Wage differentials in Japan: 1958-85

Michio Morishima

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: The market is a place where people behave quite relentlessly. If one person is selling a particular commodity at a higher price than others, no one will buy that commodity from him, however virtuous or merciful he is known to be. Of course, the actual world does not always work exactly in this way, but if it works too differently, the case is regarded as being an exceptional one. Thus, the assumption that the market is a relentless place is acceptable as a first approximation ot the real world.

Keywords: Japan; wage differentials; commodity; market; labour market; manual labour; non-manual labour; education; sex; wage payment; seniority (search for similar items in EconPapers)
JEL-codes: J01 R14 (search for similar items in EconPapers)
Pages: 56 pages
Date: 1989-09
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