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|z 9781484391303
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|a Aoyagi, Chie.
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|a The Path to Higher Growth :
|b Does Revamping Japan's Dual Labor Market Matter? /
|c Chie Aoyagi, Giovanni Ganelli.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2013.
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|a 1 online resource (26 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|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.
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|a Mode of access: Internet
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|a Ganelli, Giovanni.
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|a IMF Working Papers; Working Paper ;
|v No. 2013/202
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| 856 |
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|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
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