An Estimated Search and Matching Model of the Japanese

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説明

This paper studies how well a simple search and matching model can describe aggregate Japanese labor market dynamics in a full information setting. We develop a discrete-time search and matching model with a convex vacancy posting cost and three shocks: productivity, separation, and markup shocks. We use the model as a data-generating process for our empirical analysis and estimate it by using Bayesian methods. The model is successful in replicating the behavior of unemployment and vacancies in Japan. However, we also find that the success of the model relies on shock processes that are not empirically plausible.

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詳細情報 詳細情報について

  • CRID
    1572543027747504128
  • NII論文ID
    110009849458
  • NII書誌ID
    AA12509645
  • 本文言語コード
    en
  • データソース種別
    • CiNii Articles

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