Yutaka, HARADA; Kenichi, KAWASAKI; Akio, EGAWA; … - Economic and Social Research Institute (ESRI), Cabinet … - 2003
The increase of Japanese real wages in the 1990s has gradually become well-known. This increase was formed by the institutional reduction of contracted labor hours in the early 1990s and by deflation in the 1990s. Quantitative studies on the effect of the increase of wages on real GDP, however,...