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Labor Demand and the Structure of Adjustment Costs in Japan

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  • Hildreth, A-K-G
  • Ohtake, F

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

Paper provided by Institute of Social and Economic Research, Osaka University in its series ISER Discussion Paper with number 0434.

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Length: 36 pages
Date of creation: 1997
Date of revision:
Handle: RePEc:dpr:wpaper:0434

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Keywords: EMPLOYMENT ; JAPAN;

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References

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  1. Ricardo J. Caballero & Eduardo M.R.A. Engel & John Haltiwanger, 1995. "Aggregate Employment Dynamics: Building From Microeconomic Evidence," NBER Working Papers 5042, National Bureau of Economic Research, Inc.
  2. Katharine G. Abraham & Susan N. Houseman, . "Job Security and Work Force adjustment: How Different are U.S. and Japanese Practices?," Upjohn Working Papers and Journal Articles kgasnh1989, W.E. Upjohn Institute for Employment Research.
  3. Daniel S. Hamermesh, 1990. "A Genral Model of Dynamic Labor Demand," NBER Working Papers 3356, National Bureau of Economic Research, Inc.
  4. 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, London School of Economics and Political Science, vol. 63(250), pages 325-42, May.
  5. Hamermesh, Daniel S, 1989. "Labor Demand and the Structure of Adjustment Costs," American Economic Review, American Economic Association, vol. 79(4), pages 674-89, September.
  6. repec:fth:osakae:434 is not listed on IDEAS
  7. Andrew Hildreth and Fumio Ohtake, . "Labor Demand and the Structure of Adjustment Costs in Japan," Economics Discussion Papers, University of Essex, Department of Economics 469, University of Essex, Department of Economics.
  8. Brunello, Giorgio, 1988. "Organizational adjustment and institutional factors in Japanese labour market adjustment: An empirical evaluation," European Economic Review, Elsevier, vol. 32(4), pages 841-860, April.
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Citations

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Cited by:
  1. 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," ISS Discussion Paper Series (series F) f154, Institute of Social Science, The University of Tokyo.
  2. 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).
  3. 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.
  4. 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.
  5. Andrew Hildreth and Fumio Ohtake, . "Labor Demand and the Structure of Adjustment Costs in Japan," Economics Discussion Papers, University of Essex, Department of Economics 469, University of Essex, Department of Economics.
  6. 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, Institute of Social and Economic Research, Osaka University 0784, Institute of Social and Economic Research, Osaka University.
  7. 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).
  8. 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.
  9. 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.
  10. 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.

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