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The driving forces behind the falling labour share and persistent unemployment in Japan
(Pacific Economic Review, 2011)Like in most advanced countries, the labour income share in Japan has been falling since the mid-1970s. However, in contrast to other advanced economies, Japan experienced an exceptional recessive period ... -
The fading 1990s in Japan: driving forces behind the unemployment upsurge
(International Review of Economics & Finance, 2009)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 ...