Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/190316 
Year of Publication: 
2018
Series/Report no.: 
ADBI Working Paper No. 895
Publisher: 
Asian Development Bank Institute (ADBI), Tokyo
Abstract: 
We investigate the long-term drivers of the labor share in Japan using data from the Japanese Industrial Productivity database from 1970 to 2012. The descriptive and econometric results indicate that the decline in the labor share observed in Japan during the period of analysis was highly concentrated in the low-knowledge-intensity sectors, the employment share of which has increased remarkably. These sectors also experienced a strong increase in non-regular workers, who constitute a secondary segment of the labor market in Japan, characterized by low wages and very limited union coverage. The low level of protection of this group of workers and the increase in market power concentration have probably contributed to reducing the bargaining power of labor vis-à-vis employers and, consequently, the labor share.
Subjects: 
labor share
non-regular work
markup
Japan
JEL: 
E25
J30
L11
O14
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Working Paper

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