The Changing Japanese Labor Market

Theory and Evidence

Akiomi Kitagawa, Souichi Ohta, Hiroshi Teruyama (Autoren)

Buch | Hardcover

190 Seiten

2018 | 1st ed. 2018
Springer Verlag, Singapore
978-981-10-7157-7 (ISBN)

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This book reappraises the Japanese employment system, characterized by such practices as the periodic recruiting of new graduates, lifetime employment and seniority-based wages, which were praised as sources of high productivity and flexibility for Japanese firms during the period of high economic growth from the middle of the 1950s until the burst of bubbles in the early 1990s. The prolonged stagnation after the bubble burst induced an increasing number of people to criticize the Japanese employment system as a barrier to the structural changes needed to allow the economy to adjust to the new environment, with detractors suggesting that such a system only serves to protect the vested interests of incumbent workers and firms. By investigating what caused the long stagnation of the Japanese economy, this book examines the validity of this currently dominant view about the Japanese employment system. The rigorous theoretical and empirical analyses presented in this book provide readers with deep insights into the nature of the current Japanese labor market and its macroeconomic impacts.

1 Overview.- Part 1: Theory.- 2 Flatter Wage Profiles and Reduced Lifetime Employment: A Simple Formalization.- 3 Ranking and Long-term Unemployment in a Model with Efficiency Wages.- Part II Evidence.- 4 Testing the Dual Structure of the Japanese Labor Market.- 5 Duration Dependence of Job-Finding Rates in Japan.- Index.

Erscheinungsdatum	19.04.2018
Reihe/Serie	Advances in Japanese Business and Economics ; 12
Zusatzinfo	4 Illustrations, color; 25 Illustrations, black and white; XI, 190 p. 29 illus., 4 illus. in color.
Verlagsort	Singapore
Sprache	englisch
Maße	155 x 235 mm
Themenwelt	Sozialwissenschaften ► Soziologie ► Mikrosoziologie
Themenwelt	Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie
Schlagworte	Japanese employment system • Japanese labor market • Lost decades • Unemployment • Youth employment
ISBN-10	981-10-7157-8 / 9811071578
ISBN-13	978-981-10-7157-7 / 9789811071577
Zustand	Neuware