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• W2147113153 abstract "Abstract This paper sheds new light on the causes of the unemployment upsurge in Japan during the “fading 1990s”, an unprecedented period of structural crisis. We estimate a labor market model and identify the main macroeconomic determinants of labor demand and labor supply decisions in the last decades. We then conduct dynamic simulations and assess the relative contribution of these determinants to the evolution of unemployment from 1990 to 2002. Beyond the leading role exerted by the decline in productivity growth, we find the active and expansionary measures undertaken by the government had an overall negative effect on the labor market." @default.
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• W2147113153 date "2009-06-01" @default.
• W2147113153 modified "2023-09-23" @default.
• W2147113153 title "The fading 1990s in Japan: Driving forces behind the unemployment upsurge" @default.
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• W2147113153 doi "https://doi.org/10.1016/j.iref.2008.09.005" @default.
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