RIEBセミナー（神戸大学金融研究会共催） RIEB Seminar（Jointly supported by Monetary Economics Seminar of Kobe University）
| 日時 (Date&Time) |
2010年12月18日（土）午後2時00分から （Saturday, December 18, 2010, 2:00pm～） |
|---|---|
| 報告者 (Speaker) |
[2:00pm～3:30pm] 千田 隆（Takashi SENDA） |
| 所属 (Affiliation) |
広島大学大学院社会科学研究科 (Graduate School of Social Sciences, Hiroshima University) |
| 論題 (Topic) |
主成分を用いた賃金フィリップス曲線の推定 |
| 概要 (Abstract) |
In this paper, we investigate what is the best measure of labor market pressure for predicting wage inflation in Japan. Principal components analysis is used to select a subset of independent variables from 11 labor market variables. The first component is interpreted as the active opening rate and the second component is interpreted as total hours worked. We estimate a standard Phillips curve for wage inflation that incorporates the active opening rate and total hours worked as regressors. We find that (hourly) real wage growth is positively related to the active opening rate and negatively related to total hours worked. The second component (representing total hours worked) may help explain why wage inflation has not risen substantially despite Japan experiencing high active opening rates in the mid-2000s, when both total hours worked and active opening rates increased. Although higher active opening rates put upward pressure on real wage growth, this upward pressure is offset by longer working hours, which tend to reduce (hourly) real wage growth. |
| 報告者 (Speaker) |
[3:30pm～5:00pm] 福田 慎一（Shin-ichi FUKUDA） |
| 所属 (Affiliation) |
東京大学大学院経済学研究科 (Graduate School of Economics, The University of Tokyo) |
| 論題 (Topic) |
Market-specific and Currency-specific Risk during the Global Financial Crisis: Evidence from the Interbank Markets in Tokyo and London |
| 会場 (Place) |
神戸大学大学院経済学研究科 会議室（本館2階） Graduate School of Economics Meeting Room (Main Building 2nd floor) |
| 対象 (Intended Audience) |
教員、院生および同等の知識をお持ちの方 Faculty, Graduate Students and People with Equivalent Knowledge |
| 使用言語 (Language) |
日本語 Japanese |
| 備考 (Note) |
当日セミナーへのご参加を希望される方は12月10日（金）までにご氏名、ご所属、ご連絡先（メ-ルアドレス）を共同研究推進室までご連絡下さい。 |