The Industrial Organization of the Japanese Bar: Levels and Determinants of Attorney Income
AbstractUsing micro-level data on attorney incomes, we reconstruct the industrial organization of the Japanese legal services industry. These data suggest a bifurcated bar, with two sources of unusually high income: an idiosyncratic return to talent in Tokyo, and a compensating differential for the lack of amenities in the provinces. The most able would-be lawyers (those with the highest opportunity costs) pass the bar-exam equivalent on one of their first tries or abandon the effort. If they pass, they tend to opt for careers in Tokyo that involve complex litigation and business transactions. This work places a premium on their talent, and from it they earn appropriately high incomes. The less talented face lower opportunity costs, and willingly spend many years studying for the exam. If they eventually pass, they opt either for relatively low-income careers in Tokyo, or for a practice in the provinces that pays a compensating differential for the lower levels of amenities.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Indiana University, Kelley School of Business, Department of Business Economics and Public Policy in its series Working Papers with number 2008-18.
Date of creation: Nov 2008
Date of revision:
Contact details of provider:
Postal: 1309 East Tenth Street, Room 451, Bloomington, IN 47405-1701
Web page: http://www.bus.indiana.edu/bepp/
More information through EDIRC
Other versions of this item:
- Nakazato, Minoru & Ramseyer, J. Mark & Rasmusen, Eric, 2006. "The Industrial Organization of the Japanese Bar: Levels and Determinants of Attorney Income," MPRA Paper 1444, University Library of Munich, Germany.
- K40 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-02-28 (All new papers)
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Yamamura, Eiji, 2010.
"“Brand” and performance in a new environment: Analysis of the law school market in Japan,"
24257, University Library of Munich, Germany.
- Eiji Yamamura, 2011. "Brand and Performance in a New Environment: Analysis of the Law School Market in Japan," Atlantic Economic Journal, International Atlantic Economic Society, vol. 39(2), pages 155-164, June.
- Yamamura, Eiji, 2010. "“Brand” and performance in a new environment: Analysis of the law school market in Japan," MPRA Paper 22036, University Library of Munich, Germany.
- Yamamura, Eiji, 2010.
"The effect of learning varies according to locality: Micro data analysis of the lawyer market in Japan,"
Japan and the World Economy,
Elsevier, vol. 22(3), pages 193-197, August.
- Yamamura, Eiji, 2009. "The Effect of Learning Varies According to Locality: Micro Data Analysis of the Lawyer Market in Japan," MPRA Paper 16338, University Library of Munich, Germany.
- Yamamura, Eiji, 2010. "The Effect of Learning Varies According to Locality: Micro Data Analysis of the Lawyer Market in Japan," MPRA Paper 20025, University Library of Munich, Germany.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Rick Harbaugh).
If references are entirely missing, you can add them using this form.