Is Labor Market Mismatch a Big Deal in Japan?

September 17, 2013

Preview Citation

Format: Chicago

Ippei Shibata. Is Labor Market Mismatch a Big Deal in Japan?, (USA: International Monetary Fund, 2013) accessed December 21, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

Despite its low unemployment rate, the recent shift in the Japanese Beveridge curve indicates increased labor mismatch. This paper quantifies the age, employment-type (full or part-time), and occupational mismatch in the Japanese labor market following Sahin and others (2013). Between April 2000 and April 2013, the age mismatch has steadily declined while the occupational and employmenttype mismatch has shown a countercyclical pattern, showing a sharp increase during the global financial crisis. Occupational mismatch accounted for approximtely 20-40 percent of the recent rise in the unemployment rate in Japan. The magnitude was comparable to that of the U.K. and the U.S.

Subject: Aging, Financial crises, Global financial crisis of 2008-2009, Labor, Labor markets, Population and demographics, Unemployment, Unemployment rate

Keywords: Aging, Employment-type mismatch, Global, Global financial crisis of 2008-2009, Japanese labor market, Job mobility, Labor markets, Mismatch, Mismatch unemployment, Unemployment, Unemployment rate, Unemployment rate in Japan, Vacancies, Vacancy share, Vacancy-unemployment ratio, WP

Publication Details

Pages:

26
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2013/196
Stock No:

WPIEA2103196
ISBN:

9781484392270
ISSN:

1018-5941

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