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Labor Demand and the Structure of Adjustment Costs in Japan

  • Hildreth, A-K-G
  • Ohtake, F

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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Paper provided by Institute of Social and Economic Research, Osaka University in its series ISER Discussion Paper with number 0434.

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Length: 36 pages
Date of creation: 1997
Date of revision:
Handle: RePEc:dpr:wpaper:0434
Contact details of provider: Postal: 6-1 Mihogaoka, Ibaraki, Osaka 567-0047
Fax: 81-6-6879-8583
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  1. 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.
  2. Daniel S. Hamermesh, 1990. "A Genral Model of Dynamic Labor Demand," NBER Working Papers 3356, National Bureau of Economic Research, Inc.
  3. Hamermesh, Daniel S, 1989. "Labor Demand and the Structure of Adjustment Costs," American Economic Review, American Economic Association, vol. 79(4), pages 674-89, September.
  4. 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.
  5. 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.
  6. Caballero, Ricardo J & Engel, Eduardo M R A & Haltiwanger, John, 1997. "Aggregate Employment Dynamics: Building from Microeconomic Evidence," American Economic Review, American Economic Association, vol. 87(1), pages 115-37, March.
  7. Robert A Hart & James R Malley, 1993. "Excess Labour and the Business Cycle: A Comparativer Study of Japan, Germany, the United Kingdom and the United States," Working Papers Series 93/6, University of Stirling, Division of Economics.
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