Capital and Labour in Japan: The Functions of Two Factor Markets, 1st Edition (Hardback) book cover

Capital and Labour in Japan

The Functions of Two Factor Markets, 1st Edition

Edited by Toshiaki Tachibanaki, Atsuhiro Taki


244 pages

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Hardback: 9780415226233
pub: 2000-03-30
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pub: 2012-12-06
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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.

About the Series

Routledge Studies in the Growth Economies of Asia

The aim of this series is to publish original, high-quality work by both new and established scholars on all aspects of the growth economies of Asia.

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Subject Categories

BISAC Subject Codes/Headings:
BUSINESS & ECONOMICS / Economics / General