SSE/EFI Working Paper Series in Economics and Finance
No 624:
Lifetime Employment in Japan: Concepts and Measurements
Hiroshi Ono ()
Abstract: This paper poses three fundamental questions about
lifetime employment in Japan: How big is it? How unique is it? And, how is
it changing? I examine different concepts and methods for estimating
lifetime employment and conclude that it covers roughly 20 percent of the
Japanese labor force. Job mobility remains considerably lower in Japan than
in other economies (particularly the U.S.). Evidence regarding changes in
lifetime employment is mixed. The share of workers in the core, an ex-ante
measure of lifetime employment, is declining. But the probability of job
separations has remained stable for those who are already in the system. I
also find evidence that the incentives among workers, managers and
executives are aligned to preserve the lifetime employment system.
Keywords: Lifetime employment; job mobility; (follow links to similar papers)
JEL-Codes: J24; J42; J62; (follow links to similar papers)
59 pages, March 28, 2006, Revised April 6, 2007
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- This paper is published as:
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Ono, Hiroshi, (2010), 'Lifetime Employment in Japan: Concepts and Measurements', Journal of the Japanese and International Economies, Vol. 24, March, No. 1, pages 1-27
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