Labour Markets and Wage Determination

  • Freddy Raschke
  • M. Donald Hancock
  • Haruo Shimada
Part of the St Antony’s/Macmillan Series book series


Both the Japanese and West German economies have experienced long periods of rapid growth since World War II. Until the first oil crisis of 1973, the average growth rates of 10 per cent in Japan and 4.5 per cent in West Germany had created the impression that their economic expansion was unlimited, although both had also experienced occasional mild recessions. Following the 1973 oil crisis, however, their growth rates fell to −1.2 per cent in Japan in 1974 and to −1.8 per cent in West Germany in 1975. Subsequently, these rates recovered to 4.7 per cent in Japan and 3.6 per cent in Germany later in the decade, but with declining trends in both cases.


Labour Market Collective Bargaining Wage Increase Japanese Economy Wage Determination 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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Copyright information

© Haruhiro Fukui and Peter H. Merkl 1993

Authors and Affiliations

  • Freddy Raschke
  • M. Donald Hancock
  • Haruo Shimada

There are no affiliations available

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