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Identifier to cite or link to this item: https://hdl.handle.net/10086/17369

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Title
Employment and Wage Adjustments at Firms under Distress in Japan: An Analysis Based upon a Survey
Creator
Creator Name
Ariga, Kenn Ariga, Kenn
有賀, 健 有賀, 健
アリガ, ケン アリガ, ケン
Affiliation
Affiliation Name
Kyoto University
Creator Name
Kambayashi, Ryo Kambayashi, Ryo
神林, 龍 神林, 龍
カンバヤシ, リョウ カンバヤシ, リョウ
Affiliation
Affiliation Name
Hitotsubashi University
Editor
Contributor Name
日本経済の物価変動ダイナミクスの解明 = Understanding Inflation Dynamics of the Japanese Economy
Abstract
We use the result from a survey of Japanese firms in manufacturing and service to investigate the choice of wage and employment adjustments when they needed to reduce substantially the total labor cost. Our regression analysis indicates that the large size reduction favors the layoffs of the core employees, whereas the base wage cuts are more likely if the firms do not feel immediate pressures from the external labor market or the strong competition in the product market. We also find some evidence that the concerns over adverse selection or demoralizing effects of wage cuts are real. Firms do try to avoid using base wage cuts if they consider these factors more important.
Publisher
Research Center for Price Dynamics, Institute of Economic Research, Hitotsubashi University
Issued Date
2009-05-08
Language
English(eng)
Resource Type
technical report
Version Type
VoR
Is Part OfRelation -
Related Title
Working Paper Series ; No. 36
Relation
Related Identifier
URI
  http://www.ier.hit-u.ac.jp/~ifd/
Number of Pages
21
Sponsorship
日本学術振興会・科学研究費補助金（学術創成研究費） = JSPS Grant-in-Aid for Creative Scientific Research
Appears in Collections
Working Paper Series / Understanding Inflation Dynamics of the Japanese Economy
URL
https://hdl.handle.net/10086/17369