We pursue a cross-country comparison of relative financial readiness of older households in Japan and the Republic of …

.K. and Japan are between three and 15 times more flexible than in the U.S. during the postwar period. Corresponding to … similar to that in Britain and Japan. The contrast between the prewar data and the postwar data, where the U.S. is a definite … institutions than in the American case. In this comparison Britain is the odd-man-out, with well-publicized industrial strife …

growth varies considerably over time and across the four countries, and it is always less important, except in Japan, than … Japan (30%), while TFP levels are very close in France, the United Kingdom and the United States, but much lower (40%) in … Japan …

rehabilitate the U.S. banking industry. Many of those strategies were used also in Japan to combat its banking problems in the 1990 … respect to four of the others. So far the U.S. has avoided Japan's problem of having impaired banks prop up zombie firms …

, the paper documents parallel institutional developments in the U.S. and Japan towards corporate welfarism during the 1920s …, most major employers in Japan maintained their implicit contracts, while developing institutional arrangements to mitigate … the cost of long-term commitment. In contrast to the U.S., labor laws in Japan developed complementary to private welfare …

, while Japan is a large parts importer, the composition of its imports is shifted away from parts where vertical keiretsu are …

This paper offers a comparative study of the evolution of employment systems in the U.S. and Japan, using a game ….S.and Japan during the first three decades of this century. In both countries, employment relations evolved from ones governed by …-term contracts and company-wide employee representation.The paper then documents the subsequent processes of bifurcation. While Japan …

to be cointegrated. In Japan, but not in the U.S., there is a secular decline in the inventory-sales ratio …