Job Security Laws and Structural Change in the Japanese Labor Market
AbstractThere are a number of indications that Japanese job security laws have been relaxed since the end of the 1990s. The purpose of this paper is to establish causality between job security laws and firing costs in the Japanese labor market. The analysis first investigates when and how firing costs changed, and then compares the timing of these changes in firing costs with those of job security laws. The results indicate that gradual changes in firing costs began in about 1992, lagging one or two years behind the bursting of the bubble economy, while job security laws started to change towards the end of the 1990s.
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Bibliographic InfoPaper provided by Osaka University, Graduate School of Economics and Osaka School of International Public Policy (OSIPP) in its series Discussion Papers in Economics and Business with number 05-31.
Length: 28 pages
Date of creation: Nov 2005
Date of revision:
Adjustment costs for labor; Gradual switching model; Job security laws;
Find related papers by JEL classification:
- J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand
- J32 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Nonwage Labor Costs and Benefits; Retirement Plans; Private Pensions
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-11-12 (All new papers)
- NEP-REG-2005-11-12 (Regulation)
- NEP-SEA-2005-11-12 (South East Asia)
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