The population base in both the United States and Japan is growing older and, as those populations age, they provoke heretofore unexamined economic consequences. This cutting-edge, comparative volume, the third in the joint series offered by the National Bureau of Economic Research and the Japan Center for Economic Research, explores those consequences, drawing specific attention to four key areas: incentives for early retirement; savings, wealth, and asset allocation over the life cycle; health care and health care reform; and population projections.
Given the undeniable global...

Wage determination is studied here in an international perspective, using a common theoretical framework and statistical method through the individual-country chapters to reveal similarities and differences between Japan, South Korea, the United States, Canada, Australia, the United Kingdom, Germany, France, and several countries in Asia.

Banking, Capital Markets and Corporate Governance explores the fragility of the banking system, corporate governance, and the increasing securitization of corporate finance. The contributors address the following issues. The impact of banking during a crisis in providing an incentive for the managers of failing banks to restructure their assets; the way in which economic and legal institutions can control the management of banks and firms; and the effects of increases in the securitization of corporate finance and the amount of financial innovation.

This book investigates the working of the capital and labour markets in Japan both theoretically and empirically. The working of the two factor markets - capital and labour - affects the Japanese economy and its firms. Both markets contribute to production, and production is more efficient when these two markets function well. The supply-demand relationships (of labour and capital input) determine the outcome of markets. This book investigates whether or not the function of these markets has been efficient in the past, to enhance the competitive power of the Japanese economy, and what changes...

The book attempts to examine whether trade unions in Japan contributed to raising wages, productivity and firm's performance. In the western world trade unions are often regarded as organizations which prevent firms from performing well. The Japanese case may be different from Europe and North America. The book investigates who in Japan joins trade unions and asks whether there is any difference in the satisfaction level of employees, the wage level, and labour turnover rates between union members and non-union members?

Advances in Happiness Research