The fading 1990s in Japan: driving forces behind the unemployment upsurge
Author
Agnese, Pablo
Sala, Hector
Publication date
2009ISSN
1059-0560
Abstract
This paper sheds new light on the causes of the unemployment upsurge in Japan during the “fading 1990s”, an unprecedented period of structural crisis. We estimate a labor market model and identify the main macroeconomic determinants of labor demand and labor supply decisions in the last decades. We then conduct dynamic simulations and assess the relative contribution of these determinants to the evolution of unemployment from 1990 to 2002. Beyond the leading role exerted by the decline in productivity growth, we find the active and expansionary measures undertaken by the government had an overall negative effect on the labor market.
Document Type
Article
Document version
Published version
Language
English
Subject (CDU)
33 - Economics. Economic science
Keywords
Atur
Desempleo
Unemployment
Japan
Japó
Japón
Pages
11
Publisher
Elsevier
Collection
18; 3
Is part of
International Review of Economics & Finance
Citation
Agnese, Pablo; Sala, Hector. The fading 1990s in Japan: Driving forces behind the unemployment upsurge. International Review of Economics & Finance, 2009, 18(3), p. 428-439. Disponible en: <https://www.sciencedirect.com/science/article/abs/pii/S1059056008000956>. Fecha de acceso: 27 feb. 2024. DOI: 10.1016/j.iref.2008.09.005.
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Rights
© 2008 Elsevier B.V. All rights reserved.