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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
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Fax: 81-6-6879-8583
Web page: http://www.iser.osaka-u.ac.jp/index-e.htmlEmail:


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  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, vol. 12(2), pages 131-150, June.
  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, vol. 63(250), pages 325-42, May.
  3. Katharine G. Abraham & Susan N. Houseman, 1990. "Job Security and Work Force Adjustment: How Different are U.S. and Japanese Practices?," NBER Working Papers 3155, National Bureau of Economic Research, Inc.
  4. Hamermesh, Daniel S, 1992. "A General Model of Dynamic Labor Demand," The Review of Economics and Statistics, MIT Press, vol. 74(4), pages 733-37, November.
  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. 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. 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.
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