Description
Capital and Labour in Japan
The Functions of Two Factor Markets
Routledge Studies in the Growth Economies of Asia Series
Coordinators: Tachibanaki Toshiaki, Taki Atsuhiro
Language: EnglishSubject for Capital and Labour in Japan:
Keywords
intercorporate; shareholding; main; bank; system; institutional; complementarity; client; firms; trust; West Germany; Intercorporate Shareholding; Main Bank System; Nonfinancial Firms; Japanese Main Bank System; Main Bank; Non-financial Firms; Firm Specific Human Capital; Long Term Credit Bank; Long Term Contractual Relationship; Employment Status Survey; Institutional Complementarity; Short Term Financial Assets; Job Duration; Job Tenures; Involuntary Separations; Strategic Complementarity; Lending Order; Japanese Company System; Longer Job Tenures; Specific Rate Models; Top Shareholders; Labour Force Status; Accrued Capital Gains; Proportional Hazard Model
· 15.6x23.4 cm · Hardback
Description
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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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