Labor Market Adjustments in the Pacific Basin

1. Front Matter

   Pages i-xi

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2. Introduction

   1. Introduction

      • Peter T. Chinloy, Ernst W. Stromsdorfer

      Pages 1-9

3. Theoretical Framework: Institutions and the Labor Market

   1. Front Matter

      Pages 11-11

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   2. A Comparison of Labor Market Equilibria Under Different Institutional Organizations

      • Nicholas M. Kiefer

      Pages 13-30

4. Observed Dislocation: International Comparisons

   1. Front Matter

      Pages 31-31

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   2. Wage Flexibility in the United States and Japan

      • Masanori Hashimoto, John Raisian

      Pages 33-59

   3. The Impact of International Trade Shocks on Wage Adjustments in Canada

      • Jean-Michel Cousineau

      Pages 61-78

   4. Japanese Redundancy: The Impact of Key Labor Market Institutions on the Economic Flexibility of the Japanese Economy

      • Kazuo Koike

      Pages 79-101

   5. The Impact of Mexican Migration on the United States and Mexican Economies and Labor Markets

      • Juan Diez-Canedo Ruiz

      Pages 103-136

5. Domestic and International Shocks: Effects on Employment and Wages

   1. Front Matter

      Pages 137-137

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   2. Wage and Employment Adjustments and the Efficiency Wage Hypothesis: An Application to the Japanese Manufacturing Sector

      • Isao Ōhashi

      Pages 138-159

   3. The Collective Impact of Sectoral Shocks on Aggregate Employment Fluctuations

      • Joseph G. Altonji, John C. Ham

      Pages 161-201

6. Compensation of Displaced Workers

   1. Front Matter

      Pages 203-203

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   2. Job Security Versus Income Security

      • G. C. Archibald, Peter T. Chinloy

      Pages 205-241

   3. Compensating Displaced Workers—Why, How Much, How?

      • Daniel S. Hamermesh, Joseph J. Cordes, Robert S. Goldfarb

      Pages 243-265

7. Back Matter

   Pages 267-270

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Peter T. Chinloy and Ernst W. Stromsdorfer I. Background to Adjustments in Labor Markets The book examines the process of adjustment in labor markets across countries arising from external shocks and shifts in international competi­ tiveness. The examination of specific countries and their data permits a comparison of alternative institutions for compensating and redeploying labor. Four countries are involved, whose labor markets are both competi­ tive and complementary: Canada, Japan, Mexico, and the United States. Both public labor market institutions, such as direct government com~ pensation of displaced workers and the effect of unemployment insurance, and private market arrangements, such as em loyer-employee agreements on layoffs, the work contract, and severance pay, are considered. Compara­ tive examination across countries of labor market and related insitutions is thus possible. The book has a common theme, namely the adjustment of labor markets to exogenous shocks, particularly those externally induced. The unifying focus in on workers whose specific skills in an industry or firm render them relatively immobile.

• Japan
• Job Security
• economy
• institutions
• international trade
• labor market
• labor markets
• migration

• Department of Economics, University of Santa Clara, Santa Clara, USA

  Peter T. Chinloy

• Department of Economics, Washington State University, Pullman, USA

  Ernst W. Stromsdorfer

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