Federal Reserve Bank of Chicago
Labor market fluctuations in Japan and the U.S.--how similar are they?
This article examines the sources of fluctuations in Japanese and U.S. labor markets. Despite the differences in the structures of the two labor markets, the authors find that unemployment and vacancies respond similarly to aggregate shocks. However, different shocks appear to be important in explaining fluctuations in the two labor markets.
Cite this item
Hesna Genay & Prakash Loungani, "Labor market fluctuations in Japan and the U.S.--how similar are they?"
, Federal Reserve Bank of Chicago, Economic Perspectives, issue May, pages 15-28, 1997.
Keywords: Labor market ; Unemployment
This item with handle RePEc:fip:fedhep:y:1997:i:may:p:15-28:n:v.21no.3
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