Capital and Labour in Japan

The Functions of Two Factor Markets

Business & Finance, Economics
Cover of the book Capital and Labour in Japan by , Taylor and Francis
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Author: ISBN: 9781135126919
Publisher: Taylor and Francis Publication: December 6, 2012
Imprint: Routledge Language: English
Author:
ISBN: 9781135126919
Publisher: Taylor and Francis
Publication: December 6, 2012
Imprint: Routledge
Language: English

Toshiaki Tachibanaki and Atsuhiro Taki emphasise several institutional features in Japan which differ from those in Euro-American countries: for example, the permanent employment and seniority system in wages and promotion, the dual structure, Keiretsu transactions, the main bank system, and intercorporate shareholding. This book examines in particular the distinction between long-run and short-run contractual relationships which produced such features. It presents both the positive and the negative evaluations of the factor market. Exploring the similarities and interdependencies between two important and idiosyncratic factor markets in Japan, this book brings data to hand which until now has only been available in specialist journals.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Toshiaki Tachibanaki and Atsuhiro Taki emphasise several institutional features in Japan which differ from those in Euro-American countries: for example, the permanent employment and seniority system in wages and promotion, the dual structure, Keiretsu transactions, the main bank system, and intercorporate shareholding. This book examines in particular the distinction between long-run and short-run contractual relationships which produced such features. It presents both the positive and the negative evaluations of the factor market. Exploring the similarities and interdependencies between two important and idiosyncratic factor markets in Japan, this book brings data to hand which until now has only been available in specialist journals.

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