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The Flattening of Japan’s Phillips Curve: An Unemployment Rate Analysis
Get PDFThis paper examines the causes behind the flattening of the Japanese Phillips curve by analyzing the unemployment rate measure, and its role in the flattening of the curve. This paper will utilize the actual Japanese unemployment rates from 2002 through 2019, as well as estimate an alternative unemployment rates that takes into consideration discouraged workers. In my study, I recreate the Phillips curve using these two measures of unemployment, as well as implement a simple OLS regression to understand the slopes of each Phillips curves. I will also utilize the Weintraub equation in order to theorize factors that may be leading to the flattening of the curve. I hypothesize that the Phillips curve still maintains the correct relationship, but there is an issue behind how we measure unemployment. However, my results conclude that Japan’s Phillips curve flattened more when utilizing the alternative unemployment rate rather than the actual unemployment rate. Furthermore, when applying a quadratic fit to the Phillips curve, it is evident that the recent Japanese Phillips curve has a concave relationship rather than displaying the traditional convex curve. I theorize that changes in the female labor force population within Japan is responsible for a decrease in the discouraged worker effect, thus causing a greater flattening of the curve
A Social Change-Maker and a Dreamer: Olive Schreiner’s Figures for an Ideal Future
Get PDFSocial activist, theorist, and author Olive Schreiner dreamed and demanded that others dream as well. Living in the Victorian era, a time of extreme change but also rigid cultural values, she dreamed about an ideal future characterized by gender equality, sexual equality, and racial equality not just in her own “homes” of England and South Africa, but globally. However, for Schreiner, dreaming was not enough; we must act on our dreams in order to make the necessary social change to reach an ideal future. Schreiner acted on her own dreams for social change throughout her life by theorizing, joining important social movements, and combining each of those actions into her art of writing; these efforts were not mutually exclusive. Schreiner saw the importance of the work itself. The beauty is in what we do to attain our goals. The beauty is in how we get to a more just future. Important biographical moments and pieces of her political writing paired with her allegories titled Dreams unite to illustrate a radical social change-maker demanding progress from others as well as from Schreiner herself