TFP growth slowdown and the Japanese labor market in the 1990s
TFP growth slowdown and the Japanese labor market in the 1990s
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DOI：
10.1016/j.jjie.2009.11.002
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发表时间：
2010-03-01
影响因子：
2.9
通讯作者：
Tanaka, Ryuichi
中科院分区：
文献类型：
--
作者：
Esteban-Pretel, Julen;Nakajima, Ryo;Tanaka, Ryuichi
日本的失业率在20世纪90年代几乎增加了两倍。这种高涨的背后是工人失去工作的可能性增加，而失业者找到工作的可能性下降。本文分析了20世纪90年代日本劳动力市场变化的原因。我们建立、校准并模拟了一个包含劳动力市场搜索摩擦的新古典增长模型。利用实际TFP数据，该模型能够再现失业和就业流动的路径，以及产出的路径。我们发现，生产力的下降，加上工作时间的减少，限制了公司的利润，导致了就业的减少和失业的增加。J.日语；经济体24(1)(2010)50-68。日本东京大学；日本横滨国立大学；东京工业大学，日本。(C) 2009爱思唯尔公司版权所有。
Unemployment in Japan nearly tripled during the 1990s. Underlying this upsurge lie an increase in the probability of workers to lose their jobs and a decrease in the probability that the unemployed find jobs. This paper analyzes the sources responsible for these labor market changes in Japan in the decade of the 1990s. We build, calibrate, and simulate a neo-classical growth model with search frictions in the labor market. Using actual TFP data, the model is able to reproduce the path of unemployment and the job flows, as well as that of output. We find it to be the decrease in productivity, coupled with the reduction in hours worked, which curtails the profits of firms, inducing a drop in employment and an increase in unemployment. J. Japanese Int. Economies 24 (1) (2010) 50-68. University of Tokyo, Japan; Yokohama National University, Japan; Tokyo Institute of Technology, Japan. (C) 2009 Elsevier Inc. All rights reserved.