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Wage curve in dual labor markets: cross-sectional evidence from Japan

Economics and Business Letters

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Title Wage curve in dual labor markets: cross-sectional evidence from Japan
 
Creator Inagaki, Kazuyuki; Nagoya City University
 
Description We find that the wage-unemployment relationship in Japan depends on the degree of labor market duality. The unemployment elasticity of wages is negative for the group with a lower degree of duality and, therefore, the Japanese wage curve holds for that group. However, the unemployment elasticity of wages is positive for the group with a higher degree of duality. This result is also valid as explained by the theory of compensating differentials. Therefore, the existence of dual labor market can affect the wage-unemployment relationship in developed countries such as Japan.
 
Publisher Oviedo University Press
 
Contributor —
 
Date 2015-06-30
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
—
 
Format application/pdf
 
Identifier http://www.unioviedo.es/reunido/index.php/EBL/article/view/10591
10.17811/ebl.4.2.2015.51-56
 
Source Economics and Business Letters; Vol 4, No 2 (2015): June; 51-56
Economics and Business Letters; Vol 4, No 2 (2015): June; 51-56
2254-4380
10.17811/ebl.4.2.2015
 
Language eng
 
Relation http://www.unioviedo.es/reunido/index.php/EBL/article/view/10591/10300
http://www.unioviedo.es/reunido/index.php/EBL/article/downloadSuppFile/10591/553
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