Job Security Laws and Structural Change in the Japanese Labor Market

Kenji Azetsu and Mototsugu Fukushige ()
Additional contact information
Kenji Azetsu: Graduate School of Economics, Kobe University

No 05-31, Discussion Papers in Economics and Business from Osaka University, Graduate School of Economics

Abstract: There are a number of indications that Japanese job security laws have been relaxed since the end of the 1990s. The purpose of this paper is to establish causality between job security laws and firing costs in the Japanese labor market. The analysis first investigates when and how firing costs changed, and then compares the timing of these changes in firing costs with those of job security laws. The results indicate that gradual changes in firing costs began in about 1992, lagging one or two years behind the bursting of the bubble economy, while job security laws started to change towards the end of the 1990s.

Keywords: Adjustment costs for labor; Gradual switching model; Job security laws (search for similar items in EconPapers)
JEL-codes: J23 J32 (search for similar items in EconPapers)
Pages: 28 pages
Date: 2005-11
New Economics Papers: this item is included in nep-reg and nep-sea
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www2.econ.osaka-u.ac.jp/library/global/dp/0531.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:osk:wpaper:0531

Access Statistics for this paper

More papers in Discussion Papers in Economics and Business from Osaka University, Graduate School of Economics Contact information at EDIRC.
Bibliographic data for series maintained by The Economic Society of Osaka University ().