Extended Schooling and Internalized Training: Skill Elements Evolution of Blue-collar Workers in an Internal Labor Market

Masaki Nakabayashi

No f157, ISS Discussion Paper Series (series F) from Institute of Social Science, The University of Tokyo

Abstract: Long-term employment and internal promotion at major firms are common in developed economies. We examine the long-range changes in the returns on skill elements and training using a micro dataset of a Japanese ironworks. We show that, 1) the return on schooling rose from the late 1940s and that on tenure surged but that on previous experience became modest from the mid-1950s, 2) complementarity between schooling and experience strengthened from the mid-1950s, and 3) training programs focused on bettereducated employees from the late 1940s, which formed an internal labor market in the flexible labor market in the 1960s.

Keywords: specific skills; asymmetric employer learning; return on schooling; internal labor markets; Japan. (search for similar items in EconPapers)
JEL-codes: J31 L22 M52 (search for similar items in EconPapers)
Pages: 40 pages
Date: 2011-09, Revised 2015-04-01
New Economics Papers: this item is included in nep-his, nep-lab and nep-lma
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http://www.iss.u-tokyo.ac.jp/publishments/dpf/pdf/f-157.pdf Revised version, 29th October. 2013 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:itk:issdps:f157

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