Kalantzis, Yannick
[VerfasserIn]
;
Lechevalier, Sebastien
[Sonstige Person, Familie und Körperschaft];
Kambayashi, Ryo
[Sonstige Person, Familie und Körperschaft]
Wage and Productivity Differentials in Japan
: The Role of Labor Market Mechanisms
Erschienen in:Global COE Hi-Stat Discussion Paper Series 127, 2010
Umfang:
1 Online-Ressource (38 p)
Sprache:
Englisch
DOI:
10.2139/ssrn.3146992
Identifikator:
Entstehung:
Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments March 22, 2018 erstellt
Beschreibung:
This paper aims at explaining two stylized facts of the Lost Decade in Japan: rising wage inequalities and increasing firm-level productivity differentials. We build a model where firms can choose between efficiency wages with endogenous effort and competitive wages, and show that it can replicate those facts. Using Japanese microeconomic data, we find support for the existence of efficiency wages in one group of firms and competitive wages in the other group. Based on those results, a simulation shows that the share of firms using efficiency wages has declined, within sectors, during the Lost Decade, as predicted by the model