Recent Changes in Unemployment in the Japanese Labor Market
The rate of unemployment in Japanese labor market has shown a rather conspicuous trend of increase in the last few years. Following the discontinuous increase from the low one percent level to two percent in the wake of the first oil crisis, the rate has risen again substantially now, close to three percent since the beginning of 1983, although it lowered slightly recently-perhaps reflecting, sluggishly and only mildly, the recent economic recovery.
KeywordsIncome Dine Volatility Dura Kato
Unable to display preview. Download preview PDF.
- 3.See. for example, Fumio Kato “A Verification of a Natural Rate of Unemployment Hypothesis in Japan.” in Nichi-Gin Kinyu Kenkuy Shiryo (Bank of Japan Monetary Research) 1982, pp.71–95Google Scholar
- 11.Sorrentino, Constance. “Methodological and Conceptual Problems of Measuring Unemplyoment in OECD Countries.” Paris. OECD. mimeo, 1976Google Scholar
- 12.Taira, Koji: “Japan’s Low Unemployment: Economic Miracle or Statistical Artifact?” Monthly Labor Review, July 1983Google Scholar