High Economic Growth and Human Capital: Conditions for Sustained Growth  

Oleh:

Ueshima, Yasuhiro

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Japan Labor Review vol. 11 no. 3 (2014), page 005-034.
Topik: Wages and Labor Force Composition; Log Wage Distribution; Log Wage Variance (Worker Distribution Fixed); Wage Differentials; Wage Differentials--Age and Length of Service; Wage Differentials--Educational Background; Wage Differentials--Company Size and Industry; Labor Quality; Economic Growth;
Fulltext: JLR43_ueshima.pdf (1.81MB)

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Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ130.10 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

This paper explains changes in wage st ructure during and following the era of high economic growth from the perspec tives of both supply and demand, and evaluates the impact of human capital formation on the Japanese economy. An attempt is also made to clarify to what extent and in what form various chan- nels of human capital formation contributed to economic growth. First, school education continued to be an effective i nvestment despite the spread of higher education, and gradually grew in importa nce as a channel that raised the qual- ity of the labor force. The reason for this is that changes in technology were biased toward certain academic bac kgrounds. Academic skil ls raised produc- tivity in tandem with new technologies and thereby contributed to economic growth. Next, in-house training mainta ined its usefulness amongst male work- ers despite the aging of the labor force, and accounted for about half of all the accumulation of skills. On the other hand, female workers were excluded from the general training that aimed to foster work skills with wide applicability. Finally, faced with today’s trends toward “non-regular” work and “impover- ishment,” ideas on how to maintain m echanisms for broad human capital for- mation will be discussed.

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