Introduction / Peter T. Chinloy and Ernst W. Stromsdorfer -- A comparison of labor market equilibria under different institutional organizations / Nicholas H. Kiefer -- Wage flexibility in the United States and Japan / Masanori Hashimoto and John Raisian -- The impact of international trade...

This book presents an integrated overview and evidence, taking Japan as an example, on how international trade, especially with developing countries, affects labor market in developed countries, which has been keenly debated among international and labor economists since the late 1980s. The...