| Project/Area Number |
60530003
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| Research Category |
Grant-in-Aid for General Scientific Research (C)
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| Allocation Type | Single-year Grants |
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| Research Field |
一般理論
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| Research Institution | Kyoto University Institute of Economic Research |
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Principal Investigator |
ARIGA Kenn Institute of Economic Research, Kyoto University, Associate Professor, 経済研究所, 助教授 (60159506)
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| Project Period (FY) |
1985 – 1986
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| Project Status |
Completed (Fiscal Year 1986)
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| Budget Amount *help |
¥1,600,000 (Direct Cost: ¥1,600,000)
Fiscal Year 1986: ¥600,000 (Direct Cost: ¥600,000)
Fiscal Year 1985: ¥1,000,000 (Direct Cost: ¥1,000,000)
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| Keywords | Employment Adjustment / サーチモデル / 労働市場の動学モデル / 失業の私的社会的費用 / 労働市場動学モデル / サーチ理論 / 若年者失業 / 高齢者失業 / 終身雇用制度 |
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| Research Abstract |
The research is concerned with quantitative analysis of employment adjustment. Theoretical analysis focused on the consequences of heterogeneity of the jobs offered and workers seeking the jobs. The labor market is modeled as stochastic matching processes among these heterogenous job slots and workers. We find that in general the Nash equilibrium yields socially inefficient outcomes; the precise way in which the inefficiency arise depends delicately upon the nature of heterogeneity. The theoretical model is applied for the analysis of the labor market dynamics in Japan. The simulation model is driven by a AR(1) process in capital productivity representing the business cycle. The model also explicitly takes account of differences in labor productivity and exogenous separation rate across age and sex. The model successfully captures cross sectional and intertemporal stylited facts about labor market dynamics in Japan.
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