Exam: In Class
The course will focus on the relationships among labor markets, labor policy, and labor law. More specifically, the course will identify the changing shape of labor markets, describe the impact that labor law and policy has had on those markets, and explore the changes that legislatures and courts might make to that law to improve market outcomes. Although we will focus on data and institutional detail about Japanese markets and legal structures, the principles potentially apply across national boundaries.
Inter alia, the course will explore (1) the effect of the aging population in Japan on labor market outcomes, (2) recent changes (and expected future changes) in Japanese social security policy, (3) the effect of technological changes on the labor market, (4) the effect of the globalization of product and service markets on Japanese labor structure, (5) the effect of these changes on general and specific investments in human capital, and (6) the effect of these changes on industrial relations. Additionally, the course will address the extent to which any of this is specific to Japan, the effect that regulation can have on work-life balance, and the place that universities play in the labor market.