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An Empirical Analysis of the Relationships of Substitution and Complementarity Between Regular and Nonregular Employees in Japanese Firms

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  • Masao Yamaguchi

Abstract

This study uses Annual Securities Report data from firms listed on the first section of the Tokyo Stock Exchange (TSE) in FY 2005 and FY 2006 to examine whether there is a relationship of substitution or complementarity between regular and nonregular employees. This is done by measuring and testing the Hicks partial elasticity of complementarity, the Allen partial elasticity of substitution, the Morishima elasticity of substitution, and the direct partial elasticity of substitution. The measurements of each of these elasticities show that there is a relationship of substitution between regular and nonregular employees, and the results suggest that employment substitution behavior aimed at decreasing the number of regular employees and increasing the number of nonregular employees expanded in FY 2005 and 2006. This study also gives mathematical proofs and a detailed explanation of the methods used to calculate the Hicks elasticity of complementarity, the Allen elasticity of substitution, the Morishima elasticity of substitution, and the direct partial elasticity of substitution from the Translog production function.

Suggested Citation

  • Masao Yamaguchi, 2012. "An Empirical Analysis of the Relationships of Substitution and Complementarity Between Regular and Nonregular Employees in Japanese Firms," Japanese Economy, Taylor & Francis Journals, vol. 39(1), pages 3-47.
    • Handle: RePEc:mes:jpneco:v:39:y:2012:i:1:p:3-47
    DOI: 10.2753/JES1097-203X390101
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    Cited by:

    1. Georg D. BLIND & Stefania LOTTANTI VON MANDACH, 2015. "Decades not Lost, but Won: Increased Employment, Higher Wages, and More Equal Opportunities in the Japanese Labour Market," Social Science Japan Journal, University of Tokyo and Oxford University Press, vol. 18(1), pages 63-88.

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