RIEB Seminar
RIEB Seminar (Jointly supported by: Grant-in-Aid for Challenging Exploratory Research)
RIEB Seminar
Jointly supported by: Grant-in-Aid for Challenging Exploratory Research
| Date & Time | Tuesday, April 23, 2019, 3:00pm-4:30pm |
|---|---|
| Place | Meeting Room at RIEB (Annex, 2nd Floor) |
| Intended Audience | Faculty, Graduate Students and People with equivalent knowledge |
| Language | Japanese |
3:00pm-4:30pm
- Topics
- Effects of Reconstruction Works on Private Employment after a Natural Disaster: A Case in the Stricken Area of the Great East Japan Earthquake
- Speaker
- Junichi NAGAMINE（School of Policy Studies, Kwansei Gakuin University）
Keigo KAMEDA（School of Policy Studies, Kwansei Gakuin University） - Abstruct
- After the Great East Japan Earthquake on March 11, 2011, the government of Japan commenced rich-funded reconstruction operation. However, there are said to be severe side effects: reconstruction requires plenty of public works, say, to rebuild infrastructure, thus, there is an inevitable shortage of labor force in the private sector. This situation can be interpreted as crowding-out of private demand through the "labor market channel of fiscal policy" that Alesina et al. (2002) emphasized. If this is the case in the stricken areas, those areas will face secular stagnation in the future. In this study, we estimate the hazard function of job vacancies in private sectors using 27,763 job posting data from August 1 to December 31, 2015. The results show that an increase in the number of job postings in the construction industry prolongs the vacancy duration of private employment, especially in marine product industry, as we expected.