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The Structure of Employment, Globalization, and Economic Crises: Rethinking Contemporary Employment Dynamics with a Focus on the U.S. and Japan

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  • James Heintz

Abstract

This paper explores the intersections between the current trajectory of globalization, changes to the structure of employment, and policies for maintaining opportunities for decent employment. There are numerous outcomes of these interactions, including higher levels of open unemployment, growth of informal employment, downward pressure on the returns to labor, and a redistribution of risk from capital to labor. Common factors have affected labor demand and labor supply in a range of countries, but specific employment outcomes are dependent on domestic institutions and structural realities. Within this broader framework, the paper examines changing patterns of employment in Japan and the U.S. in recent years, including the experience of both countries with regard to financial bubbles and subsequent crises.

Suggested Citation

  • James Heintz, 2010. "The Structure of Employment, Globalization, and Economic Crises: Rethinking Contemporary Employment Dynamics with a Focus on the U.S. and Japan," Working Papers wp242, Political Economy Research Institute, University of Massachusetts at Amherst.
    • Handle: RePEc:uma:periwp:wp242
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    References listed on IDEAS

    as
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    5. Susan Houseman & Machiko Osawa (ed.), 2003. "Nonstandard Work in Developed Economies: Causes and Consequences," Books from Upjohn Press, W.E. Upjohn Institute for Employment Research, number nwde, November.
    6. Richard B. Freeman, 2009. "Labor Regulations, Unions, and Social Protection in Developing Countries: Market distortions or Efficient Institutions?," NBER Working Papers 14789, National Bureau of Economic Research, Inc.
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    8. Chang, Ha-Joon, 1993. "The Political Economy of Industrial Policy in Korea," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 17(2), pages 131-157, June.
    9. David Grubb & Jae-Kap Lee & Peter Tergeist, 2007. "Addressing Labour Market Duality in Korea," OECD Social, Employment and Migration Working Papers 61, OECD Publishing.
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    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Gozgor, Giray, 2018. "Does the structure of employment affect the external imbalances? Theory and evidence," Structural Change and Economic Dynamics, Elsevier, vol. 45(C), pages 77-83.
    2. OKEKE, Ijeoma Chinwe (Ph.D) & ALONTA, Gabriel Chidiebere, 2023. "Entrepreneurship Education And Informal Sector: Implications For Sustainable Economic Development," International Journal of Research and Scientific Innovation, International Journal of Research and Scientific Innovation (IJRSI), vol. 10(8), pages 297-305, August.

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    More about this item

    Keywords

    J21; O43; P48;
    All these keywords.

    JEL classification:

    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • P48 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies

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