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the industrial organization of the Japanese bar. These data suggest two sources of high income: an idiosyncratic return to … choose between a relatively low-income career in Tokyo and a provincial career paying a compensating differential …
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Using micro-level data (from tax records) on attorney incomes in 2004, we reconstruct the industrial organization of the Japanese legal services industry. These data suggest a bifurcated bar. The most talented would-be lawyers (those with the highest opportunity costs) pass the bar-exam...
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