Search Frictions, Employment Fluctuations and Labor Market Policy
| Project/Area Number |
21730197
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| Research Category |
Grant-in-Aid for Young Scientists (B)
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| Allocation Type | Single-year Grants |
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| Research Field |
Applied economics
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| Research Institution | Kanto Gakuen University |
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Principal Investigator |
TAWARA Norikazu Kanto Gakuen University, 経済学部, 講師 (10517618)
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| Project Period (FY) |
2009 – 2010
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| Project Status |
Completed (Fiscal Year 2010)
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| Budget Amount *help |
¥2,080,000 (Direct Cost: ¥1,600,000、Indirect Cost: ¥480,000)
Fiscal Year 2010: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000)
Fiscal Year 2009: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
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| Keywords | 労働市場 / サーチ / 景気循環 / 雇用 / 失業 / インセンティブ / 動学的一般均衡モデル / 雇用・賃金契約 / 報酬形式 / 雇用・失業 / 動学一般均衡モデル / モラル・ハザード / 配置 / 起業・求人費用 / 成果報酬 |
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| Research Abstract |
We first estimate the job finding and employment exit probabilities in Japanese labor markets using the methods developed by Robert Shimer. It is found that the volatility of those estimated job finding probabilities cannot be explained by the standard search model of unemployment with shocks to worker productivity and employment exit rates. We then develop a new theory of wage value rigidity based on two-sided incentive problems between a worker and firm. It is found that a variant of search models of unemployment with such a new mechanism can generate large fluctuations of unemployment as observed in data of Japanese and the U.S. labor markets.
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Report
(3 results)
Research Products
(12 results)
