Job Security and Work Force Adjustment: How Different are U.S. and Japanese Practices?
In: Dynamic Labor Demand and Adjustment Costs
This paper compares employment and hours adjustment in Japanese and U.S. manufacturing. In contrast to some previous work, we find that adjustment of total labor input to demand changes is significantly greater in the United States than in Japan; adjustment of employment is significantly greater in the United States, while that of average hours is about the same in the two countries. Although workers in Japan enjoy greater employment stability than do U.S. workers, we find considerable variability in the adjustment patterns across groups within each country. In the United States, most of the adjustment is borne by production workers. In Japan, female workers, in particular, bear a disproportionate share of adjustment.
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|This chapter was published in: Giorgio Galeazzi & Daniel Hamermesh (ed.) Dynamic Labor Demand and Adjustment Costs, Edward Elgar Publishing, pages 280-301, 1992.|
|This item is provided by W.E. Upjohn Institute for Employment Research in its series Book chapters authored by Upjohn Institute researchers with number snhkga1992.|
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References listed on IDEAS
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- Richard B. Freeman & Martin L. Weitzman, 1986.
"Bonuses and Employment in Japan,"
NBER Working Papers
1878, National Bureau of Economic Research, Inc.
- Freeman, Richard B. & Weitzman, Martin L., 1987. "Bonuses and employment in Japan," Journal of the Japanese and International Economies, Elsevier, vol. 1(2), pages 168-194, June.
- Hall, Robert E, 1982.
"The Importance of Lifetime Jobs in the U.S. Economy,"
American Economic Review,
American Economic Association, vol. 72(4), pages 716-24, September.
- Robert E. Hall, 1980. "The Importance of Lifetime Jobs in the U.S. Economy," NBER Working Papers 0560, National Bureau of Economic Research, Inc.
- Katharine G. Abraham & James L. Medoff, 1984. "Length of Service and Layoffs in Union and Nonunion Work Groups," ILR Review, Cornell University, ILR School, vol. 38(1), pages 87-97, October.
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