Effects of region-specific shocks on labor market tightness and matching efficiency: evidence from the 2011 Tohoku Earthquake in Japan

The Annals of Regional Science - Tập 65 - Trang 193-219 - 2020
Yudai Higashi1,2
1Graduate School of Economics, Kobe University, Kobe, Japan
2Japan Society for the Promotion of Science, Tokyo, Japan

Tóm tắt

This paper examines whether region-specific shocks alter regional labor market tightness and matching efficiencies. We adopt the Great East Japan Earthquake of March 2011, which caused a tsunami and nuclear disaster, as a region-specific shock. We find that an increase in labor market tightness, namely, labor shortage, occurs in the damaged regions after the disaster. Matching efficiencies in the damaged regions deteriorate, suggesting that the composition of unemployment and vacancies changes, leading to higher search frictions. Such nature has spatial spillover effects because of the widespread increase in demand for reconstruction and out-migration from the damaged regions.

Tài liệu tham khảo

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