Excess Labour and the Business Cycle: A Comparative Study of Japan, Germany, the United Kingdom and the United States
AbstractAgainst the background of firm-specific human capital theory, this paper investigates empirically the relative propensity of manufacturing industries in Japan, Germany, the United Kingdom, and the United States to hold excess labor over the business cycle. Both stock and utilization dimensions of the labor input are integrated into the study. Throughout, discussion is linked to earlier research that has analyzed the relative international performance of the Japanese labor market. Copyright 1996 by The London School of Economics and Political Science.
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Bibliographic InfoArticle provided by London School of Economics and Political Science in its journal Economica.
Volume (Year): 63 (1996)
Issue (Month): 250 (May)
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- Robert A Hart & James R Malley, 1993. "Excess Labour and the Business Cycle: A Comparativer Study of Japan, Germany, the United Kingdom and the United States," Working Papers Series 93/6, University of Stirling, Division of Economics.
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- Julia Darby & Robert A Hart & Michaela Vecchi, 1998. "Labour Force Participation and the Business Cycle: A Comparative Analysis of Europe, Japan and the United States," Working Papers 9802, Business School - Economics, University of Glasgow.
- Darby, Julia & Hart, Robert A. & Vecchi, Michela, 2001. "Labour force participation and the business cycle: a comparative analysis of France, Japan, Sweden and the United States," Japan and the World Economy, Elsevier, vol. 13(2), pages 113-133, April.
- Robert Inklaar, 2007.
"Cyclical Productivity in Europe and the United States: Evaluating the Evidence on Returns to Scale and Input Utilization,"
London School of Economics and Political Science, vol. 74(296), pages 822-841, November.
- Inklaar, Robert, 2005. "Cyclical productivity in Europe and the United States, evaluating the evidence on returns to scale and input utilization," GGDC Research Memorandum 200574, Groningen Growth and Development Centre, University of Groningen.
- Inklaar, Robert, 2006. "Cyclical Productivity in Europe and the United States, Evaluating the Evidence on Returns to Scale and Input Utilization," CEPR Discussion Papers 5501, C.E.P.R. Discussion Papers.
- Malley, Jim & Muscatelli, V. Anton, 1999.
"Business cycles and productivity growth: Are temporary downturns productive or wasteful?,"
Research in Economics,
Elsevier, vol. 53(4), pages 337-364, December.
- J Malley & V A Muscatelli., . "Business Cycles and Productivity Growth: Are Temporary Downturns Productive or Wasteful?," Working Papers 9605, Business School - Economics, University of Glasgow.
- Mollick, Andre Varella, 2004. "Production smoothing in the Japanese vehicle industry," International Journal of Production Economics, Elsevier, vol. 91(1), pages 63-74, September.
- Hildreth, Andrew K. G. & Ohtake, Fumio, 1998.
"Labor Demand and the Structure of Adjustment Costs in Japan,"
Journal of the Japanese and International Economies,
Elsevier, vol. 12(2), pages 131-150, June.
- Andrew Hildreth and Fumio Ohtake, . "Labor Demand and the Structure of Adjustment Costs in Japan," Economics Discussion Papers 469, University of Essex, Department of Economics.
- Hildreth, A-K-G & Ohtake, F, 1997. "Labor Demand and the Structure of Adjustment Costs in Japan," ISER Discussion Paper 0434, Institute of Social and Economic Research, Osaka University.
- Robert A. Hart & J Malley (University of Glasgow), 1996. "Labor Productivity and the Cycle," Working Papers 9613, Business School - Economics, University of Glasgow.
- Stuart Glosser & Lonnie Golden, 2005. "Is labour becoming more or less flexible? Changing dynamic behaviour and asymmetries of labour input in US manufacturing," Cambridge Journal of Economics, Oxford University Press, vol. 29(4), pages 535-557, July.
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