Impediments to the Productive Employment of Labor in Japan
AbstractWe examine a number of personnel practices, laws and regulations that lower the supply of labor in the Japanese economy. Broadly speaking, there are two kinds of impediments, those that restrict the movement of labor between firms, and those that discourage women from participating to a greater extent. Using other OECD countries and especially the United States as a benchmark, we estimate that removal of these barriers would increase the productive labor supply in Japan by some 13 to 18 percent and thus could raise the potential growth rate of the Japanese economy by roughly 1% per annum over a ten-year period.
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Bibliographic InfoPaper provided by Stockholm School of Economics in its series Working Paper Series in Economics and Finance with number 500.
Length: 26 pages
Date of creation: 15 Mar 2002
Date of revision:
Publication status: Published in Structural Impediments to Japan's Economic Growth, Blomstrom, Magnus, Corbett, Jennifer, Hayashi, Fumio, Kashyap, Anil (eds.), 2003, pages 225-257, NBER/University of Chicago Press.
Note: A later version of the paper is also available as NBER working paper no. 9484, February 2003.
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More information through EDIRC
labor mobility; gender;
Find related papers by JEL classification:
- J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination
- J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
- J60 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - General
- J68 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Public Policy
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