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Labor Demand and the Structure of Adjustment Costs in Japan

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  • Hildreth, Andrew K. G.
  • Ohtake, Fumio

Abstract

Recent work by Hamermesh (1989) has emphasised that it is wrong to assume that employers adjust continuously in response to demand shocks. Using data provided by a Japanese company we examine the nature of adjustment costs at different levels of aggregation in Japan.

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Bibliographic Info

Article provided by Elsevier in its journal Journal of the Japanese and International Economies.

Volume (Year): 12 (1998)
Issue (Month): 2 (June)
Pages: 131-150

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Handle: RePEc:eee:jjieco:v:12:y:1998:i:2:p:131-150

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Web page: http://www.elsevier.com/locate/inca/622903

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References

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  1. 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.
  2. Hart, Robert A & Malley, Jim, 1996. "Excess Labour and the Business Cycle: A Comparative Study of Japan, Germany, the United Kingdom and the United States," Economica, London School of Economics and Political Science, vol. 63(250), pages 325-42, May.
  3. Hamermesh, Daniel S, 1992. "A General Model of Dynamic Labor Demand," The Review of Economics and Statistics, MIT Press, vol. 74(4), pages 733-37, November.
  4. Katharine G. Abraham & Susan N. Houseman, 1990. "Job Security and Work Force Adjustment: How Different are U.S. and Japanese Practices?," NBER Working Papers 3155, National Bureau of Economic Research, Inc.
  5. Caballero, Ricardo J & Engel, Eduardo M R A & Haltiwanger, John, 1997. "Aggregate Employment Dynamics: Building from Microeconomic Evidence," American Economic Review, American Economic Association, vol. 87(1), pages 115-37, March.
  6. repec:fth:osakae:434 is not listed on IDEAS
  7. Daniel S. Hamermesh, 1988. "Labor Demand and the Structure of Adjustment Costs," NBER Working Papers 2572, National Bureau of Economic Research, Inc.
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Citations

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Cited by:
  1. Fumio Ohtake, 2003. "Unions, the Costs of Job Loss, and Vacation," NBER Chapters, in: Labor Markets and Firm Benefit Policies in Japan and the United States, pages 371-390 National Bureau of Economic Research, Inc.
  2. Ariga, Kenn, 2006. "Horizontal transfer, vertical promotion, and evolution of firm organization," Journal of the Japanese and International Economies, Elsevier, vol. 20(1), pages 20-49, March.
  3. Kenji Azetsu & Mototsugu Fukushige, 2005. "The Estimation of Asymmetric Adjustment Costs for the Number of Workers and Working Hours |Empirical Evidence from Japanese Industry Data," Discussion Papers in Economics and Business 05-18, Osaka University, Graduate School of Economics and Osaka School of International Public Policy (OSIPP).
  4. Sebastien Lechevalier & Cyrille Dossougoin & Christophe Hurlin & Satoko Takaoka, 2014. "How did the Japanese Employment System Change?Investigating the Heterogeneity of Downsizing Practices across Firms," KIER Working Papers 883, Kyoto University, Institute of Economic Research.
  5. 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.
  6. Kubo, Katsuyuki & Saito, Takuji, 2012. "The effect of mergers on employment and wages: Evidence from Japan," Journal of the Japanese and International Economies, Elsevier, vol. 26(2), pages 263-284.
  7. Ariga, Kenn & Kambayashi, Ryo, 2010. "Employment and wage adjustments at firms under distress in Japan: An analysis based upon a survey," Journal of the Japanese and International Economies, Elsevier, vol. 24(2), pages 213-235, June.
  8. Kenn Ariga & Masako Kurosawa & Fumio Ohtake & Masaru Sasaki & Shoko Yamane, 2010. "Organization Adjustments, Job Training and Productivity: Evidence from Japanese Automobile Makers," ISER Discussion Paper 0784, Institute of Social and Economic Research, Osaka University.
  9. Genda, Yuji & Kuroda, Sachiko & Ohta, Souichi, 2011. "Does downsizing take a toll on retained staff? An analysis of increased working hours during recessions using Japanese micro data," PIE/CIS Discussion Paper 510, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.
  10. Kenji Azetsu & Mototsugu Fukushige, 2005. "Job Security Laws and Structural Change in the Japanese Labor Market," Discussion Papers in Economics and Business 05-31, Osaka University, Graduate School of Economics and Osaka School of International Public Policy (OSIPP).

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