Labor Market Adjustments in the Pacific Basin

1 Introduction -- I Theoretical Framework: Institutions and the Labor Market -- 2 A Comparison of Labor Market Equilibria Under Different Institutional Organizations -- II Observed Dislocation: International Comparisons -- 3 Wage Flexibility in the United States and Japan -- 4 The Impact of International Trade Shocks on Wage Adjustments in Canada -- 5 Japanese Redundancy: The Impact of Key Labor Market Institutions on the Economic Flexibility of the Japanese Economy -- 6 The Impact of Mexican Migration on the United States and Mexican Economies and Labor Markets -- III Domestic and International Shocks: Effects on Employment and Wages -- 7 Wage and Employment Adjustments and the Efficiency Wage Hypothesis: An Application to the Japanese Manufacturing Sector -- 8 The Collective Impact of Sectoral Shocks on Aggregate Employment Fluctuations -- IV Compensation of Displaced Workers -- 9 Job Security Versus Income Security -- 10 Compensating Displaced Workers—What, How Much, How?.