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Author: Ms.Chie Aoyagi Publisher: International Monetary Fund ISBN: 1475555342 Category : Business & Economics Languages : en Pages : 20
Book Description
Using prefectural data, we study the potential impact on wage dynamics of the planned minimum wage increase policy in Japan. Our main result is that stepping up minimum wage growth from 2 to the planned 3 percent per year could raise wage growth by 0.5 percent annually. Given Japan’s need for income policies to generate vigorous wage-price dynanics, reflecting the 2 percent inflation target, one policy implication of this finding is that, while the minimum wage plan will help boost wages, it should be accompanied by other, more “unorthodox” income policies, such as a “soft target” for private sector wage growth through a “comply -or-explain mechanism” for wage growth and increases in public wages in line with the inflation target.
Author: Ms.Chie Aoyagi Publisher: International Monetary Fund ISBN: 1475555342 Category : Business & Economics Languages : en Pages : 20
Book Description
Using prefectural data, we study the potential impact on wage dynamics of the planned minimum wage increase policy in Japan. Our main result is that stepping up minimum wage growth from 2 to the planned 3 percent per year could raise wage growth by 0.5 percent annually. Given Japan’s need for income policies to generate vigorous wage-price dynanics, reflecting the 2 percent inflation target, one policy implication of this finding is that, while the minimum wage plan will help boost wages, it should be accompanied by other, more “unorthodox” income policies, such as a “soft target” for private sector wage growth through a “comply -or-explain mechanism” for wage growth and increases in public wages in line with the inflation target.
Author: Davide Porcellacchia Publisher: International Monetary Fund ISBN: 1498316638 Category : Business & Economics Languages : en Pages : 26
Book Description
Structural reforms in the liquidity trap need not be deflationary. This paper develops a simple framework to study the role that key characteristics of Japan’s labor and product markets—labor-market duality and weak corporate governance—play in generating unfavorable wage-price dynamics. The model allows a discussion of whether and in what form structural reforms may contribute to Japan’s short-run goal of reflating the economy. It finds that boosting inflation with structural reforms implies an unusual trade-off with employment, that is an inverted Phillips curve. Simultaneous implementation of labor-market and product-market reforms is most effective in terms of reflating the economy.
Author: Clair Brown Publisher: Oxford University Press, USA ISBN: Category : Business & Economics Languages : en Pages : 264
Book Description
This work analyzes elements such as employee training and involvement programs, wage behavior as an incentive system and an alternate channel of savings, and synchronous wage determination (Shunto) at work in the Japanese economy that provide for such successes.
Author: Ikuo Kume Publisher: Cornell University Press ISBN: 9780801484940 Category : History Languages : en Pages : 260
Book Description
Japanese scholars have begun to challenge conventional wisdom about effective labor organizing, and Ikuo Kume has written the first book in English to advance their controversial theory. Since at least the early 1980s, the power of organized labor has weakened in most advanced industrial countries. The decline of organized labor has coincided with the decentralization of labor-management relations. As a result, most observers assume that decentralized labor is destined to lose power in a capitalist economy, and that enterprise unions will tend to be docile and powerless.Kume documents the one notable exception. The Japanese trade union confederation has steadily grown in importance, expanding its scope beyond individual companies to national policy making. Kume traces the achievements of enterprise unionism in private firms. Labor, he argues, slowly gained legitimate corporate membership by establishing joint institutions with management. By the 1960s, labor-management councils, stimulated by foreign competition, had become a widespread feature of Japanese industry. Soon unions were regular participants in the government deliberation councils and in the information exchange that shaped policy when inflation hit the Japanese economy. The unions had become a full partner by the 1980s and were crucially involved in the 1993 defeat of the Liberal Democratic Party after thirty-eight years of rule.
Author: Ms.Chie Aoyagi
Author: Ms.Chie Aoyagi
Author: 
Author: Joint Working Group on United States-Japan Wage Study
Author: Joint United States-Japan Employment Study
Author: 
Author: Tsuneo Ono
Author: Davide Porcellacchia
Author: Mari Sako
Author: Clair Brown
Author: Ikuo Kume