Job flows and unemployment in an equilibrium unemployment model with firm-specific skill training

Hiroaki Miyamoto, Yoshimasa Shirai

研究成果: Article査読

4 被引用数 (Scopus)

抄録

We introduce productivity enhancing firm-specific skill training into the labour search model in which the firm-specific skill training intensity and the job destruction rate are endogenously determined. It is shown that the higher the intensity of such training, the lower the rates of unemployment, job creation and job destruction. The paper's model provides a theoretical framework to understand the often mentioned peculiarity of the Japanese labour market; prevalently low rates of unemployment, job creation and job destruction in Japan are due to its training system which promotes workers to acquire firm-specific skills.

本文言語English
ページ(範囲)547-561
ページ数15
ジャーナルJapanese Economic Review
57
4
DOI
出版ステータスPublished - 2006 12 1

ASJC Scopus subject areas

  • 経済学、計量経済学

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