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 …

, 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 …

conduct an empirical investigation of the impact of one key set of institutions, the capacity of the US state as proxied by … the way in which the US created an immensely capable and effective state …

, Japan, and Korea %u2013 tend to share similar and moderate values of the substitution elasticity. For the five ASEAN …