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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.

Suggested Citation

  • 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.
    • Handle: RePEc:dpr:wpaper:0434
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    References listed on IDEAS

    as
    1. Hamermesh, Daniel S, 1989. "Labor Demand and the Structure of Adjustment Costs," American Economic Review, American Economic Association, vol. 79(4), pages 674-689, September.
    2. Katharine G. Abraham & Susan N. Houseman, 1993. "Job Security and Work Force Adjustment: How Different are U.S. and Japanese Practices?," Book chapters authored by Upjohn Institute researchers, in: Christopher F. Buechtemann (ed.),Employment Security and Labor Market Behavior: Interdisciplinary Approaches and International Evidence, pages 180-199, W.E. Upjohn Institute for Employment Research.
    3. 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.
    4. Patricia M. Anderson & Bruce D. Meyer, 1994. "The Extent and Consequences of Job Turnover," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 25(1994 Micr), pages 177-248.
    5. 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.
    6. 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 115-137, March.
    7. Hamermesh, Daniel S, 1992. "A General Model of Dynamic Labor Demand," The Review of Economics and Statistics, MIT Press, vol. 74(4), pages 733-737, November.
    8. 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 325-342, May.
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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," PIE/CIS Discussion Paper 510, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.
    2. 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.
    3. 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.
    4. 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.
    5. 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.
    6. Ariga, Kenn & Kurosawa, Masako & Ohtake, Fumio & Sasaki, Masaru & Yamane, Shoko, 2013. "Organization adjustments, job training and productivity: Evidence from Japanese automobile makers," Journal of the Japanese and International Economies, Elsevier, vol. 27(C), pages 1-34.
    7. Kenji Azetsu & Mototsugu Fukushige, 2009. "The estimation of asymmetric adjustment costs for the number of workers and working hours - empirical evidence from Japanese industry data," Applied Economics Letters, Taylor & Francis Journals, vol. 16(10), pages 995-998.
    8. 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.
    9. 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.
    10. 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.
    11. 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.

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    More about this item

    Keywords

    EMPLOYMENT ; JAPAN;

    JEL classification:

    • J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand
    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights

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