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The Changing Japanese Labor Market

Theory and Evidence

  • Book
  • © 2018

Overview

Authors:
  1. Akiomi Kitagawa

    1. Graduate School of Economics and Management, Tohoku University, Sendai, Japan

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  2. Souichi Ohta

    1. Department of Economics, Keio University, Tokyo, Japan

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  3. Hiroshi Teruyama

    1. Institute of Economic Research, Kyoto University, Kyoto, Japan

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  • Provides a comprehensive overview of the changing nature of the Japanese labor market
  • Offers a unified perspective on the slowdown of economic growth and ongoing changes in the Japanese labor market
  • Provides elaborate empirical analyses based on the latest data and methodologies

Part of the book series: Advances in Japanese Business and Economics (AJBE)

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Table of contents (5 chapters)

  1. Front Matter

    Pages i-xi
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  2. Overview

    • Akiomi Kitagawa, Souichi Ohta, Hiroshi Teruyama
    Pages 1-33

  3. Theory

    1. Front Matter

      Pages 35-35
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    2. Flatter Wage Profiles and Reduced Lifetime Employment: A Simple Formalization

      • Akiomi Kitagawa, Souichi Ohta, Hiroshi Teruyama
      Pages 37-63

    3. Ranking and Long-Term Unemployment in a Model with Efficiency Wages

      • Akiomi Kitagawa, Souichi Ohta, Hiroshi Teruyama
      Pages 65-115

  4. Evidence

    1. Front Matter

      Pages 117-117
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    2. Testing the Dual Structure of the Japanese Labor Market

      • Akiomi Kitagawa, Souichi Ohta, Hiroshi Teruyama
      Pages 119-168

    3. Duration Dependence of Job-Finding Rates in Japan

      • Akiomi Kitagawa, Souichi Ohta, Hiroshi Teruyama
      Pages 169-186

  5. Back Matter

    Pages 187-190
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Keywords

About this book

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.

Reviews

“We strongly recommend this book, not only to scholars interested in Japanese economy but also to anybody wanting to understand the universality of labor issues and its peculiarity, related to history and institutions.” (Sebastien Lechevalier, Journal of Economics, Vol. 130, 2020)

Authors and Affiliations

  • Graduate School of Economics and Management, Tohoku University, Sendai, Japan

    Akiomi Kitagawa

  • Department of Economics, Keio University, Tokyo, Japan

    Souichi Ohta

  • Institute of Economic Research, Kyoto University, Kyoto, Japan

    Hiroshi Teruyama

Bibliographic Information

  • Book Title: The Changing Japanese Labor Market

  • Book Subtitle: Theory and Evidence

  • Authors: Akiomi Kitagawa, Souichi Ohta, Hiroshi Teruyama

  • Series Title: Advances in Japanese Business and Economics

  • DOI: https://doi.org/10.1007/978-981-10-7158-4

  • Publisher: Springer Singapore

  • eBook Packages: Economics and Finance, Economics and Finance (R0)

  • Copyright Information: Springer Nature Singapore Pte Ltd. 2018

  • Hardcover ISBN: 978-981-10-7157-7Published: 10 April 2018

  • Softcover ISBN: 978-981-13-3918-9Published: 25 January 2019

  • eBook ISBN: 978-981-10-7158-4Published: 15 March 2018

  • Series ISSN: 2197-8859

  • Series E-ISSN: 2197-8867

  • Edition Number: 1

  • Number of Pages: XI, 190

  • Number of Illustrations: 25 b/w illustrations, 4 illustrations in colour

  • Topics: Labor Economics, Economic Growth, Social Policy

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