Using Japanese data from the 1990s aggregated by prefecture, age group, and sex, we estimate Frisch labor supply elasticity, which has been seldom estimated in Japan. The change in labor supply can be decomposed into two labor-supply behaviors: extensive margin, indicating workers' entry and...

This paper examines downward nominal wage rigidity in Japan at the individual level using Japanese longitudinal data. By observing the nominal wage change distributions and applying several statistical tests for asymmetry to them, we obtain the following findings. First, using 1993-98 data, the...

In this paper, we survey the theoretical and empirical literature to investigate why nominal wages can be downwardly rigid. Looking back from the 19th century until recently, we first examine the existence and extent of downward nominal wage rigidity (DNWR) for several countries. We find that...

Using Japanese data from the 1990s aggregated by prefecture, age group, and sex, we estimate Frisch labor supply elasticity, which has been seldom estimated in Japan. The change in labor supply can be decomposed into two labor-supply behaviors: extensive margin, indicating workersf entry and...

To what extent does downward nominal wage rigidity (DNWR) raise the unemployment rate during periods of low inflation or deflation? To answer this question, we simulate the impact on the male unemployment rate in Japan, by incorporating the DNWR of full-time male employees as estimated by Kuroda...

This paper confirms the existence of downward nominal wage rigidity in Japan as presented in Kuroda and Yamamoto (2003) and quantifies the extent of this downward nominal wage rigidity by applying econometric methods to Japanese longitudinal data. Using 1993-98 data, we find that downward...

In this paper, we investigate the existence and persistence of downward nominal wage rigidity (DNWR) for full-time employees based on the wage fluctuations observed in Japan following the bursting of the bubble economy of the early 1990s. We also examine the extent to which DNWR has boosted...

This paper examines whether overtime regulations have a significant impact on the hours worked and hourly wages, by focusing on so-called name-only managers in Japan. The term name-only manager refers to an employee who has essentially the same job description as other employees, but who is...

type="main" <p>By using both macro- and micro-level data, this paper investigates how wages and prices evolved during Japan's lost two decades. We find that downward nominal wage rigidity was present in Japan until the late 1990s, but disappeared after 1998 as annual wages became downwardly...</p>

This paper examines whether overtime regulations have a significant impact on the hours worked and hourly wages, by focusing on so-called name-only managers in Japan. The term name-only manager refers to an employee who has essentially the same job description as other employees, but who is...