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Labor Demand and the Structure of Adjustment Costs in Japan

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  • Hildreth, Andrew K. G.
  • Ohtake, Fumio

Abstract

Recent work by Hamermesh (1989) has emphasised that it is wrong to assume that employers adjust continuously in response to demand shocks. Using data provided by a Japanese company we examine the nature of adjustment costs at different levels of aggregation in Japan.
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Suggested Citation

  • Hildreth, Andrew K. G. & Ohtake, Fumio, 1998. "Labor Demand and the Structure of Adjustment Costs in Japan," Journal of the Japanese and International Economies, Elsevier, vol. 12(2), pages 131-150, June.
  • Handle: RePEc:eee:jjieco:v:12:y:1998:i:2:p:131-150
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    References listed on IDEAS

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    1. Hamermesh, Daniel S, 1989. "Labor Demand and the Structure of Adjustment Costs," American Economic Review, American Economic Association, pages 674-689.
    2. Hart, Robert A & Malley, Jim, 1996. "Excess Labour and the Business Cycle: A Comparative Study of Japan, Germany, the United Kingdom and the United States," Economica, London School of Economics and Political Science, pages 325-342.
    3. Abraham, Katharine G. & Houseman, Susan N., 1989. "Job security and work force adjustment: How different are U.S. and Japanese practices?," Journal of the Japanese and International Economies, Elsevier, pages 500-521.
    4. Katharine G. Abraham & Susan N. Houseman, 1993. "Job Security and Work Force Adjustment: How Different are U.S. and Japanese Practices?," Book chapters authored by Upjohn Institute researchers,in: Christopher F. Buechtemann (ed.), Employment Security and Labor Market Behavior: Interdisciplinary Approaches and International Evidence, pages 180-199 W.E. Upjohn Institute for Employment Research.
    5. Brunello, Giorgio, 1988. "Organizational adjustment and institutional factors in Japanese labour market adjustment: An empirical evaluation," European Economic Review, Elsevier, vol. 32(4), pages 841-860, April.
    6. Hildreth, Andrew K. G. & Ohtake, Fumio, 1998. "Labor Demand and the Structure of Adjustment Costs in Japan," Journal of the Japanese and International Economies, Elsevier, pages 131-150.
    7. Caballero, Ricardo J & Engel, Eduardo M R A & Haltiwanger, John, 1997. "Aggregate Employment Dynamics: Building from Microeconomic Evidence," American Economic Review, American Economic Association, pages 115-137.
    8. Hildreth, A-K-G & Ohtake, F, 1997. "Labor Demand and the Structure of Adjustment Costs in Japan," ISER Discussion Paper 0434, Institute of Social and Economic Research, Osaka University.
    9. Hamermesh, Daniel S, 1992. "A General Model of Dynamic Labor Demand," The Review of Economics and Statistics, MIT Press, pages 733-737.
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    Cited by:

    1. Hildreth, Andrew K. G. & Ohtake, Fumio, 1998. "Labor Demand and the Structure of Adjustment Costs in Japan," Journal of the Japanese and International Economies, Elsevier, pages 131-150.
    2. Ariga, Kenn, 2006. "Horizontal transfer, vertical promotion, and evolution of firm organization," Journal of the Japanese and International Economies, Elsevier, vol. 20(1), pages 20-49, March.
    3. Ryo Horii & Tatsuro Iwaisako, 2007. "Economic Growth with Imperfect Protection of Intellectual Property Rights," Journal of Economics, Springer, pages 45-85.
    4. Ariga, Kenn & Kurosawa, Masako & Ohtake, Fumio & Sasaki, Masaru & Yamane, Shoko, 2013. "Organization adjustments, job training and productivity: Evidence from Japanese automobile makers," Journal of the Japanese and International Economies, Elsevier, pages 1-34.
    5. Hildreth, A-K-G & Ohtake, F, 1997. "Labor Demand and the Structure of Adjustment Costs in Japan," ISER Discussion Paper 0434, Institute of Social and Economic Research, Osaka University.
    6. Kenji Azetsu & Mototsugu Fukushige, 2009. "The estimation of asymmetric adjustment costs for the number of workers and working hours - empirical evidence from Japanese industry data," Applied Economics Letters, Taylor & Francis Journals, vol. 16(10), pages 995-998.
    7. GENDA, Yuji & KURODA, Sachiko & OHTA, Souichi, 2011. "Does downsizing take a toll on retained staff? An analysis of increased working hours during recessions using Japanese micro data," ISS Discussion Paper Series (series F) f154, Institute of Social Science, The University of Tokyo.
    8. Kubo, Katsuyuki & Saito, Takuji, 2012. "The effect of mergers on employment and wages: Evidence from Japan," Journal of the Japanese and International Economies, Elsevier, pages 263-284.
    9. Kenn Ariga & Masako Kurosawa & Fumio Ohtake & Masaru Sasaki & Shoko Yamane, 2010. "Organization Adjustments, Job Training and Productivity: Evidence from Japanese Automobile Makers," ISER Discussion Paper 0784, Institute of Social and Economic Research, Osaka University.
    10. Fumio Ohtake, 2003. "Unions, the Costs of Job Loss, and Vacation," NBER Chapters,in: Labor Markets and Firm Benefit Policies in Japan and the United States, pages 371-390 National Bureau of Economic Research, Inc.
    11. Ariga, Kenn & Kambayashi, Ryo, 2010. "Employment and wage adjustments at firms under distress in Japan: An analysis based upon a survey," Journal of the Japanese and International Economies, Elsevier, vol. 24(2), pages 213-235, June.
    12. Sebastien Lechevalier & Cyrille Dossougoin & Christophe Hurlin & Satoko Takaoka, 2014. "How did the Japanese Employment System Change?Investigating the Heterogeneity of Downsizing Practices across Firms," KIER Working Papers 883, Kyoto University, Institute of Economic Research.

    More about this item

    JEL classification:

    • J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand
    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights

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