インサイダー・アウトサイダーの労働市場とマクロ経済モデルの研究 : A.リンドベック=D.J.スノーワーの理論を中心として

全文

(1)l. .

(2) . ! "#$%&'( .

(3). . . . . . . . . . . . . . . . . . . . . .

(4). . . . . . . . . . ! . " . . . . . .

(5). . . . . . # . . #. . $ . % . . . . . % . . . . . . . . .

(6) . !"#$%&'()*+,-. ./0$. ./1. 23456789: ;<=>?@'*A&BC

(7) D EF";GBCHIJKLM NOPQFRSTA&BC

(8) DEF

(9) UV@W!*+X$. ./YZ@'[\. ! ]^_`X&'()abYcR]^_Òde# ;fgX&'**a

(10) +a $. ./hij@'hi ";*'&'+,k.

(11) Ö.

(12) ]^. ÕÖ×ÕÖÖØ. ÖÙÙÚ××Û.

(13) . !"#$%&'()

(14) *+,-./012345. 678-. 9:;<:= >?@AB0 C CD. E$&'F. GHI2JK.LM3'3/D NOPQR2FG*LM8-. S<T0

(15) CUVW XYZ* [\ 678-.

(16) ]^*_K./D ()

(17) *à$bcd' ]êfghijk&D lmn-. !"#$no)p2qres3tuvY23wxeya'u. /Dza{ |}| ~|T ||*/3e' tuUVW8!"m Z Z*8'a./D S<T 9A0C ||*/3e'UVW8m Z8 ei8*Y-./D AS <: |T 0

(18) C ||*/3e'G UV-.!"m Z *-./Du' )pqr. !"#$%*. vYo hiD uhS<T23!"#$%LMe3/ hijk&DS<T !"b23 ¡¢£3e'¤¥UVW XYZ*¦§-./ e¨©ª«¬/+,s3K./3/DFGme®¯o°±²FG m(s UVW³©´/UVW*µ-¶·³K.(¸ !"m8K. t8*-3/ &DG³©´/UVW ªhFGm*- (¸ !"m8¹uºa8³K.»¯23¼*() ¼8-3/ hijk&D7©UV ½¾©(¿e±²R-3/ hijk&D LMe ÀÁ&' &.¦ÂÃÄÅu³k3K D-.Æ7 ]êuD67ÇWUV]^hi©È67< É|ÊBÉ| ]^hiDÀm ËRmÌ8-. <:ÍA 8 . Î|Ï|hiDu'Æ7 ]^ <:ÍAe-./ ³kÐN2h3ÂÑÒ23 hiD8 ÓÔ0 C.

(19)

(20) . . Ë. !"#$%&'(). *+,-.

(21) /0/"1234567 892:(;< =&

(22) > 4?5@&A512:( BC5;DEFGH. !&IJKLM&C5:<KNOP()Q. R2! !K-. "SR2TU 5. !V5R2:()+WX *YZ

(23) K[\]^<9D_`. !&Xab&5c8D"Xde` fg!"h(iE;j?&'(. klR2:() , mnop

(24) qrs tu" !"vwc!6Kxy:&z{R];Q |c

(25) "}JR]X. &'()~kR2Q = e` !6 mnop

(26) qrs + ,K[P(;<9X]

(27) "}JR R2:()`bb&'() mnop+, . ! ER]&5:8D" . IJ595D5:R2:()~!6

(28) bD8D" 0 K ¡¢ v£ ¤¥K¦§P(X &'(). .

(29) . '(e` ¨©KªJR]«P&"¬892:(

(30) ®&'¯

(31) ®'(:Y°®+ ,X±9()^²K³ ´-ý´µµ´²b%"D\(¨©;³´D´ ¶·"¸C¹:¢

(32) ®º <&'() ¨© »":(

(33) ®&¼©R2:(

(34) ®&'( +'(: ½¾¿&

(35) :2:(ÀÁKÂ·2Xh:,)¨© ;¬KÃ0P«" ÄD

(36) ®KÅÆ¬P(< "5()]³´DÇ¹:¢ dÈÉÀK-´Ê¬P(.

(37) ¤¥ef. «. ¦§¨d¦§§©. §ªª«¬¨¨.

(38) . !" #$%&'()*+,"-./012. 3456 78# 9:;<=> ?@!"( 3A56. BCDE@F<G+

(39) HIJ-. !"(J-!"K

(40) JL 3 5 MN(JL JOPQ;. <R. S@ TUVWX (6 BCDE@F 9:;<TWXYZPQJL [. \P. @-]<RS ^9 3_56. BCDE@F 9:;<à[b<. c!( <d

(41) efghT )*+ ,"TBB-.<

(42) i=j*k ^-@ PQ6. BCDE@F< c!l

(43) P). *+m`(,"T@)*+,"3 .

(44). 5Mn )*+,"op#q1,"TQ;r8<d

(45) stT&'K u<vwxy z{|) *+," / q1}1l@ 35~P~)*+," PQc!," 3

(46). 5"d,"3 d

(47). 5BK < c!(,"VZ?," Z?,"c!K<-.] <kT%(Bl@,"B"d ,"J- lWXll(," (,"PQ 35<TJL ( ¡¢l-;£@ @8..

(48)

(49) . . !"#$%& '()$*+. ¤. ,-.. /01,234

(50) "56)$789:#$;(<$=> 01 ?,@ABCD4E$*FD4 G. . HIJ/KLMN6CD4EE* OPQR34 (S+NT$; "5U VB,WXYZ#. !"#$%& '(). $* '/[\]^_ à bc34E$* dUae f ;)$;dg(/h ijkOP 'lm2n34E<=E*o"5p ,qE4/K Lrs;t.uD4E$i #$*+/ vwOP/x>y z{ |}/"5p ,~$KLrs34<= ,= ()$*. . . `q M{01 3 01

(51) R&"5p 5l m3=E*"5p/àe ().Oj` P /KLr s;t.uD4E$i #$* 01;"5#$ S#$

(52) "5 (3. ;=+4E$#$* . . 01/?{,D4 >,)$i 3-*. OP . O

(53) JP34 <E(E$*"5,S#$ (). ;QR+$, #+ / '/L ;iR&+$*,01;H $* =,R&#$

(54) JHIJO.

(55). P¡¢ (£#R&/ . OP. . OP.

(56) mnop. y. qrs9qrrt. ruuvwssx. . .

(57) .

(58) .

(59) !"#$ %&

(60) . . '()*+ (,-./012 3(, . . 9

(61) .

(62) < 456 7

(63) 8379:; 79:; =#$%& '

(64) . . . . '()*+79:;(,-./ . 3(,. . >?@ABCD6EFG456

(65) HI 3ABCD6JKHI

(66) . 8LM'(,

(67) . . HI 3NO-P

(68) QR8STHIUV-W,% XYZ[\ ]^ HIUV-,_ 8`&3+.ab(, c

(69) STde 3 2+STfg3 . hi!"O-jk8

(70) -. l. 3 -. z . . {|

(71) .

(72)

(73) . t. . . . . . . . !"# $%&. . . '()*"$+,-./01'234'5.6,78.9.:$+, ;< .!&,=' A. !"$'>?@10,-. BCDE )F.7G2H4IJK&,;< LM'N OG$. +, . . . . . . . . . PQ2H#R;S&TU".'VW#XY@10,IZ[\, ' 5.6,78.]^_`$

(74) \,78. Ia)bc,dS$+,e;$' I: f'Z=\,-eg 7G . . . . hcS =7GN#i, . . . . . . jk Ilm!" n'op 78.qr\,. . . . . . 7G \,-e;

(75) f'o.ps;

(76) f'.

(77) ¡¢£¤. . ¥¦§¨¥¦¦. ¦©©ª«§§¬.

(78) . . . .

(79)

(80) !"#$%&'

(81) . . . . ()* +,-.

(82) . . . . . . 5678*)

(83). 29!( /012 34 ):; <=><?@"ABCD"E&FGH)

(84) ABCD34IJ "K"'

(85) LMN "OPQR :;"S&TU)

(86) K"&'

(87) 2V 2WX&"ABCD-"KYZ [R 24

(88) ABCD<= ><?@5\5\ ]\N :; T 5\5\^"<=><?@ "AB _àbcN78*)!K" de24

(89) f25\5\ g*"hi<=><?@"E& j@klm n4

(90) K" op24

(91) ("%&:; "S&q"_`rs&9

(92) t"ABu..

(93) . CDT :;<=><?@V*vwH)!ABx yzNy{| ,("%&"}

(94) ("o~&ABCD"<=><?@ '

(95) :;<=><?@ 24

(96) ABCD"EV*ABx _` F

(97) n7 H)!c 6 I"G'

(98) 5" ()}d

(99) ( &9

(100) _`` . à"[R}w24

(101) (( 3"'

(102) . c&',

(103). ( . . 2

(104) . !4 #$,4!K"&'

(105) <=><?@ 1278*)! }" K!*24

(106) <=><.

(107)

(108) . f.

(109)

(110) . . !"#$%&'( )#*. +,'- .)/01234#*56789: ;<'=>?@A BC DEF .)#*

(111) . . . . GHI GHI. ++3 $%& JKLMNO(3PQ,LK#.. . RDSTNLU# * . VWXY' )#*- ZK$%& S[ 34#* W\ V]WXY' ,OWXY' )#*+ DR' $%3 ^_ `>Sabc)A2c1]W]ZK$%&Sd.e#*.

(112) |. vwxy. z{|}z{{~. {||.

(113) . ! "# $%!. &'(

(114) )* +, -. /01&23#456789:;< =>?@A BC,DEF G2H 89: BC I3JDG2KL -./01&MN =OPCQRQ#G2H3 GG=89: SATUVTW. XYZ[\ W]^_` Ya[bcBC d

(115) @ef_OW]^ gh ghij ghkl=mn:

(116) =o

(117) @p qr B#=sMbctu.

(118)

(119) .

(120)

(121) . . }}. !"#$%&'. . . . ()* ()*. +,-."/012345 . . . ()*. 89:;5<(*"=>?1:'@ABCDEFGH 6&'7 . IJ K L"MNH;:&'5OPQRS +,T"UVW >X;:&'Y?5 Z[&'E\?]F +, "^_%&UV5à"4bH c?de; HfgZ[hg'@ABCDEij6k;:&10UV8k;F$ +, lZ5

(122) mn86k;:&' oW>pq r"bsH6t?u6>6:'bs%&pqrv5 !w( )*xyzf&' 9fy . . ' \ wxy Ezf&({ * . . ()*. f1 Z[&W> .

(123) . . . \?"|H1 E{ Z[&'. ()*.

(124) TUVW. ZY. XYZ/XYYS. Y[[\]ZZ^.

(125)

(126) () *+,-.$ !" #$ %&' !/012$345678, . . (9) (9). :;<=>?@ . (9 ). ;AB@CDEFG,

(127) HIJK. !". #$LMN5O8P@ ;A,

(128) ;A,I34Q(9)@R S;AB . . (9 ).

(129)

(130) . . ij. !"#$ %&'"(). *+"# ,-.( %/012"# 3456789:;<= %>0?@ABCD EF GH I ,-.JK)LM N%O!"7PQR0?: '#S+8 T IPUIV"S%S WX @ABYZPCD [ \0?. OV"S]:"#CD%^_?)LO!"#)L. @A[\Aà. !". O*+"#T! ]&"#S b[\P+. c . def. S+WX YZ[\]&"#S+Pg0'h $df I]& "#. .

(131) tu. . . .

(132) !"#$%&' ! (

(133) )*+$,-./0 1. !234256789:;< =>?. ,-@A. !. $%&B+$CD!EFGHI. JK./L9:234256M= N(%&OP@! (. Q(9)R./I S TU! 0VW;< =>?. $X!"#$;< WY. D(9H(Z[234256\)]! H#$^W_`234256 VW;< )a+/IAb ^W2342569:!(Hc.$^W%&deS TUfHcghij@!EFVWL N(#/ 2 34256M= :!(. !k.$^W%&delhij@(9. bmno:Z[) A9Z[p)qr.$s/!Vtu. vwxZ[yyde x z.$X234256eIx{yy |I9@!(9stuvw}%&de)~D(9) !tuvw}') 9@. . . tuvw}=> . 9:!(. bmno:Z[}%&de) @. tuvw. }%&de)](9 s!.

(134) 234256j4256X/tuvw} %&de )~D(9 s/! 669.$+Q. TU k9s.

(135)

(136) . xy. !" #$%&' ()*+,-./012345"67 %8

(137) 9: ;<=> ?,@5"8 (A*B%CDE &FGH845"8 %-.(A*B%IJ@K45" . LMN. CC %OP%QR%STUV%WXYZB %[\]1^Z B*5"E!9: (/ZB% 19:45 LMN C (_`5-Ha bcde5"LMN?, 1fgCD1 LMN(hi45C(j. B-./0 1k5". . LMN. lm jn(ZBo*!/0-./0 pq(_*Brst b cuvwE5".

(138) .

(139) z{±². µ¼. ³´µ¶³´´·. ´¸¸¹ºµµ».

(140) . !" #$%&'().

(141) * +,&" - -./01234564789':; <"=&>&#?@A!" #$%

(142) #* BC"! D&"=E ./0123F="GHIJKL<"= BM&"NO%P #<.

(143) #E QR>?S T=U4564 78(VWX01IYJL<"=Z[\]^_à& "bcdefcghijklmn_opq="rs&"tu_E vwxyz{3|}~z{&"-wtu_ E # b_ >?-&"bq=" & bm bE _)&" b9 b9_&>& -- b b%P_ b b _< C%'(¡i j# . ¢£¤. ¥¦§8^ q="¨©¥¦§8^ª«Q¬&W©_E b_ b

(144) _< . . ¢£¤. b_ _< bjW® ¯° . ¢£¤.

(145)

(146) . . . ! "#$ %! "#$ . "&'( )*+ . ,-.. //0 +1234567"#8 %934$:;< =>?@ ABCDEF !%! GH IJK)*+ LMNO +. ,-. ,-.. !%! PQR4I40SDTUV ! . 0SD/ W01125XY12ZO[\12 ] ^_$à/V0bD/cd0efg+hij+kl jm0SDAnAop0+qFS

(147) rs$ t uv wxnyz{ABC|}~VSD/ s +F AgCD.

(148) 12. . . -. .

(149) .

(150) . ! "#$%&'()*#+*,-./0+*,12. 3456789:;<=>?@A!BCD)EF G! H' ()I J KL. M GNOPQR SLA!TUAH. G!VWXY6Z5[\*#+*,] S .

(151) ) . S^ S_àb cd*#+*,_`) G!efS_ `>Kg) G! hA77 ijk&'l@mn*o-jk& Ruv(w7QxNOy]izL . . pqrstQ. S'{|QxNOy] . SU ) (!TUA }~j0L. SL!7. S5I J *#+*, Gm_`) . .

(152)

(153) . ¾¿. !"#$%&' ()"#*+*. ,-./01 . 2)34567 89: *;<!"=>?' @!;<-A =& ABCD "#*?>EF '(GHIJD"# *+*KL,MGHNKOP*Q NK -R3S!"#F TAQ ' -U"()V<+#

(154) WXYZA[ ;<-\]!"# -R3Sa A^_ -=34`"#GHNKOP* 56A -b%&1' 2 c- d+ >eC f-gS"

(155) hijh*4CDA' -IE#' -AR>=`# 8kl"mAno*4`"#p*4. 56Ab%34`"#qr sdtuvÀwx1yuzW{u2

(156) TQ '

(157) -R>=` ()"#|}

(158) WXYZ f~()"#

(159) WXYZ BA+-DS (A)"F 'A ;<-%" +p 8I=34`=`F-)"#A ( NK8 ( NK-a- NK8*=> 8>+-*S#F +>}

(160) WXYZ ¡=¢£8*4S`#L,f~¤-!"F* L L L!"#12-¥`4 L ¦§A ¦§A

(161) ()"# L ¨©A' (@CD¨© A ¨©GHmA . A12 ()"#¬¤. ()"# -ª«!" 8 (@!567A ="# GHmA ()&FD8 (®!#

(162) ¯*4`"#°

(163) AFD%(¡- K#|};& L-¥± . " ¨©A' -$`4A' ="# C4 L-²"# L -N*4³´?µ¶·¸¹º*S . *;<#F TNKA»¼{½ *12 ="#NK.

(164) . . . .

(165) .

(166) . !".

(167)

(168) . §¨. !" #$%& '()* +, 389 . /0/%&123/44567 :; /<=. >/1* ?@A4BCDEFGHIDC. JKLEFM23/ DN!O PQRSJ T '()UV/<WX /0/D1YZ[\ ] .

(169).

(170) ^ 3EFG1ID_K* + EFM1`+>abcK4J d e* +0Y . Cfgh

(171) i1jPcKd9 D. 1klJTmnopq]^ BC9rs:; J . Ttuop

(172) D.

(173) %&1Wv/<=0YdK9w . D xJ67 q]^ BC9 . * + EFM*y. +,-. . * +9z=<{5!"9z=<q]^ .

(174) 679z=<q]^

(175) 1#$H|/<= T'() 67. PQ N* +9}~/<23/<= . . 1jPcK40Y * + DN* +9e R1K * +9=< 1/ * + ,g9D4/BC z{Nq]^ Ttuop1 94 . d ePQ'(*. + e p)9C0 YD= NN. 67 ` N* ?@A4BC967 mno p . 9}A<rs:; /<=. < 67H/4. . !" Tmnopq]^ D<= . NTmnop BC. #$ . * + Ttuop . . 1q]^ BC9/<_4/ %& N* + %& BN>= . d e 67 q]^ D 9wxJ67 #. $q]^ D 671

(176) ) D 679=<E. FG1I_K !O PQHJ>=EFM. H J {467 ¡¢£¤N¥¦i/<.

(177) ÉÉ. MN. ÈÉÊIÈÉÉË. ÉÌÌÍ9ÊÊÎ.

(178)

(179) . !"#$%& '()*+,-.. /,012345 678& '()$% . . . 9:) .;<=>?8 ,@ABACD8EF;GF HAIJKLGFHAMN8OPQRSTU VMNWX6YQ Z[8\ F;GFHA0]^_à3Z[ bcdeEX fg7h*ij)RSTU8kMNY RSij CF;GFHA8JKLGFHAlQmn)o8kY 8#8Y lQmno)pqr ostuv .;<=>? ,@ABA0

(180) 3)wxyElQmno Cz {|}~ NF;GFHAIJKLGFHAN C\ )_`} )UQ) U8Q88kYQ^ uv .;<=>?0 3 86}\ TU)Y8 8Y 67)F;GFHAIJKLGFHA ¡¢£¤E\YE:¥ Z[ ¦§¨p©ª\

(181) ¦§¨p03«¬®¯ °?±¡¢£ ²³)É I µ¶"#¨p03·z) ¦§¨p038"#¨p03E TU)¸ ¦§¨p038"#¨p03ETUY8®¯ °?±¡¢£8¹¶uN TU º)F;GFHAI JKLGFHAE»_`} RSTUY8 9:¼A±>½¾¿À[ÁÂÃÄÅ )ÆÇ'(.

(182)

(183) . . ®¯. !"#$% &'(). *+,-./+01234567(89:;2-. <=>?=@ ABC2:D:. ! EF$

(184) GHI12JK@LM@. ABC2NOP:;*QR $STUI(VWXYZ % BC2[ \]D,. ! <=. >?=@A(^_:;2 QRB$àb +Ocde f(gh:;2:D:ijk lBC2 m" #+n:oJGpk àb B$qO cde+rstBC2^2uvBCwJ

(185) % &'(qOcde àb xyfz{*+,

(186) =|}" " # "##~ . !. !"#$. (:;2 ?"#$/&'~% GoW

(187) (:àb $qOcde. f(@A::BC2 B+j2 @BC2. ! " #" $ % # &'() * + , * ./ 0 (* 1)-0 2 34 0 10 56 4 789 : ; 32 2 6 4 6 , 14 . <) = , >0 ? , 70 2+ @, A) B 0 * >) * C, + D E " : #F" G " HI J % K

(188) K : :L

(189) M " : ! K" K # : E" " &34 0 10 56 4 )89 J % : >) 4 * 0 , 4 0 10 56 4 7 I " N O M

(190) " PQ :RS T M N " : U HK # : " :" : U H % " " &M # S : :" :#V1, 5W 0 . 5, 1+) 1?+ @ ,X+ * (4 + (* , 0 2A) B 0 *>) * C , + 7 $ :J" J K O L U U :E E" U U " &Y* 0 0 C 6 1= 7Z)W , * 7 0 134 0 10 56 4[4 + 6 \ 6 + . 8 SH L ]@,^, 1, * )-]@, 0 * .0 235W 0 . 5, 1+ _` 1+ , * , 7 +) 1?>0 1, . L E" L6 )¡¢£o¤¥¦ §¨&'©ª«¬§ .

(191) 9=. 67. 89:899;. 9<<=>::?. .

(192) .

(193) . . . !". . # $ % . . &'( )* + , )( './ '0 . 1 (2. 3 45 . 43 (, 67/ 8 , 43 9/ 3 : ( . ; <= >". .

(194) . ? . !". . !". . #@5 , ', )( . 3 A 5 /BCBD ! E ?F. G H . . . # @5 , ', )( . 3 A 5 /BIJDBI H. >

(195) K . ! H >. #@43 , * ( / '@5 , ', )A 5 L( M A ( N JCIJB H. >

(196) J&'( )* + , )( './ '09/ 5 3 , ( 5 , ', )A 5 ; K K$ G F. H. >

(197) O% " ? . !". P. . . . # ? Q ? P . " JDIDC H. >

(198) O% " H G . Q H >. #$ . $ . ? . . F Q. DIJ > H. >

(199) O ". R Q . P !. Q ! .

(200) . QQ #S)( 3 A 5 / '@5 , ', )A 5L( M A ( N C H. >

(201) O% " H . Q ! . . Q ! #S)( 3 A 5 /'@5 , ', )A 5L( M A ( N JDJ H. >

(202) O% " T1(U '; A 0( 3 V W4. ; A 0 ( 3T1 ( , 3 -, 6@)* + , )( './ '0 &'( )* + , )( '. R H K K$ G F. H. >

(203) O% " I O QQ ! . Q . . Q ! Q ! Q . . QQ #25 / '0A '/ M A / 'X , 43 '/ +, 6 @5 , ', )A 5 ;JIB H. >

(204) O% " $ . H. ". . . !". . . . . #@5 , ', )A 57( . . ( 3 ;JJC K KY/+ 3 / ; Z@5 , ', )A 5 ; R H . [ P. ! F. !"#$% &'()* J \ > % K

(205) . " J [ . ". . Q ! . B #W] 6 , 3 0@5 , ', )A 5^/* ( 3 ;JB QQ JIC +,-./B 01*2345 " KIT1(7/ 8 , 39/ 3 : ( ./;/2, 5 A /+U '; . A . 4. A , ' >". _ . BD@+ ( )( '. ;, 6^43 (@5 , ', )A 5 ; H !_% . O$ " . " $ .

(206)