Effects of region-specific shocks on labor market tightness and matching efficiency: evidence from the 2011 Tohoku Earthquake in Japan
Effects of region-specific shocks on labor market tightness and matching efficiency: evidence from the 2011 Tohoku Earthquake in Japan
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DOI：
10.1007/s00168-020-00980-w
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发表时间：
2020-02-21
影响因子：
1.7
通讯作者：
Higashi, Yudai
中科院分区：
文献类型：
--
作者：
Higashi, Yudai
本文研究了区域性冲击是否会改变区域劳动力市场的紧密度和匹配效率。我们认为，2011年3月东日本大地震造成的海啸和核灾难是一次区域性冲击。我们发现，劳动力市场的紧张程度，即劳动力短缺，发生在受灾地区的灾难后。受损地区的匹配效率恶化，表明失业和空缺的组成发生变化，导致更高的搜索摩擦。这种性质具有空间溢出效应，因为对重建的需求和从受损地区向外移民的需求普遍增加。
This paper examines whether region-specific shocks alter regional labor market tightness and matching efficiencies. We adopt the Great East Japan Earthquake of March 2011, which caused a tsunami and nuclear disaster, as a region-specific shock. We find that an increase in labor market tightness, namely, labor shortage, occurs in the damaged regions after the disaster. Matching efficiencies in the damaged regions deteriorate, suggesting that the composition of unemployment and vacancies changes, leading to higher search frictions. Such nature has spatial spillover effects because of the widespread increase in demand for reconstruction and out-migration from the damaged regions.