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The Japanese Labor Market In A Comparative Perspective With The United States: A Transaction-Cost Interpretation, Masanori Hashimoto

Upjohn Press

This study offers a comparative analysis of a number of Japanese labor market features in relation to the U.S. The author examines employer-employee attachment, workforce adjustment, and industrial relations including "unique" Japanese institutions such as joint consultation and consensus-based decision making. Hashimoto argues that cultural-traditional influences, which shape the transaction-cost environment, interacted with technological progress in shaping the various uniquely-Japanese labor market features.