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This paper utilizes a rich data set on workers and their employers in the US and Japan to test several predictions of …
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When work groups support the goals of the firm, firms will want to narrow wage dispersion in order to increase group cohesiveness and productivity. This narrowing of wage differentials has several implications: (1) Firms will pay wages that vary less than marginal productivity; (2) Firms that...
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United States and Japan, respectively. Our estimation framework allows a distinction to be made between spillover effects …
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There has been much discussion of the differences in macroeconomic performance and prospects between the US, Japan and …, Japan and the euro area appear quite distinct. Documenting and comparing such international business-cycle features can aid …
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