A Historical Note: Does History Matter?

Konosuke Odaka

A chapter in Internal Labour Markets, Incentives and Employment, 1998, pp 333-335 from Palgrave Macmillan

Abstract: Abstract There are good reasons why social institutions, including the labour market, adopt specific forms and characteristics. The development of the Japanese labour market is a case in point and provides an interesting example of the formation and reformation of a social institution. This social institution was not entirely new to Japan in the year 1868 and in the process of development two types of transaction mechanism – ‘internal’ and ‘external’ labour markets – counteracted each other, with the balance of dominance shifting from one to the other. I shall illustrate this point with an example from the history of the machinery industry in Japan.

Keywords: Labour Market; Social Institution; History Matter; Internal Labour Market; Machinery Industry (search for similar items in EconPapers)
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37797-4_13

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DOI: 10.1057/9780230377974_13

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