Education, Training and Labour Market Structure : Italy and Japan in Comparative Perspective
This paper compares the Italian and the Japanese education systems and looks at the interaction between these systems and labour market outcomes. We model the Japanese labour market, characterised by the limited labour turnover and by the emphasis on hiring straight from school, and the Italian system, characterised by higher turnover and by the emphasis on hiring experienced workers, as two stable equilibria.
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Web page: http://www.iser.osaka-u.ac.jp/index-e.html
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