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The accumulation of human capital and the sectoral shifts hypothesis for different age groups

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  • Sakata, Kei
  • McKenzie, Colin

Abstract

This paper examine Lilien’s sectoral shifts hypothesis for Japan for different age cohorts. Previous studies of the sectoral shifts hypothesis for Japan have for the most part concentrated on the relationship between aggregate unemployment and sectoral shifts, and are typically not supportive of the hypothesis. However, recent increases in the unemployment rates of the young and the aged suggest a need to reexamine the hypothesis for different age groups. It is found that sectoral shifts have a short-term positive effect on the unemployment of aged male workers, and that the effects increase in times of recession.

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  • Sakata, Kei & McKenzie, Colin, 2004. "The accumulation of human capital and the sectoral shifts hypothesis for different age groups," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 64(3), pages 459-465.
    • Handle: RePEc:eee:matcom:v:64:y:2004:i:3:p:459-465
    DOI: 10.1016/S0378-4754(03)00111-3
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    References listed on IDEAS

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    1. Barro, Robert J, 1977. "Unanticipated Money Growth and Unemployment in the United States," American Economic Review, American Economic Association, vol. 67(2), pages 101-115, March.
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    8. Sakata, Kei, 2002. "Sectoral Shifts and Cyclical Unemployment in Japan," Journal of the Japanese and International Economies, Elsevier, vol. 16(2), pages 227-252, June.
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    Cited by:

    1. Nicolas Fleury & Fabrice Gilles, 2012. "MOBILITES INTERGENERATIONNELLES DE CAPITAL HUMAIN ET RESTRUCTURATIONS INDUSTRIELLES. UNE EVALUATION POUR LE CAS DE LA France, 1946-1999," Working Papers hal-00988949, HAL.

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