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The Japanese Employment SystemAdapting to a New Economic Environment$
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Marcus Rebick

Print publication date: 2005

Print ISBN-13: 9780199247240

Published to Oxford Scholarship Online: July 2005

DOI: 10.1093/0199247242.001.0001

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Rising Unemployment and Inequality

Rising Unemployment and Inequality

Chapter:
(p.91) 6 Rising Unemployment and Inequality
Source:
The Japanese Employment System
Author(s):

Marcus Rebick (Contributor Webpage)

Publisher:
Oxford University Press
DOI:10.1093/0199247242.003.0006

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

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