Job Security and Work Force Adjustment: How Different are U.S. and Japanese Practices?
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.
|Date of creation:||Nov 1989|
|Publication status:||published as Journal of the Japanese and International Economies, Vol. 3, No. 4, pp. 500-521, (December 1989).|
|Contact details of provider:|| Postal: National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.|
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- 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.
- Richard B. Freeman & Martin L. Weitzman, 1986. "Bonuses and Employment in Japan," NBER Working Papers 1878, National Bureau of Economic Research, Inc.
- Hall, Robert E, 1982. "The Importance of Lifetime Jobs in the U.S. Economy," American Economic Review, American Economic Association, vol. 72(4), pages 716-724, 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. Full references (including those not matched with items on IDEAS)
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