The Path to Higher Growth : Does Revamping Japan's Dual Labor Market Matter? /

This paper argues that Japan's excessive labor market duality can reduce Total Factor Productivity (TFP) due to a negative impact on non-regular workers' effort and on firms' incentives to train them. On the basis of cross-country empirical evidence, the paper proposes some reform opt...

Täydet tiedot

Bibliografiset tiedot
Päätekijä: Aoyagi, Chie
Muut tekijät: Ganelli, Giovanni
Aineistotyyppi: Aikakauslehti
Kieli:English
Julkaistu: Washington, D.C. : International Monetary Fund, 2013.
Sarja:IMF Working Papers; Working Paper ; No. 2013/202
Linkit:Full text available on IMF
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100 1 |a Aoyagi, Chie. 
245 1 4 |a The Path to Higher Growth :   |b Does Revamping Japan's Dual Labor Market Matter? /  |c Chie Aoyagi, Giovanni Ganelli. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2013. 
300 |a 1 online resource (26 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper argues that Japan's excessive labor market duality can reduce Total Factor Productivity (TFP) due to a negative impact on non-regular workers' effort and on firms' incentives to train them. On the basis of cross-country empirical evidence, the paper proposes some reform options. In particular, our analysis suggests that reducing the difference in employment protection between regular and non-regular workers would substantially reduce labor market duality in Japan. One reform consistent with these findings is the introduction of a Single Open Ended Contract for all newly hired workers. This reform could be complemented by a shift towards a model that combines labor market flexibility and security ('flexicurity') and by policies aimed at encouraging wage growth. 
538 |a Mode of access: Internet 
700 1 |a Ganelli, Giovanni. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2013/202 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2013/202/001.2013.issue-202-en.xml  |z IMF e-Library