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Wage differentials in Japan: 1958-85

Author

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  • Morishima, Michio

Abstract

The market is a place where people behave quite relentlessly. If one person is selling a particular commodity at a higher price than others, no one will buy that commodity from him, however virtuous or merciful he is known to be. Of course, the actual world does not always work exactly in this way, but if it works too differently, the case is regarded as being an exceptional one. Thus, the assumption that the market is a relentless place is acceptable as a first approximation ot the real world.

Suggested Citation

  • Morishima, Michio, 1989. "Wage differentials in Japan: 1958-85," LSE Research Online Documents on Economics 6924, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:6924
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    File URL: http://eprints.lse.ac.uk/6924/
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    More about this item

    Keywords

    Japan; wage differentials; commodity; market; labour market; manual labour; non-manual labour; education; sex; wage payment; seniority;
    All these keywords.

    JEL classification:

    • R14 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Land Use Patterns
    • J01 - Labor and Demographic Economics - - General - - - Labor Economics: General

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