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LABOR TURNOVER IN THE USA AND JAPAN: A TALE OF TWO COUNTRIES
Author(s) -
Blinder Alan S.,
Krueger Alan B.
Publication year - 1996
Publication title -
pacific economic review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.34
H-Index - 33
eISSN - 1468-0106
pISSN - 1361-374X
DOI - 10.1111/j.1468-0106.1996.tb00173.x
Subject(s) - seniority , turnover , earnings , economics , demographic economics , labour economics , scale (ratio) , geography , finance , political science , management , cartography , law
. The labor turnover rate in Japan is less than half the US level. A small‐scale survey of companies that operate in both Japan and the USA was conducted to examine reasons for the discrepancy. The main findings are that Japanese human resource policies, including steep seniority‐earnings profiles, extensive fringe benefits, participatory management, and a reluctance to recruit experienced workers from other firms, contribute to the lower Japanese turnover rate. Additionally, workers of Japanese descent in the USA have a somewhat lower labor turnover rate than other Americans, suggesting some role for cultural differences.