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The System of Wage-Setting Japan, Germany and the US - Towards Convergence? (Paperback)
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The System of Wage-Setting Japan, Germany and the US - Towards Convergence? (Paperback)
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Seminar paper from the year 2002 in the subject Business economics
- Personnel and Organisation, grade: 2.4 (B), University of
Manchester (Manchester School of Management), 43 entries in the
bibliography, language: English, abstract: How and to what extend
do labour systems in general, and wage-setting mechanisms in
particular, differ amongst the three biggest economies of the
world, namely Japan, Germany, and the United States? Does the trend
towards increasing trade liberation lead to pressure to harmonise
different wage-setting systems? If so, what is the evidence for
convergence?1 What impact could this have on the future of the
labour systems of the so-called less flexible countries? These are
the questions that this paper will attempt to address on the
following pages. While limited in scope, it will attempt to shine a
light, however brief, on the above issues, and offer a conclusion
that will take into account both the facts presented and a possible
future scenario. Specifically, chapter two to four will briefly
highlight the main characterises that influence wage-setting in
Japan, Germany, and the United States respectively. Chapter five
will consider issues of convergence and divergence, in general
terms and also more countryspecific. Finally, chapter six will sum
up the main findings of this report, and offer a view on the
possible future of the convergence debate.
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