Capital and Labour in Japan: The Functions of Two Factor Markets

1st Edition

Toshiaki Tachibanaki, Atsuhiro Taki

Routledge
Published March 30, 2000
Reference - 244 Pages
ISBN 9780415226233 - CAT# RU20736
Series: Routledge Studies in the Growth Economies of Asia

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Summary

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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