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Long-Term Employment and Job Security over the Past 25 Years

Author

Listed:
  • Ryo Kambayashi
  • Takao Kato
Abstract
The authors document and contrast changes (or lack thereof) in job stability over the past 25 years between Japan and the United States. Prime-age male workers with at least five years of tenure in Japan continued to enjoy much higher job stability than did their U.S. counterparts. Most remarkably, Japan’s “Lost Decade†had little discernible adverse effect on the job stability of this group of Japanese employees. By contrast, job stability for mid-career hires and youth workers deteriorated in Japan. The authors’ cross-national regression analysis of job loss confirms the consistently more important role that seniority plays in protecting workers from job loss in Japan than in the United States and reveals that this gap in seniority’s influence on job stability between the two countries widened. Overall, it is the U.S. economy with the longest economic expansion, not the Japanese economy with the longest economic stagnation, that experienced deteriorating job stability, pointing to the absence of convergence of the Japanese and U.S. systems.

Suggested Citation

  • Ryo Kambayashi & Takao Kato, 2017. "Long-Term Employment and Job Security over the Past 25 Years," ILR Review, Cornell University, ILR School, vol. 70(2), pages 359-394, March.
    • Handle: RePEc:sae:ilrrev:v:70:y:2017:i:2:p:359-394
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    Citations

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    Cited by:

    1. Mitsuharu Miyamoto & Hiroatsu Nohara, 2023. "How Japanese firms address the issues of environment, society, and governance: a corporate governance perspective," Evolutionary and Institutional Economics Review, Springer, vol. 20(1), pages 25-46, April.
    2. Horioka, Charles Yuji & Gahramanov, Emin & Hayat, Aziz & Tang, Xueli, 2021. "The impact of bequest motives on labor supply and retirement behavior in Japan: A theoretical and empirical analysis," Journal of the Japanese and International Economies, Elsevier, vol. 62(C).
    3. LECHEVALIER, Sébastien & MOFAKHAMI, Malo, 2023. "Analyzing the diverse impact of digital use on the job quality : Comparing work organization and job satisfaction in Japan and France," Discussion Paper Series 740, Institute of Economic Research, Hitotsubashi University.
    4. Yokoyama, Izumi & Kodama, Naomi & Higuchi, Yoshio, 2019. "Effects of state-sponsored human capital investment on the selection of training type," Japan and the World Economy, Elsevier, vol. 49(C), pages 40-49.
    5. Wei-hsin Yu & Yuko Hara, 2020. "Job characteristics, marital intentions, and partner-seeking actions: Longitudinal evidence from Japan," Demographic Research, Max Planck Institute for Demographic Research, Rostock, Germany, vol. 43(52), pages 1509-1544.
    6. Kambayashi, Ryo & Ohyama, Atsushi & Hori, Nobuko, 2021. "Management practices and productivity in Japan: Evidence from six industries in JP MOPS," Journal of the Japanese and International Economies, Elsevier, vol. 61(C).
    7. Yokoyama, Izumi & Kodama, Naomi & Higuchi, Yoshio, 2019. "Inequality through wage response to the business cycle–Evidence from the FFL decomposition method," Journal of the Japanese and International Economies, Elsevier, vol. 51(C), pages 87-98.
    8. Fujita, Shigeru & Fujiwara, Ippei, 2023. "Aging and the real interest rate in Japan: A labor market channel," Journal of the Japanese and International Economies, Elsevier, vol. 69(C).
    9. Inoue, Toshikatsu, 2022. "The effect of aging on the age–wage profile in Japan," Journal of the Japanese and International Economies, Elsevier, vol. 66(C).
    10. Kato, Takao & Kodama, Naomi, 2019. "The Consequences of Short-Time Compensation: Evidence from Japan," IZA Discussion Papers 12596, Institute of Labor Economics (IZA).
    11. Ohta, Souichi, 2019. "Some evidence on the cohort earnings differentials of men in Japan," Japan and the World Economy, Elsevier, vol. 49(C), pages 113-125.
    12. Kambayashi, Ryo & 神林, 龍 & Kato, Takao, 2020. "Labor-Management Communication about Training," Discussion Paper Series 706, Institute of Economic Research, Hitotsubashi University.
    13. Arai, Natsuki & 荒井, 夏來 & Nakazawa, Nobuhiko & 中澤, 伸彦, 2021. "Does Working with a Future Executive Make Junior Employees More Likely to Be Promoted ?," Discussion Papers 2021-01, Graduate School of Economics, Hitotsubashi University.
    14. Mika Akesaka & Koyo Miyoshi, 2018. "Wage Inequality during the Long-term Stagnation in Japan: Changes within and between Establishments," ISER Discussion Paper 1045, Institute of Social and Economic Research, Osaka University.
    15. Fujii, Mayu & Shiraishi, Kousuke & Takayama, Noriyuki, 2018. "The effects of early job separation on later life outcomes," Journal of the Japanese and International Economies, Elsevier, vol. 48(C), pages 68-84.
    16. Naiki, Eriko & Ogane, Yuta, 2021. "Are Japanese Full-time Workers Conservative in Starting New Businesses?," Journal of the Japanese and International Economies, Elsevier, vol. 60(C).
    17. Burdin, Gabriel & Kato, Takao, 2021. "Complementarity in Employee Participation Systems: International Evidence," IZA Discussion Papers 14694, Institute of Labor Economics (IZA).
    18. Esteban-Pretel, Julen & Fujimoto, Junichi, 2020. "Non-regular employment over the life-cycle: Worker flow analysis for Japan," Journal of the Japanese and International Economies, Elsevier, vol. 57(C).
    19. Yuanyuan Gong & Shige Makino & Aqi Liu & Huanchen Liu & Jingyi Wang, 2023. "Unraveling the stagnation of employee pay in Japanese firms: the impact of profit creation, employee productivity, and employee share," Asian Business & Management, Palgrave Macmillan, vol. 22(4), pages 1743-1772, September.
    20. Izumi, Atsuko & Kodama, Naomi & Kwon, Hyeog Ug, 2023. "Labor market concentration and heterogeneous effects on wages: Evidence from Japan," Journal of the Japanese and International Economies, Elsevier, vol. 67(C).
    21. Martin Piotrowski & Erik Bond & Ann Beutel, 2020. "Marriage counterfactuals in Japan: Variation by gender, marital status, and time," Demographic Research, Max Planck Institute for Demographic Research, Rostock, Germany, vol. 43(37), pages 1081-1118.
    22. Jonathan Morris & Rick Delbridge & Takahiro Endo, 2018. "The Layering of Meso‐Level Institutional Effects on Employment Systems in Japan," British Journal of Industrial Relations, London School of Economics, vol. 56(3), pages 603-630, September.
    23. Fukao, Kyoji & Perugini, Cristiano & Pompei, Fabrizio, 2022. "Labour market regimes, technology and rent-sharing in Japan," Economic Modelling, Elsevier, vol. 112(C).
    24. KUBO Katsuyuki & TSUBONO Kodai, 2022. "The Effect of Investment Funds on Employment and Wages," Discussion papers 22044, Research Institute of Economy, Trade and Industry (RIETI).

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