Trésor-Economics No. 65 - Japan's changing labour market and how it is affecting its growth model
Japan's labour market model stands apart from that of other countries by the importance it places on employment, which it seeks to guarantee for life, while maintaining a high degree of wage flexibility. Among others, this has given rise to a system of company trade unions not seen elsewhere, and has led to a situation in which the unemployment rate is not particularly relevant as a variable. Gene... Lire la suite