Choice of Technology and Labour Market Consequences : An Explanation of U.S.-Japanese Differences  

Oleh:

Morita, Hodaka

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Economic Journal (EBSCO) vol. 111 no. 468 (2001), page 29-50.
Topik: labour market; technology; labour market; differences
Fulltext: 29.pdf (253.05KB)

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Perpustakaan Pusat (Semanggi) Nomor Panggil: EE28.3 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

This paper provides an explanation for U. S. - Japanese differences concerning continuous process improvement, turnover rate, and the level and firm - specificity of human capital accumulation. Connection between continuous process improvement and the firm - specificity of training causes multiplicity of equilibria. In the Japanese equilibrium, each firm conducts continuous process improvement because other firms do so, and as a consequence training provided by such a firm becomes less effective in other firms. This lowers the turnover rate, which, in turn, increases firms' incentives to train employees. In the US equilibrium, training is general, which raises the turnover rate and decreases incentives to train.

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