The Changing Japanese Labor Market

Theory and Evidence

Business & Finance, Career Planning & Job Hunting, Labor, Economics, Economic Development
Cover of the book The Changing Japanese Labor Market by Akiomi Kitagawa, Souichi Ohta, Hiroshi Teruyama, Springer Singapore
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Author: Akiomi Kitagawa, Souichi Ohta, Hiroshi Teruyama ISBN: 9789811071584
Publisher: Springer Singapore Publication: March 15, 2018
Imprint: Springer Language: English
Author: Akiomi Kitagawa, Souichi Ohta, Hiroshi Teruyama
ISBN: 9789811071584
Publisher: Springer Singapore
Publication: March 15, 2018
Imprint: Springer
Language: English

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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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.

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