad Steinberg,Mr. Masato Nakane
Published on 2011-01-01 by International Monetary Fund
The Great Recession pushed Japan’s unemployment rate to historic highs, but the increase has been small by international standards and small relative to the large output shock. This paper explores Japan’s cyclical labor market response to the global financial crisis. Our findings suggest that: (i) employment responsiveness has been historically low but rising over time with the increasing importance of the non-regular workforce; (ii) the labor market response was consistent with historical patterns once we control for the size of the output shock; and (iii) the comparatively lower employment response vis-à-vis other countries can in part be explained by the quick implementation of an employment subsidy program, a more flexible wage system, and a corporate governance structure that places workers rights above shareholders.
This Book was ranked at 2 by Google Books for keyword economics explained.
Book ID of To Fire or to Hoard? Explaining Japan’s Labor Market Response in the Great Recession's Books is hTq41Cjv2qYC, Book which was written byChad Steinberg,Mr. Masato Nakanehave ETAG "uVSb6x5Dm+A"
Book which was published by International Monetary Fund since 2011-01-01 have ISBNs, ISBN 13 Code is 9781455253869 and ISBN 10 Code is 1455253863
Reading Mode in Text Status is true and Reading Mode in Image Status is true
Book which have "30 Pages" is Printed at BOOK under CategoryBusiness and Economics
This Book was rated by Raters and have average rate at ""
This eBook Maturity (Adult Book) status is NOT_MATURE
Book was written in en
eBook Version Availability Status at PDF is true and in ePub is true
Book Preview
Tidak ada komentar:
Posting Komentar