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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 …
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This paper analyses aggregate labour dynamics during the global financial crisis in Japan and the role of nonstandard …
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in their unemployment rate and not a decline in labour force participation rate. Policymakers should take account of …
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foreigners, and welcome their contribution to overcome labour shortages. Adding the occupational unemployment rate to the model …
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