Occupational Mismatch in Japan Fuels Rise in Unemployment Rates
The Japanese labor market is experiencing increased mismatch between job seekers and available positions, especially during the global financial crisis. Age mismatch has decreased over time, but occupational and employment-type mismatches have shown a fluctuating trend. Occupational mismatch has contributed significantly to the rise in Japan's unemployment rate, similar to the U.K. and the U.S. This suggests that addressing mismatch in the labor market is crucial for improving employment outcomes in Japan.