The Changing Japanese Labor Market

Theory and Evidence

  • Akiomi Kitagawa
  • Souichi Ohta
  • Hiroshi Teruyama

Part of the Advances in Japanese Business and Economics book series (AJBE)

Table of contents

  1. Front Matter
    Pages i-xi
  2. Akiomi Kitagawa, Souichi Ohta, Hiroshi Teruyama
    Pages 1-33
  3. Theory

    1. Front Matter
      Pages 35-35
    2. Akiomi Kitagawa, Souichi Ohta, Hiroshi Teruyama
      Pages 37-63
    3. Akiomi Kitagawa, Souichi Ohta, Hiroshi Teruyama
      Pages 65-115
  4. Evidence

    1. Front Matter
      Pages 117-117
    2. Akiomi Kitagawa, Souichi Ohta, Hiroshi Teruyama
      Pages 119-168
    3. Akiomi Kitagawa, Souichi Ohta, Hiroshi Teruyama
      Pages 169-186
  5. Back Matter
    Pages 187-190

About this book


This book reappraises the Japanese employment system, characterized by such practices as the periodic recruiting of new graduates, lifetime employment and seniority-based wages, which were praised as sources of high productivity and flexibility for Japanese firms during the period of high economic growth from the middle of the 1950s until the burst of bubbles in the early 1990s. The prolonged stagnation after the bubble burst induced an increasing number of people to criticize the Japanese employment system as a barrier to the structural changes needed to allow the economy to adjust to the new environment, with detractors suggesting that such a system only serves to protect the vested interests of incumbent workers and firms. By investigating what caused the long stagnation of the Japanese economy, this book examines the validity of this currently dominant view about the Japanese employment system. The rigorous theoretical and empirical analyses presented in this book provide readers with deep insights into the nature of the current Japanese labor market and its macroeconomic impacts.


Japanese employment system Japanese labor market Lost decades Unemployment Youth employment

Authors and affiliations

  • Akiomi Kitagawa
    • 1
  • Souichi Ohta
    • 2
  • Hiroshi Teruyama
    • 3
  1. 1.Graduate School of Economics and ManagementTohoku UniversitySendaiJapan
  2. 2.Department of EconomicsKeio UniversityTokyoJapan
  3. 3.Institute of Economic ResearchKyoto UniversityKyotoJapan

Bibliographic information

  • DOI
  • Copyright Information Springer Nature Singapore Pte Ltd. 2018
  • Publisher Name Springer, Singapore
  • eBook Packages Economics and Finance
  • Print ISBN 978-981-10-7157-7
  • Online ISBN 978-981-10-7158-4
  • Series Print ISSN 2197-8859
  • Series Online ISSN 2197-8867
  • Buy this book on publisher's site
Industry Sectors
Finance, Business & Banking