Template-type: ReDIF-Paper 1.0
Author-Name: Makoto Kakinaka
Author-Name-First: Makoto
Author-Name-Last: Kakinaka
Author-Email: kakinaka@iuj.ac.jp
Author-Workplace-Name: International University of Japan
Author-Workplace-Homepage: http://www.iuj.ac.jp/
Author-Name: Hiroaki Miyamoto
Author-Name-First: Hiroaki
Author-Name-Last: Miyamoto
Author-Email: hmiyamot@iuj.ac.jp
Author-Workplace-Name: International University of Japan
Author-Workplace-Homepage: http://www.iuj.ac.jp/
Title: Extensive vs. Intensive Margin in Japan
Abstract: This paper studies the role of extensive and intensive margins of labor adjustment overbusiness cycle in Japan. We find that the intensive margin accounts for much of total hours worked variation, and its contribution to the fluctuation of total hours worked is about 77%. This result is in sharp contrast with those in the U.S. and European countries where the extensive margin mainly accounts for the overall variability in total hours worked. The implication of a recent rise in non-regular employment for firms' labor adjustment behavior is also discussed.
Classification-JEL: C10, E32, J23
Length: 9 pages
Creation-Date: 2012-09
Number: EMS_2012_14
File-URL: https://www.iuj.ac.jp/workingpapers/index.cfm?File=EMS_2012_14.pdf
File-Format: Application/pdf
File-Function: First version, 2012
File-Size: 232KB
Keywords: intensive and extensive margins, labor adjustment, Japanese labor market
Handle: RePEc:iuj:wpaper:EMS_2012_14