The Japanese Labor Market During the COVID- 19 Pandemic PDF Download

Author: Shinya Kotera
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 39

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Book Description
This paper investigates labor market dynamics in Japan during the COVID-19 pandemic drawing on macro and micro data. The pandemic and related containment measures had a large negative impact on employment, labor force participation, earnings, and labor market mobility, although policy support through furlough schemes partially mitigated the rise in unemployment. Our results indicate that industry effects were a crucial driver of labor market outcomes for different groups of employees — women, younger age groups, nonregular, self-employed, and low-income workers accounted for a disproportional share of employment in the hardest hit industries. We also find empirical evidence for the need to improve childcare and related support, training and upskilling offerings, and teleworking availability, and the role of skill mismatches in reducing labor market mobility and resource reallocation.

Author: OECD
Publisher: OECD Publishing
ISBN: 9264340335
Category :
Languages : en
Pages : 404

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Book Description
The 2021 edition of the OECD Employment Outlook focusses on the labour market implications of the COVID‐19 crisis. Chapters 1-3 concentrate on the main labour market and social challenges brought about by the crisis and the policies to address them.

Author: Alistair Dieppe
Publisher: World Bank Publications
ISBN: 1464816093
Category : Business & Economics
Languages : en
Pages : 552

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Book Description
The COVID-19 pandemic struck the global economy after a decade that featured a broad-based slowdown in productivity growth. Global Productivity: Trends, Drivers, and Policies presents the first comprehensive analysis of the evolution and drivers of productivity growth, examines the effects of COVID-19 on productivity, and discusses a wide range of policies needed to rekindle productivity growth. The book also provides a far-reaching data set of multiple measures of productivity for up to 164 advanced economies and emerging market and developing economies, and it introduces a new sectoral database of productivity. The World Bank has created an extraordinary book on productivity, covering a large group of countries and using a wide variety of data sources. There is an emphasis on emerging and developing economies, whereas the prior literature has concentrated on developed economies. The book seeks to understand growth patterns and quantify the role of (among other things) the reallocation of factors, technological change, and the impact of natural disasters, including the COVID-19 pandemic. This book is must-reading for specialists in emerging economies but also provides deep insights for anyone interested in economic growth and productivity. Martin Neil Baily Senior Fellow, The Brookings Institution Former Chair, U.S. President’s Council of Economic Advisers This is an important book at a critical time. As the book notes, global productivity growth had already been slowing prior to the COVID-19 pandemic and collapses with the pandemic. If we want an effective recovery, we have to understand what was driving these long-run trends. The book presents a novel global approach to examining the levels, growth rates, and drivers of productivity growth. For anyone wanting to understand or influence productivity growth, this is an essential read. Nicholas Bloom William D. Eberle Professor of Economics, Stanford University The COVID-19 pandemic hit a global economy that was already struggling with an adverse pre-existing condition—slow productivity growth. This extraordinarily valuable and timely book brings considerable new evidence that shows the broad-based, long-standing nature of the slowdown. It is comprehensive, with an exceptional focus on emerging market and developing economies. Importantly, it shows how severe disasters (of which COVID-19 is just the latest) typically harm productivity. There are no silver bullets, but the book suggests sensible strategies to improve growth prospects. John Fernald Schroders Chaired Professor of European Competitiveness and Reform and Professor of Economics, INSEAD

Author: Saori Shibata
Publisher: Cornell University Press
ISBN: 1501749943
Category : Political Science
Languages : en
Pages : 114

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Book Description
Contesting Precarity in Japan details the new forms of workers' protest and opposition that have developed as Japan's economy has transformed over the past three decades and highlights their impact upon the country's policymaking process. Drawing on a new dataset charting protest events from the 1980s to the present, Saori Shibata produces the first systematic study of Japan's new precarious labour movement. It details the movement's rise during Japan's post-bubble economic transformation and highlights the different and innovative forms of dissent that mark the end of the country's famously non-confrontational industrial relations. In doing so, moreover, she shows how this new pattern of industrial and social tension is reflected within the country's macroeconomic policymaking, resulting in a new policy dissensus that has consistently failed to offer policy reforms that would produce a return to economic growth. As a result, Shibata argues that the Japanese model of capitalism has therefore become increasingly disorganized.

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1513571648
Category : Business & Economics
Languages : en
Pages : 36

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Book Description
We document the short-term impact of the COVID-19 pandemic on the Brazilian labor market focusing on employment, wages and hours worked using the nationally representative household surveys PNAD-Continua and PNAD COVID. Sectors most susceptible to the shock because they are more contact-intensive and less teleworkable, such as construction, domestic services and hospitality, suffered large job losses and reductions in hours. Given low income workers experienced the largest decline in earnings, extreme poverty and the Gini coefficient based on labor income increased by around 9.2 and 5 percentage points, respectively, due to the immediate shock. The government’s broad based, temporary Emergency Aid transfer program more than offset the labor income losses for the bottom four deciles, however, such that poverty relative to the pre-COVID baseline fell. At a cost of around 4 percent of GDP in 2020 such support is not fiscally sustainable beyond the short-term and ended in late 2020. The challenge will be to avoid a sharp increase in poverty and inequality if the labor market does not pick up sufficiently fast in 2021.

Author: Yuji Genda
Publisher: Springer
ISBN: 9811377871
Category : Political Science
Languages : en
Pages : 137

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Book Description
This book is devoted to offering a new concept of non-employment caused by social exclusion. Among labor economic studies, it is the first attempt to investigate the conditions of jobless persons who have completely lost opportunities for daily communication with others. The new concept provided by this book is “solitary non-employed persons (SNEP).” SNEP are defined as non-employed persons who are normally entirely alone or do not spend time with people other than their family. According to a detailed time-use survey in Japan, SNEP make up almost 70 % of single, jobless persons aged 20 to 59. The number of SNEP doubled in the 2000s. As a serious issue for non-employment, economists and sociologists have focused on long-term unemployed persons and persons “not in education, employment, or training” (NEET), which include discouraged persons resigning from work. These serious non-employment issues are attributable to and further aggravated by the isolation experienced by the SNEP. Social withdrawal—that is, the hikikomori who stay indoors—is one notable feature of Japanese youth problems in many cases. Large numbers of the middle-aged jobless Japanese also currently shut themselves in their rooms. The objective approach by the SNEP concept enables us to understand the reality of these withdrawn persons who are now growing in number in many countries. A continuous increase in the number of SNEP will cause several difficulties in society and the economy. SNEP will not make their own livings after the deaths of their families, causing social security costs and financial deficits to further accumulate in the efforts to help them. A shortage of an attractive labor force will accelerate in the future due to the expansion of SNEP within the young and middle-aged populations. This book proposes appropriate policies to prevent an increase in SNEP in such a way as to generate skilled professionals, as well as to reach out and support them. It will contribute to developing studies for jobless people closely involved in social exclusion, and to finding universal and effective solutions for their inclusion.

Author: INTERNATIONAL LABOUR OFFICE.
Publisher:
ISBN: 9789220319581
Category :
Languages : en
Pages : 0

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Book Description
This year's World Employment and Social Outlook: Trends examines global and regional trends in employment, unemployment, labour force participation and productivity, as well as dimensions of job quality such as employment status, informal employment and working poverty. It also provides extensive analysis of the crisis's varied impact on enterprises and workers.The report forecasts that employment recovery, though strong, will be insufficient to close the gaps. Workers whose labour market position was disadvantageous prior to the crisis - women, young people, migrants, informal workers and workers in lower-skilled occupations - suffered disproportionately. The report proposes a human-centred recovery strategy to avoid scarring of global labour markets for the years to come.

Author: United States. Bureau of Employment Security
Publisher:
ISBN:
Category : Unemployed
Languages : en
Pages : 36

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Book Description

Author: Ms.Elif C Arbatli
Publisher: International Monetary Fund
ISBN: 1484302362
Category : Business & Economics
Languages : en
Pages : 48

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Book Description
We develop new economic policy uncertainty (EPU) indices for Japan from January 1987 onwards building on the approach of Baker, Bloom and Davis (2016). Each index reflects the frequency of newspaper articles that contain certain terms pertaining to the economy, policy matters and uncertainty. Our overall EPU index co-varies positively with implied volatilities for Japanese equities, exchange rates and interest rates and with a survey-based measure of political uncertainty. The EPU index rises around contested national elections and major leadership transitions in Japan, during the Asian Financial Crisis and in reaction to the Lehman Brothers failure, U.S. debt downgrade in 2011, Brexit referendum, and Japan’s recent decision to defer a consumption tax hike. Our uncertainty indices for fiscal, monetary, trade and exchange rate policy co-vary positively but also display distinct dynamics. VAR models imply that upward EPU innovations foreshadow deteriorations in Japan’s macroeconomic performance, as reflected by impulse response functions for investment, employment and output. Our study adds to evidence that credible policy plans and strong policy frameworks can favorably influence macroeconomic performance by, in part, reducing policy uncertainty.

Author: Stephan Haggard
Publisher: Peterson Institute
ISBN: 0881325155
Category : Political Science
Languages : en
Pages : 218

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Book Description
"Human rights and the protection of refugees is not a concern of left or right, or of the US only; it is an issue of importance to all Koreans, and indeed all countries. Haggard and Noland provide compelling evidence of the ongoing transformation of North Korean society and offer thoughtful proposals as to how the outside world might facilitate peaceful evolution."--Yoon Young-kwan, former Foreign Minister, Rob Moo-byun government --Book Jacket