Why Are Japanese Wages So Sluggish?

Why Are Japanese Wages So Sluggish?
Over the past decade, productivity-adjusted wages have grown at a slower pace in Japan than in other rich countries. This paper suggests that Japan's dualities between regular and "nonregular" labor market contracts and the relatively inefficient services sector have exacerbated the negative impact of globalization and technical change on the... READ MORE...

Publication date: May 2009
ISBN 9781451872446
$18.00

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