55 research outputs found
NBER WORKING PAPER SERIES CONSTRAINTS ON THE LEVEL AND EFFICIENT USE OF LABOR IN JAPAN Hiroshi Ono
participants in the March 2002 NBER-CEPR-EIJS conference and the Oxford Labor Economics Seminar. All omissions and errors are of course our own. A slightly different version of this paper appears as SSE/EFI Working Paper Series in Economics and Finance 500. The views expressed herein are those of the authors and not necessarily those of the National Bureau of Economic Research. ©2003 by Hiroshi Ono and Marcus E. Rebick. All rights reserved. Short sections of text not to exceed two paragraphs, may be quoted without explicit permission provided that full credit including notice, is given to the source
Constraints on the Level and Efficient Use of Labor in Japan
We examine a number of personnel practices, laws and regulations that lower the supply of labor in the Japanese economy. Broadly speaking, there are two kinds of impediments, those that restrict the movement of labor between firms, and those that discourage women from participating to a greater extent. Using other OECD countries and especially the United States as a benchmark, we estimate that removal of these barriers would increase the productive labor supply in Japan by some 13 to 18 percent and thus could raise the potential growth rate of the Japanese economy by roughly 1% per annum over a ten-year period.
Impediments to the Productive Employment of Labor in Japan
We examine a number of personnel practices, laws and regulations that lower the supply of labor in the Japanese economy. Broadly speaking, there are two kinds of impediments, those that restrict the movement of labor between firms, and those that discourage women from participating to a greater extent. Using other OECD countries and especially the United States as a benchmark, we estimate that removal of these barriers would increase the productive labor supply in Japan by some 13 to 18 percent and thus could raise the potential growth rate of the Japanese economy by roughly 1% per annum over a ten-year period.labor mobility; gender
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