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Wage Determination in Japanese Manufacturing: A Review of Recent Literature

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  • HONG W. TAN

Abstract

This paper surveys the Japanese literature on wage determination, highlighting the debate between institutional and human capital explanations of inter‐firm wage differentials. Both approaches predict (and find) that years of tenure in the current firm are more highly rewarded than outside experience, but do not explain adequately the systematic differences in this valuation of experience across industry, firm size and occupation. An alternative hypothesis linking technical change to skills and wage differentials is reviewed and shown to be supported empirically.

Suggested Citation

  • Hong W. Tan, 1982. "Wage Determination in Japanese Manufacturing: A Review of Recent Literature," The Economic Record, The Economic Society of Australia, vol. 58(1), pages 46-60, March.
    • Handle: RePEc:bla:ecorec:v:58:y:1982:i:1:p:46-60
    DOI: 10.1111/j.1475-4932.1982.tb00348.x
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    References listed on IDEAS

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    1. Stoikov, Vladimir, 1973. "The Structure of Earnings in Japanese Manufacturing Industries: A Human-Capital Approach," Journal of Political Economy, University of Chicago Press, vol. 81(2), pages 340-355, Part I, M.
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