search query: @journal_id 500 / total: 452
reference: 259 / 452
| Author: | Hiwaki, K. |
| Title: | The stable long-term employment system of Japan: a microeconomic perspective. |
| Journal: | Human Systems Management
1990 : VOL. 9:1, p. 15-28 |
| Index terms: | EMPLOYMENT POLICY JAPAN MICROECONOMICS |
| Language: | eng |
| Abstract: | Arguments are presented in favour of a new perspective as regards the Japanese stable long-term employment system (SLES). The most important factor and vehicle of argumentation is the time-preference rate of the average worker in the "communal firm". A gradual change downward of his or her time-preference rate is assumed to be induced by the very nature of the SLES, given a high growth trend in demand for the firm's products. The assurance of long-term employment may encourage the worker to plan for a longer span of time than otherwise. This is most likely to induce an increase in the "communal saving". The "saving" partially comprising the labour's "interest subsidy" tends to escalate the firm's capital formation. |
SCIMA