The effects of implicit contracts on wages: Evidence from the Japanese labor market

Koyo Miyoshi

Economics Letters, 2012, vol. 115, issue 1, 38-40

Abstract: This paper tests whether wages in Japan’s labor market are determined by current or past labor market conditions. The empirical results are consistent with a model suggesting that labor market mobility may be limited and costly in Japan for men.

Keywords: Implicit contract theory; Labor market mobility; Long-term employment system (search for similar items in EconPapers)
JEL-codes: J16 J31 (search for similar items in EconPapers)
Date: 2012
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Related works:
Working Paper: The Effect of Implicit Contracts on the Wages: Evidence from Japanese Labor Market (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:115:y:2012:i:1:p:38-40

DOI: 10.1016/j.econlet.2011.11.026

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