Faculty of Economics
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NBER Working Papers and Publications
|July 1987||Wage Structures and Labor Turnover in the U.S. and in Japan|
with Jacob Mincer: w2306
The starting point of this study is the proposition that intensive formation of human capital on the job is the basic proximate reason for the strong degree of worker attachment to the firm in Japan. The greater emphasis on training and retraining, much of it specific to the firm, results also in steeper wage trajectories, due to growth of skills in the firm. We explore this insight more thoroughly by a detailed use of micro-data for the two countries: We measure wage profiles and turnover in age groups, and we test the inverse relation between the two on industry sectors within each of the countries. Using productivity growth indexes for industries in the U.S. and in Japan we test the hypothesis that rapid technical change which induces greater and continuous training, is responsible for ...
Published: Journal of the Japanese and International Economies, Vol. 2, pp. 97-133,(1988)