, 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 …

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 …

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

regulate the economy and to withstand the political and social challenges from non-state actors. I construct a model in which … the state apparatus is controlled by a self-interested ruler, who tries to divert resources for his own consumption, but … who can also invest in socially productive public goods. Both weak and strong states create distortions. When the state is …