The driving forces behind the falling labour share and persistent unemployment in Japan

Like in most advanced countries, the labour income share in Japan has been falling since the mid-1970s. However, in contrast to other advanced economies, Japan experienced an exceptional recessive period in the 1990s and 2000s, with the rate of unemployment rising to a historical maximum of 5.5% in...

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Detalles Bibliográficos
Autores: Agnese, Pablo, Sala, Hector
Tipo de recurso: artículo
Fecha de publicación:2011
País:España
Institución:Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)
Repositorio:Recercat. Dipósit de la Recerca de Catalunya
OAI Identifier:oai:recercat.cat:20.500.12328/4126
Acceso en línea:http://hdl.handle.net/20.500.12328/4126
https://dx.doi.org/10.1111/j.1468-0106.2011.00566.x
Access Level:acceso abierto
Palabra clave:Atur
Desempleo
Japó
Unemployment
Japan
Japón
37
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spelling The driving forces behind the falling labour share and persistent unemployment in JapanAgnese, PabloSala, HectorAturDesempleoJapóUnemploymentJapanJapón37Like in most advanced countries, the labour income share in Japan has been falling since the mid-1970s. However, in contrast to other advanced economies, Japan experienced an exceptional recessive period in the 1990s and 2000s, with the rate of unemployment rising to a historical maximum of 5.5% in 2002, to persist above 4% in subsequent years. In the present paper, we examine the main causes behind the paths followed by the labour income share and the unemployment rate during the post-1997 crisis period (1997–2002) and the transition years that followed (2002–2009). We do so by estimating a multi-equation macro model that allows us to look separately at the various components of this particular labour market: wages, output, and employment. Our main finding is that the fall in the labour share can be attributed to the changes that took place within the labour relations system (the weakening of unions mainly) and that the surge in unemployment can be altogether ascribed to the distorting effects of the sizeable and increasing public debt.info:eu-repo/semantics/publishedVersionJohn Wiley & Sons2011info:eu-repo/semantics/article26http://hdl.handle.net/20.500.12328/4126https://dx.doi.org/10.1111/j.1468-0106.2011.00566.xreponame:Recercat. Dipósit de la Recerca de Catalunyainstname:Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)InglésPacific Economic Review16;5© 2011 The Authors. Pacific Economic Review. Blackwell Publishing Asia Pty Ltd.info:eu-repo/semantics/openAccessoai:recercat.cat:20.500.12328/41262026-05-29T05:05:01Z
dc.title.none.fl_str_mv The driving forces behind the falling labour share and persistent unemployment in Japan
title The driving forces behind the falling labour share and persistent unemployment in Japan
spellingShingle The driving forces behind the falling labour share and persistent unemployment in Japan
Agnese, Pablo
Atur
Desempleo
Japó
Unemployment
Japan
Japón
37
title_short The driving forces behind the falling labour share and persistent unemployment in Japan
title_full The driving forces behind the falling labour share and persistent unemployment in Japan
title_fullStr The driving forces behind the falling labour share and persistent unemployment in Japan
title_full_unstemmed The driving forces behind the falling labour share and persistent unemployment in Japan
title_sort The driving forces behind the falling labour share and persistent unemployment in Japan
dc.creator.none.fl_str_mv Agnese, Pablo
Sala, Hector
author Agnese, Pablo
author_facet Agnese, Pablo
Sala, Hector
author_role author
author2 Sala, Hector
author2_role author
dc.subject.none.fl_str_mv Atur
Desempleo
Japó
Unemployment
Japan
Japón
37
topic Atur
Desempleo
Japó
Unemployment
Japan
Japón
37
description Like in most advanced countries, the labour income share in Japan has been falling since the mid-1970s. However, in contrast to other advanced economies, Japan experienced an exceptional recessive period in the 1990s and 2000s, with the rate of unemployment rising to a historical maximum of 5.5% in 2002, to persist above 4% in subsequent years. In the present paper, we examine the main causes behind the paths followed by the labour income share and the unemployment rate during the post-1997 crisis period (1997–2002) and the transition years that followed (2002–2009). We do so by estimating a multi-equation macro model that allows us to look separately at the various components of this particular labour market: wages, output, and employment. Our main finding is that the fall in the labour share can be attributed to the changes that took place within the labour relations system (the weakening of unions mainly) and that the surge in unemployment can be altogether ascribed to the distorting effects of the sizeable and increasing public debt.
publishDate 2011
dc.date.none.fl_str_mv 2011
dc.type.none.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv http://hdl.handle.net/20.500.12328/4126
https://dx.doi.org/10.1111/j.1468-0106.2011.00566.x
url http://hdl.handle.net/20.500.12328/4126
https://dx.doi.org/10.1111/j.1468-0106.2011.00566.x
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv Pacific Economic Review
16;5
dc.rights.none.fl_str_mv © 2011 The Authors. Pacific Economic Review. Blackwell Publishing Asia Pty Ltd.
info:eu-repo/semantics/openAccess
rights_invalid_str_mv © 2011 The Authors. Pacific Economic Review. Blackwell Publishing Asia Pty Ltd.
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv 26
dc.publisher.none.fl_str_mv John Wiley & Sons
publisher.none.fl_str_mv John Wiley & Sons
dc.source.none.fl_str_mv reponame:Recercat. Dipósit de la Recerca de Catalunya
instname:Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)
instname_str Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)
reponame_str Recercat. Dipósit de la Recerca de Catalunya
collection Recercat. Dipósit de la Recerca de Catalunya
repository.name.fl_str_mv
repository.mail.fl_str_mv
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