Dismissal Compensation and Labor Mobility in Japan

Naohiro Yashiro ()
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Naohiro Yashiro: Showa Women’s University

Chapter Chapter 2 in Severance Payment and Labor Mobility, 2018, pp 17-38 from Springer

Abstract: Abstract This chapter discusses the economic impact of the employment law of Japan for large and small firms. It describes in detail the settlement process when employers and employees do not agree on the termination condition. It also advocates statutory monetary compensation because, in small firms, the cost to obtain legal protection from dismissal is high relative to the workers’ income. Therefore, the introduction of severance payment rule would increase mobility in the labor market. It may even contribute to the removal of mandatory retirement, a practice still legal in Japan.

Keywords: Japan’s labor market; Dismissal; Severance payment; Labor mobility; Long-term employment security; Seniority-based wages; Mandatory retirement practice; Exit payment; Firm-specific skill; Non-regular worker; Unemployment compensation; Civil litigation (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:spr:eclchp:978-981-13-2149-8_2

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DOI: 10.1007/978-981-13-2149-8_2

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