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Sectoral Shift Theory of Unemployment
Japanese Labor Markets and Unemployment
Tests of the Sectoral Shift Hypothesis
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Abraham and Katz aggregate demand disturbances aggregate demand shocks Anticipated Money Anticipated Money Growth business cycle coefficients companies discouraged-worker effect dismissals employees employment adjustment speed employment number employment security offices energy price changes estimated explain female labor force horizontal index ibid increase Japan Japanese Economy Japanese unemployment rate job introduction services job vacancy magazines JOJA ratio Keizai Kosai Labor Economics labor force participation Labor Force Survey labor markets labor reallocation labor supply Lilien macroeconomic Management and Coordination Ministry of Labor mismatching monetary policy Monthly natural rate Neelin Nihon oil crisis oil price percent period personnel transposition Phillips curve plastic products manufacturing public employment security rate of unemployment rational expectation raw dispersion index real business cycle relative energy price relative price changes sectoral shift indexes sectoral shift theory service industries Shimada Statistics Bureau Tokyo U-V curve unanticipated money growth unanticipated price changes Unemployment Equations upward trend variables variation workers