To Fire Or To Hoard Explaining Japans Labor Market Response In The Great Recession

Author : Mr.Masato Nakane
Publisher : International Monetary Fund
ISBN 13 : 1455212512
Total Pages : 31 pages
Book Rating : 4.14/5 ( download)

DOWNLOAD NOW!

Download or read book To Fire or to Hoard? Explaining Japan’s Labor Market Response in the Great Recession written by Mr.Masato Nakane and published by International Monetary Fund. This book was released on 2011-01-01 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Author : Mr.Ippei Shibata
Publisher : International Monetary Fund
ISBN 13 : 1484392272
Total Pages : 26 pages
Book Rating : 4.70/5 ( download)

DOWNLOAD NOW!

Download or read book Is Labor Market Mismatch a Big Deal in Japan? written by Mr.Ippei Shibata and published by International Monetary Fund. This book was released on 2013-09-17 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite its low unemployment rate, the recent shift in the Japanese Beveridge curve indicates increased labor mismatch. This paper quantifies the age, employment-type (full or part-time), and occupational mismatch in the Japanese labor market following Sahin and others (2013). Between April 2000 and April 2013, the age mismatch has steadily declined while the occupational and employmenttype mismatch has shown a countercyclical pattern, showing a sharp increase during the global financial crisis. Occupational mismatch accounted for approximtely 20-40 percent of the recent rise in the unemployment rate in Japan. The magnitude was comparable to that of the U.K. and the U.S.

Author : Yoichi Funabashi
Publisher : Routledge
ISBN 13 : 131750335X
Total Pages : 424 pages
Book Rating : 4.54/5 ( download)

DOWNLOAD NOW!

Download or read book Examining Japan's Lost Decades written by Yoichi Funabashi and published by Routledge. This book was released on 2015-04-10 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines five features of Japan’s ‘Lost Decades’: the speed of the economic decline in Japan compared to Japan’s earlier global prowess; a rapidly declining population; considerable political instability and failed reform attempts; shifting balances of power in the region and changing relations with Asian neighbouring nations; and the lingering legacy of World War Two. Addressing the question of why the decades were lost, this book offers 15 new perspectives ranging from economics to ideology and beyond. Investigating problems such as the risk-averse behaviour of Japan’s bureaucracy and the absence of strong political leadership, the authors analyse how the delay of ‘loss-cutting policies’ led to the 1997 financial crisis and a state of political gridlock where policymakers could not decide on firm strategies that would benefit national interests. To discuss the rebuilding of Japan, the authors argue that it is first essential to critically examine Japan’s ‘Lost Decades’ and this book offers a comprehensive overview of Japan’s recent 20 years of crisis. The book reveals that the ‘Lost Decades’ is not an issue unique to the Japanese context but has global relevance, and its study can provide important insights into challenges being faced in other mature economies. With chapters written by some of the world’s leading Japan specialists and chapters focusing on a variety of disciplines, this book will be of interest to students and scholars in the areas of Japan studies, Politics, International Relations, Security Studies, Government Policy and History.

Author : OECD
Publisher : OECD Publishing
ISBN 13 : 9264227202
Total Pages : 199 pages
Book Rating : 4.00/5 ( download)

DOWNLOAD NOW!

Download or read book Back to Work: Japan Improving the Re-employment Prospects of Displaced Workers written by OECD and published by OECD Publishing. This book was released on 2015-01-19 with total page 199 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report shows that Japanese employers and the government go to considerable lengths to avoid the displacement of regular workers while also providing considerable lengths to avoid the displacement of regular workers while also providing considerable support to displaced workers.

Author : OECD
Publisher : OECD Publishing
ISBN 13 : 9264093133
Total Pages : 168 pages
Book Rating : 4.33/5 ( download)

DOWNLOAD NOW!

Download or read book OECD Economic Surveys: Japan 2011 written by OECD and published by OECD Publishing. This book was released on 2011-04-21 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: OECD's 2011 review of the Japanese economy. This edition includes chapters covering the economic recovery, achieving fiscal stability, Japan's growth strategy to create demand and jobs, education reform in Japan, and labour market reforms to improve ...

Author : International Monetary Fund. Asia and Pacific Dept
Publisher : International Monetary Fund
ISBN 13 : 1475522525
Total Pages : 86 pages
Book Rating : 4.25/5 ( download)

DOWNLOAD NOW!

Download or read book Japan written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2016-08-02 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper discusses the findings of the IMF staff research focusing on labor market dynamics, economic growth, the financial sector, private investment, and monetary policy in Japan. Japan’s labor market has fared relatively well considering the occasional substantial output losses, with unemployment remaining low. Although Japan’s employment responsiveness to the cyclical position has been relatively low, it has been rising over time reflecting the higher share of the nonregular workforce. The lower employment response to output compared with other countries during the Great Recession reflects the quick implementation of an employment subsidy program, a more flexible wage system, and strong employment protection.

Author : Ms.Elif Arbatli
Publisher : International Monetary Fund
ISBN 13 : 1475527845
Total Pages : 46 pages
Book Rating : 4.41/5 ( download)

DOWNLOAD NOW!

Download or read book Reflating Japan written by Ms.Elif Arbatli and published by International Monetary Fund. This book was released on 2016-08-19 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: Japan has ambitious economic goals: 3 percent nominal growth; 2 percent inflation; and a primary budget surplus. Abenomics has employed the three arrows of monetary, fiscal and structural policies, but the goals remain out of reach. We propose that countercyclical measures be embedded in long-run frameworks that anchor expectations for inflation and public debt. In addition, we argue for an incomes policy to assist reflation. Model simulations suggest that, combined, these proposals would make headway towards the goals, with, on balance, a better chance of success than the more unconventional policy alternatives proposed by Krugman, Svensson, and Turner from a risk-return perspective.

Author : Mr.Dennis P. J. Botman
Publisher : International Monetary Fund
ISBN 13 : 1498302335
Total Pages : 20 pages
Book Rating : 4.33/5 ( download)

DOWNLOAD NOW!

Download or read book Can Abenomics Succeed? written by Mr.Dennis P. J. Botman and published by International Monetary Fund. This book was released on 2015-04-06 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: Japan’s revitalization plan, dubbed the “three arrows of Abenomics,” devises a three-pronged strategy—combining fiscal, monetary, and structural policies—to overcome that country’s apparent inability to sustain economic recovery. This book is the first comprehensive assessment of Abenomics and the reforms needed to make it a success, including aggressive monetary easing, growth-friendly fiscal consolidation, and structural and financial sector reforms.

Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1475506341
Total Pages : 56 pages
Book Rating : 4.41/5 ( download)

DOWNLOAD NOW!

Download or read book Japan written by International Monetary Fund and published by International Monetary Fund. This book was released on 2012-08-01 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: Japan has a universal public pension system. Social security spending is a key fiscal policy challenge in Japan. The 2004 pension reforms have increased the ratio of the government subsidy to the basic pension benefit. Three reform measures are necessary to improve pension finances: an increase in pension eligibility age, a reduction in the pension benefit, and an increase in contributions. Eliminating the preferential tax treatments of pension income and collecting pension contributions from dependent spouses could contribute to fiscal savings.

Author : Imtiaz Hussain
Publisher : Springer
ISBN 13 : 9811066086
Total Pages : 282 pages
Book Rating : 4.85/5 ( download)

DOWNLOAD NOW!

Download or read book Transatlantic Transitions written by Imtiaz Hussain and published by Springer. This book was released on 2018-02-13 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt: With North Atlantic post-World War II transatlantic dynamics as the subject, this volume inquires if its theoretical tenets hold in other epochs and Atlantic arenas. Both case and comparative studies of such historical cases as the silver, slave, and commodity trades, and whether ideas, such as faith and democracy, have as much impact as these merchandise flows, simultaneously challenge and strengthen the transatlantic paradigm. They permit transatlantic relations to be stretched as far back as to the 8th Century, in turn exposing transatlantic flows hugging global threads, while revealing the strength and size of several unaccounted types of transatlantic transactions, such as the north-south varieties.