The Characteristics of the Labor Market in Japan: Earnings Profile and Skill

DOI

Bibliographic Information

Other Title
  • 日本における労働市場の特性:　賃金構造 と技能形成
  • Earnings Profile Comparison between the Manufacturing Industries and the Financial Insurance Business in Japan
  • 製造業と金融保険業の賃金プロファイル比較を通して

Abstract

This paper explores employment tenure and earnings profiles in Japan to explain the difference in the wages profile between the manufacturing industries and the financial insurance business. Central to my approach is Masanori Hashimoto and John Raisian [1985]'s wages function model in order to use the human capital theory. In the manufacturing industries, growth rates in earnings have been associated with tenure since 1985. On the other hand, growth rates in earnings haven't been associated with tenure in financial insurance business since 1985. As a whole, the total year of work experience is more important in financial insurance than in the manufacturing industries. These findings indicate that the pattern of the differences in employment tenure and earnings-tenure profiles is consistent with there being more specific human capital in the manufacturing industries than in the financial insurance business. In other words, the skill needed in industries is different. That can also account for the difference in the earnings profile between the manufacturing industries and the financial insurance business in financial deregulation of the 80s.

Journal

Details 詳細情報について

  • CRID
    1390567901498955520
  • NII Article ID
    130007941713
  • DOI
    10.20750/arls.arls013.117
  • ISSN
    2424113X
    09197990
  • Text Lang
    ja
  • Data Source
    • JaLC
    • CiNii Articles
  • Abstract License Flag
    Disallowed

Report a problem

Back to top