To Fire or to Hoard? Explaining Japan’s Labor Market Response in the Great Recession

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1455212512
Total Pages : 31 pages
Book Rating : 4.4/5 (552 download)

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Book Synopsis To Fire or to Hoard? Explaining Japan’s Labor Market Response in the Great Recession by : Mr.Masato Nakane

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.

Is Labor Market Mismatch a Big Deal in Japan?

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1484310977
Total Pages : 26 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Is Labor Market Mismatch a Big Deal in Japan? by : Mr.Ippei Shibata

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 2013-09-18 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.

Japan

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1475522525
Total Pages : 86 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Japan by : International Monetary Fund. Asia and Pacific Dept

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.

Back to Work: Japan Improving the Re-employment Prospects of Displaced Workers

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Author :
Publisher : OECD Publishing
ISBN 13 : 9264227202
Total Pages : 199 pages
Book Rating : 4.2/5 (642 download)

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Book Synopsis Back to Work: Japan Improving the Re-employment Prospects of Displaced Workers by : OECD

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.

OECD Economic Surveys: Japan 2011

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Publisher : OECD Publishing
ISBN 13 : 9264093133
Total Pages : 168 pages
Book Rating : 4.2/5 (64 download)

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Book Synopsis OECD Economic Surveys: Japan 2011 by : OECD

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 ...

Reflating Japan

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Publisher : International Monetary Fund
ISBN 13 : 1475523149
Total Pages : 46 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Reflating Japan by : Ms.Elif Arbatli

Download or read book Reflating Japan written by Ms.Elif Arbatli and published by International Monetary Fund. This book was released on 2016-08-02 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.

Examining Japan's Lost Decades

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Author :
Publisher : Routledge
ISBN 13 : 1317503368
Total Pages : 372 pages
Book Rating : 4.3/5 (175 download)

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Book Synopsis Examining Japan's Lost Decades by : Yoichi Funabashi

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 372 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.

Can Abenomics Succeed?

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Publisher : International Monetary Fund
ISBN 13 : 1498302335
Total Pages : 201 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Can Abenomics Succeed? by : Dennis P. J. Botman

Download or read book Can Abenomics Succeed? written by Dennis P. J. Botman and published by International Monetary Fund. This book was released on 2015-04-06 with total page 201 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.

Transatlantic Transitions

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Publisher : Springer
ISBN 13 : 9811066086
Total Pages : 282 pages
Book Rating : 4.8/5 (11 download)

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Book Synopsis Transatlantic Transitions by : Imtiaz Hussain

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.

Japan

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1475563523
Total Pages : 56 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Japan by : International Monetary Fund

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.

The Elusive Quest for Inclusive Growth

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1475531168
Total Pages : 36 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis The Elusive Quest for Inclusive Growth by : Mr.Ravi Balakrishnan

Download or read book The Elusive Quest for Inclusive Growth written by Mr.Ravi Balakrishnan and published by International Monetary Fund. This book was released on 2013-06-26 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper assesses how pro-poor and inclusive Asia’s recent growth has been, and what factors have been driving these outcomes. It finds that while poverty has fallen across the region over the last two decades, inequality has increased, dampening the impact of growth on poverty reduction. As a result, relative to other emerging and developing regions and to Asia’s own past, the recent period of growth has been both less inclusive and less pro-poor. Our analysis suggests a number of policies that could help redress these trends and broaden the benefits of growth in Asia. These include fiscal policies to increase spending on health, education, and social safetynets; labor market reforms to boost the labor share of total income; and reforms to make financial systems more inclusive.

Is Labor Market Mismatch a Big Deal in Japan?

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1484392272
Total Pages : 26 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Is Labor Market Mismatch a Big Deal in Japan? by : Mr.Ippei Shibata

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.

OECD Economic Surveys: Japan 2011

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Author :
Publisher : OECD Publishing
ISBN 13 : 9789264093126
Total Pages : 172 pages
Book Rating : 4.0/5 (931 download)

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Book Synopsis OECD Economic Surveys: Japan 2011 by : OECD

Download or read book OECD Economic Surveys: Japan 2011 written by OECD and published by OECD Publishing. This book was released on 2011-05-18 with total page 172 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 ...

The Financial Crisis Inquiry Report

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Author :
Publisher : Cosimo, Inc.
ISBN 13 : 1616405414
Total Pages : 692 pages
Book Rating : 4.6/5 (164 download)

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Book Synopsis The Financial Crisis Inquiry Report by : Financial Crisis Inquiry Commission

Download or read book The Financial Crisis Inquiry Report written by Financial Crisis Inquiry Commission and published by Cosimo, Inc.. This book was released on 2011-05-01 with total page 692 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Financial Crisis Inquiry Report, published by the U.S. Government and the Financial Crisis Inquiry Commission in early 2011, is the official government report on the United States financial collapse and the review of major financial institutions that bankrupted and failed, or would have without help from the government. The commission and the report were implemented after Congress passed an act in 2009 to review and prevent fraudulent activity. The report details, among other things, the periods before, during, and after the crisis, what led up to it, and analyses of subprime mortgage lending, credit expansion and banking policies, the collapse of companies like Fannie Mae and Freddie Mac, and the federal bailouts of Lehman and AIG. It also discusses the aftermath of the fallout and our current state. This report should be of interest to anyone concerned about the financial situation in the U.S. and around the world.THE FINANCIAL CRISIS INQUIRY COMMISSION is an independent, bi-partisan, government-appointed panel of 10 people that was created to "examine the causes, domestic and global, of the current financial and economic crisis in the United States." It was established as part of the Fraud Enforcement and Recovery Act of 2009. The commission consisted of private citizens with expertise in economics and finance, banking, housing, market regulation, and consumer protection. They examined and reported on "the collapse of major financial institutions that failed or would have failed if not for exceptional assistance from the government."News Dissector DANNY SCHECHTER is a journalist, blogger and filmmaker. He has been reporting on economic crises since the 1980's when he was with ABC News. His film In Debt We Trust warned of the economic meltdown in 2006. He has since written three books on the subject including Plunder: Investigating Our Economic Calamity (Cosimo Books, 2008), and The Crime Of Our Time: Why Wall Street Is Not Too Big to Jail (Disinfo Books, 2011), a companion to his latest film Plunder The Crime Of Our Time. He can be reached online at www.newsdissector.com.

Financial Crises Explanations, Types, and Implications

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Publisher : International Monetary Fund
ISBN 13 : 1475561008
Total Pages : 66 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Financial Crises Explanations, Types, and Implications by : Mr.Stijn Claessens

Download or read book Financial Crises Explanations, Types, and Implications written by Mr.Stijn Claessens and published by International Monetary Fund. This book was released on 2013-01-30 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews the literature on financial crises focusing on three specific aspects. First, what are the main factors explaining financial crises? Since many theories on the sources of financial crises highlight the importance of sharp fluctuations in asset and credit markets, the paper briefly reviews theoretical and empirical studies on developments in these markets around financial crises. Second, what are the major types of financial crises? The paper focuses on the main theoretical and empirical explanations of four types of financial crises—currency crises, sudden stops, debt crises, and banking crises—and presents a survey of the literature that attempts to identify these episodes. Third, what are the real and financial sector implications of crises? The paper briefly reviews the short- and medium-run implications of crises for the real economy and financial sector. It concludes with a summary of the main lessons from the literature and future research directions.

The Labor Market and Economic Adjustment

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1451854781
Total Pages : 98 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis The Labor Market and Economic Adjustment by : Pierre-Richard Agénor

Download or read book The Labor Market and Economic Adjustment written by Pierre-Richard Agénor and published by International Monetary Fund. This book was released on 1995-11-01 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the role of the labor market in the transmission process of adjustment policies in developing countries. It begins by reviewing the recent evidence regarding the functioning of these markets. It then studies the implications of wage inertia, nominal contracts, labor market segmentation, and impediments to labor mobility for stabilization policies. The effect of labor market reforms on economic flexibility and the channels through which labor market imperfections alter the effects of structural adjustment measures are discussed next. The last part of the paper identifies a variety of issues that may require further investigation, such as the link between changes in relative wages and the distributional effects of adjustment policies.

The Japanese Banking Crisis

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Author :
Publisher : Springer Nature
ISBN 13 : 9811595984
Total Pages : 127 pages
Book Rating : 4.8/5 (115 download)

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Book Synopsis The Japanese Banking Crisis by : Ryozo Himino

Download or read book The Japanese Banking Crisis written by Ryozo Himino and published by Springer Nature. This book was released on 2021-01-07 with total page 127 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book provides a readable narrative of the bubbles and the banking crisis Japan experienced during the two decades between the late 1980s and the early 2000s. Japan, which was a leading competitor in the world’s manufacturing sector, tried to transform itself into an economy with domestic demand-led mature growth, but the ensuing bubbles and crisis instead made the country suffer from chronicle deflation and stagnation. The book analyses why the Japanese authorities could not avoid making choices that led to this outcome. The chapters are based on the lectures to regulators from emerging economies delivered at the Global Financial Partnership Center of the Financial Services Agency of Japan.