Japanese labour market practices have attracted considerable
attention in the West for two reasons. Firstly, innovative human
resource management (HRM) is responsible for the development of
competitive industrial sectors. Secondly, inner flexibility of the
labour market has produced low unemployment and wage flexibility.
This study, originally published in 2000, provides a thorough
investigation of the distinctive features of Japanese internal
labour markets (ILM) and occupational labour markets (OLM), closely
analyses important changes in ILM and considers future
developments. It combines a mixture both of descriptive and of
theoretical and econometric work and builds on the authors' wel-
known previous research in this area. Also contains a detailed case
study and the econometric analysis of HRM policies used by a large
Japanese firm. Although the focus is on Japanese ILM, international
comparisons are made throughout, mainly with reference to Europe
and the United States.
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