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Is Japan’s Long-Term Employment System Changing?

In: Internal Labour Markets, Incentives and Employment

Author

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  • Hiroyuki Chuma

Abstract

The Japanese economy enjoyed a long boom, the so-called ‘Bubble Keiki,’ after the Second World War and then faced a long recession. The current recovery process has continued to be extremely weak. Moreover, there have been several negative factors such as the weakened international competitive power of Japanese firms due to the hasty yen appreciation, the huge amount of unsecured credits accumulated during the Bubble period, etc. These factors make people feel uneasy about the future course of the Japanese economy. Furthermore, the babyboomers who have reached the middle age, especially their heavy labour costs, have made many Japanese firms experience a difficult future.

Suggested Citation

  • Hiroyuki Chuma, 1998. "Is Japan’s Long-Term Employment System Changing?," Palgrave Macmillan Books, in: Isao Ohashi & Toshiaki Tachibanaki (ed.), Internal Labour Markets, Incentives and Employment, chapter 10, pages 225-268, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-37797-4_10
    DOI: 10.1057/9780230377974_10
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    Citations

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    Cited by:

    1. Kawaguchi, Daiji & Ueno, Yuko, 2013. "Declining long-term employment in Japan," Journal of the Japanese and International Economies, Elsevier, vol. 28(C), pages 19-36.
    2. Hiroyuki Chuma & Takao Kato & Isao Ohashi, 2004. "What Japanese Workers Want: Evidence from the Japanese Worker Representation and Participation Survey," Discussion papers 04019, Research Institute of Economy, Trade and Industry (RIETI).
    3. Abe, Naohito & Shimizutani, Satoshi, 2007. "Employment policy and corporate governance-- An empirical comparison of the stakeholder and the profit-maximization model," Journal of Comparative Economics, Elsevier, vol. 35(2), pages 346-368, June.

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