Career Experiences Replaced: Emergence of Japanese Internal Labor Markets
AbstractContemporary Japanese firms provides a rare example of the gports of entryh policy. This microanalysis of a steel company in the 1930s-1960s however shows that 1) mid-career recruiting was active and the industry-specific skills were valued by the end of 1960s, while 2) the return on firm-specific skills gradually increased from the 1950s, and 3) the return on schooling surged and the return on previous careers decreased from the 1950s, indicating that extended schooling was replacing mid-career experiences. The Japanese model occasionally emerged at coincidence of expanding demand for better educated workers and build of systematic work organization.
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Bibliographic InfoPaper provided by Institute of Social Science, The University of Tokyo in its series ISS Discussion Paper Series (series F) with number f157.
Length: 31 pages
Date of creation: Sep 2011
Date of revision: 29 Oct 2013
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More information through EDIRC
Specific human capital; asymmetric learning; return on education; internal labor markets; Japan;
Find related papers by JEL classification:
- J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
- M52 - Business Administration and Business Economics; Marketing; Accounting - - Personnel Economics - - - Compensation and Compensation Methods and Their Effects
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-06-13 (All new papers)
- NEP-HIS-2012-06-13 (Business, Economic & Financial History)
- NEP-LAB-2012-06-13 (Labour Economics)
- NEP-LMA-2012-06-13 (Labor Markets - Supply, Demand, & Wages)
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