Labor Cost in an Aging Economy

Akira Ono

Japanese Economy, 1989, vol. 18, issue 2, 30-57

Abstract: When the wage structure is organized in such a way that wages tend to rise with age, it follows that the more younger workers there are, the lower a firm's total labor cost will be; by the same token, the more older workers there are, the higher a firm's labor cost. This is a factor that businessmen must consider in their decision as to whether or not to maintain the current wage system.

Date: 1989
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DOI: 10.2753/JES1097-203X180230

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