Bonus Payments, on-the-Job Training, and Lifetime Employment in Japan

Hashimoto, Masanori

doi:10.1086/260813

Cited by 150 publications

(70 citation statements)

References 6 publications

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“…Although the theory of specific human capital attempts to integrate wage dynamics with labor turnover, too much indeterminacy remains to have a very informative set of predictions. This is rectified somewhat by the work of Kuratani (1973), Hashimoto (1979), Hashimoto and Yu (1980) and Hall and Lazear (1982).…”

Section: The Derivation Of Equationsmentioning

confidence: 98%

Raids and Imitation

Lazear

1983

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Section: The Derivation Of Equationsmentioning

confidence: 98%

Raids and Imitation

Lazear

1983

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“…At international level, some studies show that there is a positive relationship between the probability of receiving training and the size of the company, expressed in terms of the number of workers (Hashimoto, 1979;Oi, 1983;Holtmann & Idson, 1991;Barron, Black & Loewenstein, 1987;Lynch, 1994). Others highlight the academic experience of the employees themselves (for example, Altonji & Spletzer, 1991;Lynch & Black, 1995;Bishop, 1996;Harris, 1999), the type of contract (Oosterbeek, 1996), the salary level (Barron et al, 1987;Lynch, 1992;Bishop, 1994), or the unionization of employees (Arulampalam & Booth, 1998;Jonker & de Grip, 1999), among other corporate factors.…”

Section: Theoretical Frameworkmentioning

confidence: 99%

The impact of innovation and the use of ICTs on human capital development in Spanish industry

Batalla-Busquets

Myrthianos

2015

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Purpose: The analysis of the characteristics of the industrial companies that invest in the training of their human capital in comparison to the organizations that do not train their employees. This characterization is focused especially on the innovative capacity of firms and their technological applications. It also analyzes the factors that determine the likelihood that a company invests in personnel training.

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“…Thirdly, over the entire period, internal excess labour supply represents a much larger share of total unemployment in Japan than in the other two economies. Typically, significant variation in work intensity in Japan is linked to the view that a low transaction cost environment helps to stimulate high per-capita human capital investments and that the resulting rent sharing limits the degree of worker-firm separations (Hashimoto, 1979;Aoki, 1988). In general, the quantitative importance of excess labour within firms, coupled with inter-country differences in incidence of the two rates, support the objective of integrating work intensity into the analysis of wages and unemployment.…”

Section: Measuring Unemployment To Account For Work Intensitymentioning

confidence: 99%

Wages, work intensity and unemployment in Japan, UK and USA

2001

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Wages, work intensity and unemployment in Japan, UK and US Julia Darby, Robert Hart, Michela Vecchi This paper focuses on the impact of excess labour supply on wage inflation in Japan, the US and the UK. We extend the usual analysis to incorporate the impact of excess supply within the firm.Our estimated wage equations provide some support for the widely held view that the US labour market is inherently more "flexible" than that in Japan or the UK. In particular, US wages respond quickly to information internal to the firm (and with a lag to outside labour market conditions). However, whilst measured unemployment has no impact on Japan's wage inflation, the ultimate response of wages to internal work intensity is estimated to be twice that in the US. Our UK results are more tentative, suggesting that both unemployment and work intensity matter, though their impact has evolved over time. Our key conclusions are that work intensity is an important factor in determining wage inflation, and that results based on recorded unemployment rates alone seriously underestimate the flexibility of real wages.

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Bonus Payments, on-the-Job Training, and Lifetime Employment in Japan

Cited by 150 publications

References 6 publications

Raids and Imitation

Raids and Imitation

The impact of innovation and the use of ICTs on human capital development in Spanish industry

Wages, work intensity and unemployment in Japan, UK and USA

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