Rising Unemployment and Inequality

Marcus Rebick

in The Japanese Employment System

Published in print June 2005 | ISBN: 9780199247240
Published online July 2005 | e-ISBN: 9780191602566 | DOI:
 Rising Unemployment and Inequality

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Begins by examining the definition of the unemployment rate in Japan and shows the ways in which the rate may differ from the ILO standard definition. Looks at the phenomenon of labour hoarding and lower labour force participation and their relation to unemployment. The causes of the recent surge in unemployment are examined. Concludes that despite some increase in involuntary separations, it is the slowdown in hiring that is generating most of the unemployment. This implies that job guarantees have not been eroded that much by the long recession. The last part of the chapter looks at recent trends in income distribution in Japan, and the possibility that income inequality will grow in the future.

Keywords: income distribution; inequality; Japan; labour; participation; recession; separations; unemployment

Chapter.  8588 words.  Illustrated.

Subjects: Business and Management

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