Downward nominal wage rigidity in Japan

Journal of the Japanese and International Economies

Volumn 15, Issue 1, 2001, Pages 50-67

  Kimura, Takeshi ^a   Ueda, Kazuo ^a  

^a BANK OF JAPAN   (Japan)

Author keywords

Low inflation; Wage rigidity

Indexed keywords

EID: 0042740421     PISSN: 08891583     EISSN: None     Source Type: Journal    
DOI: 10.1006/jjie.2000.0465     Document Type: Article

References (20)

1. Akerlof G. A., Dickens W. T., Perry G. L. The macroeconomics of low inflation. Brookings Pap. Econ. Act. 1996;1-59
2. Altonji, J. G, and, Devereux, P. J. 1999, The Extent and Consequences of Downward Nominal Wage Rigidity, National Bureau of Economic Research Working Paper 7236
3. Card, D, and, Hyslop, D. 1996, Does Inflation ’Grease the Wheels of the Labour Market’?, National Bureau of Economic Research Working Paper 5538
4. Crawford, A, and, Harrison, A. 1997, Testing for Downward Rigidity in Nominal Wage Rates, Price Stability, Inflation Targets and Monetary Policy, Bank of Canada
5. Freeman, R, and, Weitzman, M. 1986, Bonuses and Employment in Japan, National Bureau of Economic Research Working Paper 1878
6. Gordon R. J. Why U.S. wage and employment behavior differs from that in Britain and Japan. Econ. J. 92:1982;13-44
7. Groshen, E. L, and, Schweitzer, M. E. 1997, Identifying Inflation’s Grease and Sand Effects in the Labor Market, National Bureau of Economic Research Working Paper 6061
8. Hashimoto M. Bonus payments, on the job training, and lifetime employment in japan. J. Polit. Econ. 87:1979;1086-1104
9. Kimura, T., and Ueda, K.1997. Downward Nominal Wage Rigidity in Japan: Is Price Stability Costly?, Research and Statistics Department, Bank of Japan, Working Paper 97-1
10. Lebow, D. E, Saks, R. E, and, Wilson, B. A. 1999, Downward Nominal Wage Rigidity; Evidence from the Employment Cost Index, Board of Governors of the Federal Reserve System
11. Lebow, D. E., Stockton, D. J., and Wascher, W. L.1995. Inflation, Nominal Wage Rigidity, and the Efficiency of Labor Markets, Finance and Economics Discussion Series 94-95, Board of Governors of the Federal Reserve System
12. McLaughlin K. J. Rev. Fed. Res. Bank St. Louis. 81:1999
13. Nakayama, K., and Ooshima, K.1999. On the Formation of Inflation Expectation (in Japanese), Research and Statistics Department, Bank of Japan, Working Paper 99-7
14. Poole W. Is inflation too low? Rev. Fed. Res. Bank St. Louis. 81:1999
15. Rebick M. E. The persistence of firm-size earnings differentials and labor market segmentation in Japan. J. Japan. Int. Econ. 7:1993;132-156
16. Sachs J. D. Wages, profits and macroeconomic adjustment: A comparative study. Brookings Pap. Econ. Act. 1979:1979;269-332
17. Sano, Y. 1981, The Economics of Wages and Employment, Chuou-Keizai-Sha, Tokyo. [In Japanese]
18. Wilson, B. A.1999. Wage Rigidity: A Look Inside the Firm, Finance and Economics Discussion Series 99-22, Board of Governors of the Federal Reserve System
19. Yoshikawa H., Takeuchi Y. Real wages and the Japanese economy. Monet. Econ. Studies. 7:1989;1-40
20. Ueda K., Yoshikawa H. A macro economic analysis of the Japanese labor market. Quart. Gendaikeizai. 57:1984;62-77