Turning Point in Japan: Structural Change in the Labor Market and Significance
Ryoshin Minami
Chapter 2 in Lewisian Turning Point in the Chinese Economy, 2014, pp 17-41 from Palgrave Macmillan
Abstract:
Abstract Under what conditions does surplus labor exist and what effects does it have on an economy? Is surplus labor inevitable in underdeveloped economies? Under what conditions will it disappear, passing the Lewisian turning point? To address these questions, this author uses the case of Japan for illustration.
Keywords: Labor Supply; Income Distribution; Turning Point; Real Wage; Wage Differential (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-39726-3_2
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DOI: 10.1057/9781137397263_2
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