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Vacancies, Job Seekers, and Minimum Wages:Evidence from Public Employment Placement Service Data

Author

Listed:
  • Souichi Ohta

    (Faculty of Economics, Keio University)

  • Kazutomo Komae

    (Graduate School of Economics, The University of Tokyo)

Abstract

This paper investigates the impact of a minimum wage increase on the number of vacancies and job seekers using data from Japan's public employment placement service. The results show that for 2005-2019, a rise in the minimum wage reduced the number of vacancies. On the other hand, it increased the number of job seekers and then decreased the vacancy-job seeker ratio. Some part of this came from the increased job separation into unemployment. The impact of a minimum wage rise is conspicuous during the period of the slack labor market, for prefectures with high Kaitz indices or with a high proportion of small firms, and part-time jobs.

Suggested Citation

  • Souichi Ohta & Kazutomo Komae, 2022. "Vacancies, Job Seekers, and Minimum Wages:Evidence from Public Employment Placement Service Data," Keio-IES Discussion Paper Series 2022-004, Institute for Economics Studies, Keio University.
    • Handle: RePEc:keo:dpaper:2022-004
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    More about this item

    Keywords

    Minimum Wages; Vacancies; Job Seekers; Labor Market Flows; Search and Matching;
    All these keywords.

    JEL classification:

    • J63 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Turnover; Vacancies; Layoffs
    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search
    • J65 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment Insurance; Severance Pay; Plant Closings

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